Vincent Russo on CFN Live: The 10-Year Rule for Inherited IRAs
Discover the importance of the 10-Year Rule for inherited IRAs and what it means for your financial future.
Why Millennials and Gen Z Can’t Afford to Wait on Retirement Planning
When you're juggling student loans, rent payments, and maybe saving for a house down payment, retirement can feel like a distant concern. But here's the reality: the earlier you start planning for retirement, the more secure your financial future becomes…
Maximize Year-End Giving with Charitable Donations
What’s better than helping your favorite charity and reducing your tax bill? That’s exactly what charitable giving does—but only if you play by the rules and take advantage of the tax laws wisely.
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?
Retirement Contribution Limit Adjustments for 2023
This is a reminder, with a few days left in the year, to make sure you take advantage of your retirement contributions. In October 2022, the Internal Revenue Service (IRS) announced contribution limitation adjustments for employee retirement plans in response…
The Facts about the IRA Charitable Rollover
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…
Retirement Planning and the New Fiduciary Rule
The U.S. Department of Labor (DOL) released its final fiduciary rule on April 6, greatly expanding the definition of fiduciary investment advice under the Employee Retirement Income Security Act of 1974 (ERISA), and creating new fiduciary standards for financial advisors…
Medicaid Updates Life Expectancy Table – So What?
The Department of Health, overseer of the Medicaid program in New York, recently issued GIS 16 MA/010 updating the actuarial life expectancy table. “So what,” you say? Let’s say Joan is applying for Medicaid benefits and she has a retirement…
Why You Need Legal Advice for Elder Law and Estate Planning
Everyone has their niche. Financial advisors have a certain field of expertise, and most are very good at what they do. However, when it comes to elder law, Medicaid and estate planning, there is no substitute for sound legal advice…