Can a Trust Transfer an IRA to a Trust Beneficiary?

From: www.morningstar.com

Here’s a question I get at least once a week: “I’m dealing with a trust that holds an inherited IRA. Can the trustee transfer that IRA out to the individual beneficiary(ies) of the trust?” The unspoken part of the question is, “….without triggering an income tax?”

The simple answer is yes, in most cases a trustee can transfer an inherited…

4 Ideas for Protecting Your Assets

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

What lies ahead?

It’s impossible to predict the future, but that doesn’t mean you have to feel caught off guard during times of uncertainty.

In particular, when it comes to safeguarding your wealth, there are steps you can take to help protect your assets and find peace of mind.

Here are a few good practices to be aware of.

Do you want to sell your investment properties?

Many property investors want to sell their units after discovering highly favorable market conditions. Selling the properties isn’t usually an exit from investing altogether. Instead, you can put the profits to work and invest in new properties.

Sometimes the conditions are not favorable, yet you still see the need for selling your assets. For instance, you could notice that particular rental units are driving down the performance of…

These 3 Expenses Can Surprise Retirees

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Have you thought about the expenses you might have during retirement that weren’t an issue during your working years?

You’ve probably considered whether your overall expenses will be higher, lower or the same, but you may not have dug into the details yet.

Here are a few costs that can sometimes catch retirees off guard.

Income Taxes

While your 401(k) balance…

Three Reasons to Consider Municipal Bonds

From: www.lordabbett.com

Lord Abbett muni-bond experts highlight current trends in credit quality, supply/demand dynamics, and relative valuations

In a recent webinar with investors, a panel of Lord Abbett experts, including Partner and Director of Tax-Free Fixed Income Dan Solender, Portfolio Manager Greg Shuman, and Director of Municipal Bond Research Eric Friedland, outlined some reasons why municipal bonds remain a potentially attractive asset class…

The Road to a Tax-Savvy Retirement

A webinar by REAP’s David H. Morgan, MSFS, CFF, RMA, CEP®. Learn more about David here.

In this webinar learn how to protect your retirement from the IRS and avoid running out of money (even if you only have $250,000 saved). Including:

5 Tax Considerations to Keep in Mind

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

A new year brings new considerations for tax season.

What has changed since last year? What are a few things people often forget about or overlook?

While we still have time to get organized, here are a few details to keep in mind as you prepare to file this year.

Getting started. Gathering essential documents, such as 1099 forms,…

Looking Ahead: What to Consider for 2021

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

At the start of a new year, it often feels natural to go into planning mode and make sure your financial house is in order.

But, the ongoing pandemic and a changing political landscape may make uncertainty a common theme for 2021.

How can you plan ahead no matter what this year may bring? Here are a few…

5 Financial Mistakes Anyone Could Make

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

As you know, planning for the future and keeping your finances on track require regular vigilance and fine-tuning.

But when life gets busy, it’s surprisingly easy to forget about the basics. That’s why even the wealthiest among us can end up picking up less-than-ideal habits.

No matter your situation, it’s a good idea to keep these potential missteps in…

Minimizing the impact of market losses may be equally as important, if not more, than capturing 100% of market gains. That’s because, the bigger the loss, the greater the return needed to get back to the original starting point. As shown below, incorporating hedged equity strategies, such as Long/Short Equity, may help truncate drawdowns and reduce the long term impact of market declines.