Six Tips for Managing An Inheritance

Posted by Richard on June 14, 2013

  A sizeable inheritance can represent a life-changing opportunity. Here are six tips to help you prudently manage your windfall. Tip 1: Consult With a Financial Professional and Tax Professional Depending on the type of inheritance (e.g., investments, life insurance, retirement account), you could be dealing with substantial federal and/or state inheritance taxes. Working with […]

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Custodial Accounts: A Way to Transfer Wealth

Posted by Richard on

  Setting up a custodial account can be a savvy move for adults who want to gift their assets and help their children become financially independent. They are simpler to set up than trusts. But there are many considerations — and consequences — to weigh before opening an account. Here are some key points to […]

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Inflation Rates Keep Falling: How Long Can It Last?

Posted by Richard on

  Economists and market watchers have been warning investors about the prospect of increased inflation since the housing bubble burst in 2007. But the inflation rate keeps going lower, not higher. As of April 30, 2013, the Consumer Price Index (CPI) stood at a paltry 1.1%, under the Federal Reserve’s target of 2% annually.1 Why […]

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How To Calculate Your Retirement Needs

Posted by Richard on

  Calculating a retirement savings goal is one of the most important steps investors can take to help determine if they are on track to meet that goal. However, less than half of American workers have tried to figure out how much money they will need ┬át0 accumulate for retirement.1 And the wide majority of […]

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