Retirement Watch Weekly
Bob’s Journal for 6/4/20
Some Notable Events That Grabbed My Attention This Week I’ll make a live presentation at a MoneyShow’s Virtual Event next Wednesday, June 10, at 10:20 a.m. EDT, when I talk about “Important Recent Changes in IRAs and Other Retirement Planning Strategies You Must Know.” My Eagle Financial Colleague, Bryan Perry, and about 60 other investing […]
New Estate Planning Strategy: How To Use Life Insurance To Pay Estate Taxes
Sometimes the traditional strategies to reduce estate taxes are not practical or appealing. It might be difficult to give away an asset in increments over the years to make tax-free gifts. Or you might want to retain control of your assets for life. There are a lot of reasons why someone might not want to […]
Some Notable Events That Grabbed My Attention This Week
We’re starting to see the secondary effects of the pandemic. One surprising effect is higher prices for beer and soda, as explained in an article in The Wall Street Journal. These drinks literally have bubbles, and those bubbles usually are generated using carbon dioxide. Carbon dioxide is a byproduct of ethanol production. Ethanol is produced […]
The Economic Tug of War
Which side will win the tug of war?The economic future hinges on the answer to that question. On the one side is the unprecedented cessation of economic activity, but on the other side is the large infusion of fiscal and monetary liquidity. The Federal Reserve and the federal government flooded the markets and economy with […]
Here’s A Better Tax-Advantaged Investing Option
Most investors overlook an excellent way to earn higher after-tax income to finance their retirements.When “tax-advantaged income” and “retirement” are mentioned together, most people think of tax-exempt bonds or municipal bonds. Most bonds issued by state and local governments pay interest that is exempt from federal income taxes. But that shouldn’t be your only consideration […]
The Pandemic Reduces Social Security’s Solvency and Some Benefits
The coronavirus pandemic is going to have some serious, long-term effects on Social Security’s solvency and on the amounts paid to some beneficiaries. The trust fund that helps pay benefits to non-disabled Social Security beneficiaries is scheduled to run out of money in 2034, according to the latest annual report from the Trustees of Social […]
How to Name a Charity as an IRA Beneficiary
Leave it to the tax code to turn something easy into something complicated.One would think that naming a charity as the beneficiary of an IRA would be an easy thing. Name the charity as the IRA’s beneficiary or as one of the co-beneficiaries. It is as simple as that, right? Wrong. If you name the […]
Avoid the New Pitfalls of Naming Trusts as IRA Beneficiaries After the SECURE Act
IRA estate planning was revolutionized by the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Few discussions so far have focused on the major changes made for situations in which a trust is the IRA beneficiary. There are good reasons to name a trust as an IRA beneficiary. But the SECURE Act changed the […]
