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A Final Retirement Account Distribution Must Still Be Made After Death

Federal law requires that beginning on April 1 of the year after you reach age 70 1/2, you must begin withdrawing a minimum amount from your non-Roth individual retirement account (IRA) or 401(k) accounts. These withdrawals are called required minimum distributions (RMDs). But what if you die after age 70 1/2 and before all the account funds … Continue reading

Tips on Creating an Estate Plan that Benefits a Child with Special Needs

Parents want their children to be taken care of after they die. But children with disabilities have increased financial and care needs, so ensuring their long-term welfare can be tricky. Proper planning by parents is necessary to benefit the child with a disability, including an adult child, as well as assist any siblings who may … Continue reading

Passwords and Estate Planning: How to Prepare Your Digital Assets

Estate planning does not have to be a complex and time-consuming process. Unfortunately, certain mistakes can complicate matters for your loved ones after your death. Passwords are a common problem during the estate planning process. Chances are, you are like most people and have various online accounts. You could have online banking, Bitcoin wallets, and … Continue reading

Medicare Beneficiaries Need to Know the Difference Between a Wellness Visit and a Physical

Medicare covers preventative care services, including an annual wellness visit. But confusing a wellness visit with a physical could be very costly.  As part of the Affordable Care Act, Medicare beneficiaries receive a free annual wellness visit. At this visit, your doctor, nurse practitioner or physician assistant will generally do the following:  Ask you to fill … Continue reading

How Can I Make Sure My Assets Are Protected for My Grandchildren?

There are many different factors involved with asset protection, especially when it comes to building your estate plans. If you want to ensure that your assets are passed down to your grandchildren safely and correctly, it’s important that you have an open and honest conversation with your children about your estate planning goals. What Are … Continue reading