We can’t control the future. But we can have some control over the present. By talking with your family about the current state of your finances, your future plans, and your wishes for your estate after you’re gone, you’ll help everyone put their best foot forward and prepare for whatever is to come.
If you get an inheritance from your spouse, parents or other generous benefactor, chances are that all or some of that inheritance will be in the form of an IRA.
If you’ve turned on the news in the last month, you have heard the term “Brexit.” The portmanteau has been splashed all over international headlines since early June, when Britain prepared for a referendum on whether it would exit from the European Union (EU).
Retirement accounts represent a life’s worth of savings. Yet, when a person’s life ends, his or her account passes beyond personal control and discretion. Foolish management and legal disputes can quickly eat away at a gift that was meant to last many years.
In 1950, America boasted roughly 16 working adults for each retiree. The large pool of workers contributing to social security and the relatively low number of retirees receiving payments combined for an effective way to fund a stable source of supplemental income for retirees.
Even after nearly a decade, the effects of the U.S. housing bubble have yet to leave the market. While the broader economy continues to reestablish itself, millions of current, former and potential homeowners have struggled to determine the importance of property and define what it means to have a household.
