01st March 2007
The distribution rules required at the death of an IRA owner depend on several things:
1. Did the IRA owner die before or after the “required beginning date”?
2. Who is the beneficiary?
In order to carry out the wishes of the IRA owner, evalu...
28th February 2007
One of the most attractive features of a Roth IRA is the ability to control the timing of the eventual required distributions. However, this ability mandates the withdrawals to be made within a prescribed set of rules.
The distribution advantages of a ...
20th February 2007
How well do you know Roth IRAs? Here are five tough questions. Let's see how you do…
1. I am 72 years young and still working. Can I set up a Roth IRA?
Yes. Unlike a traditional IRA, which does not allow contributions past age 70 1/2, Roth IRAs ha...
15th February 2007
Here’s how to make sure your long term care is taken care of for the rest of your life, guarantee that you will never run out of money and not disinherit your kids.
A tall order, you say. Yes, but in certain situations all three of these can have a h...
15th February 2007
An additional income tax deduction may be available by contributing to an IRA. However, many people may not realize they qualify to have an IRA. So let’s take a look at the contribution rules.
One of the things that makes IRAs so complicated is try...
08th February 2007
Quite a few people may find themselves in this situation…
They had the foresight to buy a long term care policy 5-10 years ago. My first comment is: good for them. When you sit down and take a look at the premium for long term care at various ages, y...
02nd February 2007
From my experience in working with seniors, here are the five most offered reasons why people have not purchased long term care. In most cases, the reasons are not valid. It’s not that they don’t make any sense; it is due to lack of information. So he...
30th January 2007
There are several ways to squeeze more income out of a given amount of capital invested in a CD. Let me share with you the split annuity concept.
Here is an example typical of many people. Mary is 75. She is a conservative investor. She has to be becau...
24th January 2007
Stop 100 people over 65 on the street and ask them if they will ever need to go to a nursing home and 99 will say, “No!” Folks tend to equate long term care insurance with nursing homes, but there are other aspects of long term care. Home care, assist...
20th January 2007
Given the fact that most seniors are interested in a secure income, reducing risk and lowering taxes, here is a planning technique to consider if you are trying to increase your income.
Maybe you have a CD that is coming up for renewal and you discov...
