If you inherit a traditional IRA after the enactment of the SECURE Act, or expect to inherit an IRA in the future, you should consider having a plan in place for withdrawals to avoid a big tax bill. Tax Liability…
Vincent J. Russo joined Hilary Topper to address common questions from her community on her New York Lifestyle Bog. Vincent addressed topics such as; What documents should you have in place if you have an elderly parent?, What is the…
The Setting Every Community Up for Retirement Enhancement Act (more commonly referred to as the SECURE Act) has received a lot of buzz in the estate and retirement planning communities lately thanks to the significant changes it has made to…
Have You Heard Of The Secure Act? Find Out How It Affects Your Ira! Vincent J. Russo joined Hilary Topper on her talk show, Hilary Topper on Air. During this podcast, Vincent shared the pros and cons of the new…
Una hipoteca inversa es un préstamo hipotecario, normalmente garantizado sobre bienes inmuebles residenciales, que permite al prestatario acceder al valor patrimonial de la propiedad. En concreto, se trata de un acuerdo financiero por el que el propietario cede el valor de su vivienda...
Retirement accounts are commonly one of our clients’ largest assets. These retirement accounts represent the fruit of a lifetime of labor, years of tax-deferred appreciation, and what many hope will be a lasting legacy that will help their children/beneficiaries in…
What is the IRA Charitable Rollover and how does it work? The Individual Retirement Account (“IRA”) Charitable Rollover is a “Qualified Charitable Distribution” which allows the IRA owner, who is 70 ½ or older, to make tax free gifts of…
Las parejas que rondan los 60 años suelen hablar de sus próximas vacaciones, de sus hijos y de posibles reformas en la vivienda. Sin embargo, hay un tema vital que a menudo se ignora: su futura jubilación. No hablar de detalles importantes de la jubilación, como...
La gente suele decir que sólo necesita un plan de sucesión si tiene mucho dinero y/o muchos bienes. Esta afirmación no es necesariamente cierta.
Razón 1: Un plan de sucesión también es importante para las decisiones médicas y financieras sencillas, especialmente para el cónyuge en caso de discapacidad o incapacidad. Hace que todo el proceso sea mucho más sencillo y menos estresante para el cónyuge.
Si me ocurre algo, mi cónyuge heredará todo lo que tengo de todos modos, así que ¿por qué necesito hacer un plan de sucesión?
Russo Law Group, P.C. is pleased to share this article on behalf of guest author Michael Gilfix.
The IRA Trust is the preferred method to give the beneficiaries of your retirement account protections that are otherwise not available to them.
Why use the IRA trust? Rather than simply naming beneficiaries for your IRA accounts, we strongly recommend that we instead prepare one or more IRA trusts to protect your beneficiaries, who are perhaps your children and grandchildren. There are four good reasons why this makes sense.