This week I’m thrilled to share the expertise about life insurance of Ladicia Grosch, COO and Principal of Bridge Life, LLC. Ladicia partnered in creating Bridge Life in 2012. She has worked in the wealth transfer and life insurance industry for over eighteen years. Ladicia oversees company operations including compliance, human resources, financials, technology, and…
For those of you reading this to learn more about the Queen of Soul, Irma Thomas, get used to disappointment. If, however, you are hoping for a riveting read about Medicare premiums, you are in luck! IRMAA stands for Income-Related Monthly Adjustment Amount. It is the calculation that has people with higher means paying more…
…in the first year? That is a question. Not THE question – surely there are more important questions in life. But, with the new SECURE Act 2.0 moving the Required Minimum Distribution start date out yet another year, that old question may pop up again. To recap, the rule has always been that in the…
As the parent or grandparent of young children, you might be thinking about the best way to save for college. 529 plans, introduced in the 1990s, are a great way to shelter investment for college from taxes. BUT, as with all things there are drawbacks. One worry clients routinely express is, what if they overfund…
That’s right folks, our elected officials got something done in 2022 that has bearing on your everyday life. The passage of the SECURE Act 2.0 brings up some interesting planning opportunities for your finances. Since the name of my blog game is short-and-sweet, I’ll just hit a few highlights. Click on the article below for…
Many of you have done all the right things for your health and can look forward to a long and healthy retirement. Bad news for your financial planner! Why would I say such a horrible thing? Longevity means the nest egg needs to last longer. That could mean spending less each year and worries…
Yes, 2022 is quickly drawing to a close, but it’s not too late to help those non-profit organizations you love. Here are three quick tips for making the most of your charitable gifts for taxes. If you are age 70 ½ or older, you can take advantage of Qualified Charitable Distributions from your traditional IRA.…
Yep, your investments are down and so are your spirits. Those looking for a silver lining may be talking about tax loss harvesting. What does that even mean? Warning, if your money is all in retirement accounts (IRAs, Roth IRAs, 401(k)s, 403(b)s, this concept doesn’t apply. Tax loss harvesting is only for accounts where capital…
The IRS has done it again. Taken an already unfortunate new rule about inheriting IRAs and made it even worse. To recap, if you inherited IRA/Roth IRA/Workplace Retirement Account money from someone who died in 2020 or after, the SECURE Act states that you must take that money out of the account within 10…
To find it? Recently I read an article about the U.S. Will Registry. It’s a free website where you can upload either the will/trust documents themselves or just say where you have your estate plan stashed. And who is allowed to see it. This seems like a great idea just in case: Your will…
