Question: As retirement gets closer and you own your home with approximately $1 M in assets including 401(k)s, savings, and stocks, is it still advisable to obtain a living trust in the present [...]

Question: My husband is 77 and I also will be 77 in five days. What if we pulled all our money out of my husband’s 401(k) (~$200,000) and my IRA (~$30,000) and put the cash into our home [...]

Question: When should I start collecting Social Security? Response: The answer depends on your health and financial situation. Given the complications of this question, I consulted with Nora [...]

Question: I am a divorced 60-year-old man. I will pay child support for about the next nine years. I have four children ages 13 to 22. I have a revocable living trust. But there seems to be a gap [...]

Question: Does it affect my Social Security if I keep working after beginning to take retirement benefits? Response: The following response is provided by Nora Yousif, a financial advisor with [...]

Question: Is there anything I can be doing now in my working years to help increase my future Social Security benefit? Response: The following response is from Nora Yousif, a financial advisor [...]

Charities often encourage donors to make gifts of retirement plans due to the tax benefits of doing so. Retirement plans, of course, are taxed when the funds are withdrawn. But, non-profit [...]

There are a lot of reasons you may want some or all of your retirement plan assets to go into trust for the benefit of your heirs, including: Estate tax planning. In a second (or subsequent) [...]

If you inherit an IRA or other retirement plan (401(k) or 403(b)), the rules on when you have to take your required minimum distributions can be complicated unless you are the spouse of the [...]

The rules around retirement plans have always been much too complicated and the SECURE Act has exacerbated the situation. Back in the day, your parents or grandparents may have worked for the [...]