Category - Retirement Planning

Bitcoin: the basics

December 8, 2017

You have probably heard the words “Bitcoin” and “Cryptocurrency.” But if you are like most of us, you have at first felt a little curious, then tried to learn a little more about these things…only to eventually give up with a headache. Let’s face it, these are complex matters well understood by few. I recently

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More IRA Trust Stuff

March 27, 2017

I was just referred to an article on this very topic, which is very much related to our blog post yesterday. I am happy to report that although the article I am referencing is not written by an attorney, it is quite good and although it contains a few points that should be clarified, it […]

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Is America Insolvent?

April 18, 2016

Is America on the verge of financial collapse? That depends on who you ask and what information you choose to believe. James Grant recently published an article in Time titled “The United States of Insolvency”, which paints a very bleak and alarming picture of the financial standing of the Unites States. According to Mr. Grant, the […]

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Sushi and Professional Services

March 11, 2016

Sushi and professional services have at least one thing in common: you should expect to pay a price for the good stuff. I love sushi. Let me clarify–I love good sushi. I would venture that most people who dislike sushi have never had quality sushi. Rather, most people who say that they “hate sushi” are those […]

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Don’t Let The Pigeon Drive The Bus (when it comes to your life planning)

August 3, 2015

This wonderful children’s story teaches important life lessons, including in the context of life planning. When my younger son was a toddler, he absolutely loved the pigeon books by Mo Willems. Josh would insist that we read those books to him over and over and over until he had them memorized (even though he could not […]

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IRA Beneficiary Designation Blunders and How to Avoid Them (Irrigation Analogy and Forbes Article)

May 4, 2015

Mistakes With Beneficiary Designation Forms Have Ruined Many a Good Estate Plan Consider a scenario where a person who has substantial retirement assets and life insurance retains a highly skilled estate planning attorney to design and implement a highly customized and in all respects masterful estate plan. The person’s estate plan is drafted, signed and […]

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A Generation Without Pensions?

April 20, 2015

Pensions Are Now Largely a Thing of the Past. It is natural for parents to relate their life experience to their children and this applies in many contexts, including as parents consider the adult years and eventual retirement of their children. Since many of today’s retired parents enjoy pensions and other retirement benefits in addition […]

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Why Would You “Roll the Dice” With Your Most Valuable Asset?

April 18, 2015

Your most valuable asset could end up in the wrong hands. Why take the chance? We have been talking recently about the idea of leaving inherited retirement accounts to children and others directly and thereby giving such individuals the freedom to choose how to utilize such accounts. We noted yesterday that in most instances, such […]

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Free to Choose? Why This Might NOT Always Be a Good Thing With Inherited Retirement Accounts

April 17, 2015

We all value freedom and the right to choose for ourselves. However, in the context of how to plan for the eventual transfer of your retirement accounts to others, freedom of choice may not be the best approach. Consider the following hypothetical example, which is emblematic of a great many client situations I have had […]

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Does an Inherited Roth IRA have required minimum distributions? YEP!!

April 13, 2015

We all know that there is never an RMD for a Roth IRA, right? Wrong! Contrary to popular belief, a Roth IRA can be subject to the “required minimum distribution” rules–namely when such an IRA account becomes an inherited IRA. Before going any further, perhaps we should first step back and deal with the basic […]

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