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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "retirement planning"
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 Should We Pull All Our Money Out of Our Retirement Plans?
0
By Harry Margolis
In Retirement Plans
Posted February 9, 2021

Should We Pull All Our Money Out of Our Retirement Plans?

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 [...]

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 When Should You Start Collecting Your Social Security?
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By Harry Margolis
In Social Security
Posted March 15, 2019

When Should You Start Collecting Your Social Security?

As people begin to approach retirement, one of the most commonly asked questions is “when should I start collecting my Social Security check?” In this post, we’ll look at a usual case. In [...]

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 Should IRA be Payable to Trust if Beneficiaries are Minors?
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By Harry Margolis
In Retirement Plans
Posted September 10, 2018

Should IRA be Payable to Trust if Beneficiaries are Minors?

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 [...]

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 The Effect on Social Security of Continuing to Work After Retirement
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By Harry Margolis
In Social Security
Posted June 12, 2018

The Effect on Social Security of Continuing to Work After Retirement

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 [...]

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 How Can I Increase My Social Security Retirement Benefit?
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By Harry Margolis
In Social Security
Posted May 22, 2018

How Can I Increase My Social Security Retirement Benefit?

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 [...]

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 The Benefits of Making Charitable Gifts and Bequests from Your IRA
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By Harry Margolis
In Charitable Giving, Retirement Plans
Posted June 16, 2017

The Benefits of Making Charitable Gifts and Bequests from Your IRA

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 [...]

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 When You May Want Retirement Plans to be Payable to Trusts
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By Harry Margolis
In Retirement Plans
Posted May 26, 2017

When You May Want Retirement Plans to be Payable to Trusts

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) [...]

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 Treatment of Inherited IRAs
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By Harry Margolis
In Retirement Plans
Posted May 19, 2017

Treatment of Inherited IRAs

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 [...]

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 The Basic Rules of Retirement Plans Before and After the SECURE Act
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By Harry Margolis
In Retirement Plans
Posted March 31, 2017

The Basic Rules of Retirement Plans Before and After the SECURE Act

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 [...]

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 Protecting Your Retirement from Creditors and Divorce
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By Harry Margolis
In Asset Protection, Retirement Plans
Posted March 10, 2017

Protecting Your Retirement from Creditors and Divorce

As part of the bankruptcy law overhaul in 2005, Congress exempted retirement plans and pensions from claims by creditors, meaning that even if you have to declare bankruptcy, you will not have to [...]

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Categories
  • Asset Protection (32)
  • Charitable Giving (9)
  • Durable Powers of Attorney (34)
  • Estate and Gift Taxes (37)
  • Guardianship and Conservatorship (2)
  • Health Care Directives (12)
  • Irrevocable Trusts (8)
  • Long-Term Care Planning (136)
  • Non-Traditional Families (12)
  • Non-US Citizens (13)
  • Pets (3)
  • Practical Matters (15)
  • Probate (18)
  • Property in Other Countries (3)
  • Real Estate (30)
  • Retirement Plans (11)
  • Revocable Trusts (64)
  • Second Marriages (9)
  • Social Security (16)
  • Special Needs Planning (59)
  • Trustee (45)
  • Vacation Homes (3)
  • Wills (38)
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Putting off planning your estate?

This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book

Read Sample Chapters

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