When I was a kid, I would often dream about what it would be like to be a millionaire. I remember watching cartoons like Richie Rich and shows such as Lifestyles of the Rich and Famous and imagining what it would be like to have seemingly unlimited amounts of money. [...]
Believe it or not, the average Baby Boomer is now 71 years old. That means many are approaching the age when required minimum distributions (RMDs) begin. Perhaps this is why there has been an aggressive industry-wide push encouraging seniors to convert their traditional 401(k)s and IRAs into Roth accounts. Driven [...]
A common question I’m asked is whether trusts are worth the cost, and if so, whether one is actually necessary. The most honest answer is: it depends. Every situation is different, which is why it’s important to speak with a financial professional before considering this type of estate planning strategy. [...]
