from24/7 Wall St.1 month agoI have $400,000 in IRAs. Can a nursing home take my savings?If you're counting on Medicaid to pay for long-term nursing home care, the funds in your IRA may impact eligibility for coverage.Retirement
Retirementfrom24/7 Wall St.2 months agoWill $30K in annuity income offset my $60K RMD?Withdrawing from retirement accounts can ease tax burdens for heirs.Annuity income can reduce required minimum distributions based on IRS rules.
fromwww.nytimes.com3 months agoWhy Designated Beneficiaries Are Key to Your Estate PlanningMr. Furmaniuk expressed that if his aunt had designated beneficiaries directly on her I.R.A.s, the complicated paperwork and hassle he endured would have been avoided.Retirement
Privacy professionalsfromThe Mercury News3 months agoTax Day is Tuesday. Are you ready? Tips for late filersFiling extensions does not extend the payment deadline; payments are still due on the original tax deadline.
from24/7 Wall St.4 months agoAs an early retiree, how much income tax are you really paying on your withdrawals?It's important to factor taxes into your expenses.Retirement
fromAbove the Law4 months agoLast-Minute Tax Planning Strategies For Small Law Firm Owners: There's Still Time For 2024 - Above the LawAs a law firm owner, leveraging tax strategies is not just about saving money; it's about positioning your firm for long-term financial success.Privacy professionals
from24/7 Wall St.4 months agoI inherited my dad's 401(k) after 20 years and they won't tell me how much is in it - what can I do?Inheriting a 401(k) can be complicated, requiring persistence to obtain account details.Beneficiaries must follow specific rules regarding withdrawals and account management.