When Can I Withdraw Funds from my IRA without a Penalty?
42.2 percent of all US households have IRA accounts, which equates to 55.5 million US Households. IRAs are an important component to retirement planning, but what if you need cash flow today?
Older Adults Are Failing at Retirement Planning
A 2023 Retirement Income Literacy Study conducted by the American College of Financial Services revealed that most adults ages 50 to 75 lack knowledge about retirement income. With this lack of knowledge came a lack of confidence about achieving the best possible…
What Is Memory Care, and What Are Its Benefits?
Memory care is specialized care for patients living with Alzheimer’s disease, dementia, or other conditions that cause memory loss. Hospitals and nursing homes may have memory care units, or a separate entity dedicated to this service. Memory care provides seniors with…
Retirement Planning: Adapting to Changing Demographics
Across the country, demographics and cultures are evolving. As the baby boomer generation continues to age, the way states set their budgets and health care policies must adapt. The focus will be on the needs of people under 50 with changing…
Avoiding Tax Liability with Qualified Beneficiary Designations
Prior to the SECURE Act, it was always important to ensure that a qualifying beneficiary designation was made to IRAs and other qualified retirement accounts. This could be an individual or a trust with the appropriate provisions that would allow the…
Vincent Russo on CFN Live: Who are the Players in Your Estate? (Part Two)
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on June 15th to discuss "Who are the Players in Your Estate? (Part Two)" https://www.youtube.com/watch?v=0erJP8WdrYU Vincent J. Russo explains who has the…
Vincent Russo on CFN Live: Who are the Players in Your Estate? (Part One)
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on June 8th to discuss "Who are the Players in Your Estate? (Part One)" Vincent J. Russo explains the importance of understanding…
Vincent Russo on CFN Live: How Grandparents Can Help Pay for Their Grandchild’s College Education
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on May 24th to discuss "How Grandparents Can Help Pay for Their Grandchild’s College Education" (College Savings Plans Part Two) Vincent J…
Tax Strategies Every Retiree Should Know
After spending decades working hard, saving money, and planning, most people look forward to retirement. Once retired you may feel tempted to cut loose a bit and forget about tax planning, but one of the keys to a successful retirement…
Vincent Russo on CFN Live – The Nuts and Bolts of IRAs – Part Two
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on January 26th to discuss "The Nuts and Bolts of IRAs - Part Two" Colleen: Funding IRAs (Individual Retirement Accounts) is a good…