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- The New York Times
As the United States faces the greatest wealth transfer in history, some people are turning to therapists to help them pass on their assets in a way that preserves harmony.
- Broadridge Content
Anyone with earned income can have an IRA. The difference may be in deductibility.
- Broadridge Content
A profit-sharing plan is a type of qualified defined contribution plan in which you, the employer, contribute to the accounts of participating employees. As the name implies, your employer contributions are generally (but not necessarily) tied to your business's profits, allowing employees to "share" in those profits. Annual contributions to the plan may be discretionary (you need not contribute anything at all), or may be based on a specific formula related to your annual profits.
- Broadridge Content
Gifting can be a powerful estate planning tool, allowing you to transfer your wealth to others during your lifetime. Lifetime gifts have many advantages over gifts you might leave in your will (these are called bequests, legacies, or devises). You might find making lifetime gifts desirable for nontax reasons (e.g., personal gratification), or perhaps you'll make lifetime gifts for tax purposes (e.g., taking advantage of the annual gift tax exclusion), or your estate planning objectives may be the outcome of both nontax and tax factors. You'll want to figure your own personal desires and the tax implications of making lifetime gifts to fully clarify your estate planning objectives. When you have selected what property to give, the process of completing the transfer may be fairly simple (e.g., giving cash) or more complex (e.g., transferring ownership of a business). Make sure that you follow through and properly transfer ownership (e.g., change name on titles).
- Investopedia
The banning of Canadian products is an escalation in a trade war that economists say pushes up prices for consumers on both sides of the U.S.-Canadian border.
- Broadridge Content
SIMPLE plans may appeal to small business owners and the self-employed.
- Investopedia
Today’s retirees are spending far more than their parents did.
- Broadridge Content
Anyone can convert a traditional IRA to a Roth IRA; income taxes may be due.
- Financial Times
It offers not the opportunity to do nothing but to have the time to do things slowly.
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