Using 529 Plans for a Grandchild’s Higher Education
This type of account, named for Section 529 of the Internal Revenue Code, enables you to reduce your taxable estate while earmarking funds for the higher education of a grandchild (or any other family member).
Medicare Open Enrollment Starts October 15: Is It Time to Change Plans?
Medicare's Open Enrollment Period, during which you can freely enroll in or switch plans, runs from October 15 to December 7. Now is the time to start shopping around to see whether your current choices are still the best ones for you.
IRS Finalizes 10-Year RMD Rules for Inherited IRAs
After much anticipation, the Treasury Department and the Internal Revenue Service (IRS) have issued final regulations relating to the 10-year required minimum distribution (RMD) rule for people who inherit individual retirement account (IRA) assets.
Proper Estate Planning Reduces Issues of Probate
Sound estate planning can make the probate process run efficiently and smoothly, protecting your estate's value and legacy and preserving your family's well-being. An attorney can help mitigate the risks.
What Is a Trustee in Estate Planning?
A trustee is the person or institution appointed to manage a trust on behalf of beneficiaries of the trust.
Funeral Arrangements: How to Make Your Wishes Known
How can you make sure your funeral and burial wishes will be carried out after you die? It is important to let your family know your desires and to put them in writing. Just don't do it in your will.
my Social Security Transitions to Login.gov
On July 12, 2024, the SSA announced a change affecting many account users. Those who created a my Social Security account before September 18, 2021, must transition to a different type of online account known as a Login.gov.
What You Should Know About the Medicare Tax
Medicare tax is an essential component of the United States tax system. It plays a crucial role in maintaining the solvency and functionality of the Medicare program.