Posted by Nina Whitehurst | Aug 29, 2018 |
Okay, you have saved for retirement tax free for years. However, now it is time to think about the taxes.
You have been fortunate over the years to grow your IRA tax free. However, withdrawals from your traditional IRA is taxable income. You will have to make Required Minimum Distributions...
Posted by Nina Whitehurst | Jul 31, 2018 |
There are many keys to your income after retirement, including do you plan to travel? Or, what if your health care costs go up?
If you are trying to decide between Roth IRAs and traditional retirement savings, the key is knowing if your retirement income is going to exceed your present incom...
Posted by Nina Whitehurst | Jul 24, 2018 |
Companies offer retirement savings plans. However, the challenge can be in both saving and withdrawing.
Most employers offer 401(k) plans to employees, as a means of encouraging savings for retirement. Some are generous enough to offer matches, although there are fewer of those today than i...
Posted by Nina Whitehurst | May 25, 2018 |
Many elderly retirees have forgotten about retirement accounts that accumulated in their younger years.
There are many Americans who have a retirement account through an old employer, but they have forgotten about them. It is important to remember that when you leave a job that had a 401(k) ...
Posted by Nina Whitehurst | Mar 27, 2018 |
What you decide to do with retirement accounts, can be a major enhancement to your estate plan.
IRA retirement benefits can be used as a way to balance out other bequests and it can be used to support other estate planning goals. There are also tax implications to consider, according to ...
Posted by Nina Whitehurst | Feb 05, 2018 |
The entire staff of Shasta Legacy Law Center took the afternoon off yesterday to watch the Super Bowl. What an exciting game that was!
We also voted on best commercial.
Posted by Nina Whitehurst | Jan 23, 2018 |
Pensions used to be a main portion of the American benefits package, but times have changed.
Many companies in the U.S. did away with pension plans for their employees in the 1970s and switched to 401(k) plans.