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Most retirees who turned 72 in 2022 must take the first required minimum distribution (RMD) from their retirement account by April 1, 2023, according to the IRS. The minimum distribution requirement applies to Individual Retirement Arrangements (IRAs), 401(k)s, and...
Do you have a plan for preserving your financial legacy? Are you protecting your beneficiaries and prepared to transfer your wealth to the next generation in the most tax-efficient and secure method possible? Having a carefully crafted plan in place ensures your...
Elder abuse consists of any action or inaction that intentionally harms an elderly person. These individuals may experience abandonment, neglect and self-neglect as well as physical, emotional, psychological, sexual and financial abuse. Have you ever visited an...
Drafting a will might sound like something for the very wealthy. However, if you have any assets, you need a will sooner rather than later. According to CNBC, only 33 percent of Americans have an estate plan. Leaving your affairs for your loved ones to deal with is...
For Media Are you in need of expert input for an upcoming article? Reach out to a member of the 2022 National Estate Planning Awareness Week Media Referral List. For Councils National Estate Planning Awareness Week was adopted in 2008 to help the public understand...
Certain citizens should convert their traditional IRAs to Roth IRAs. This move is sensible for individuals in higher tax brackets who plan to withdraw money. Such cash removals are tax-free. Retirement plan conversions ought to happen with tax savings front of mind....
As a parent, you may worry about providing for your child with special needs who will never achieve financial independence. Fortunately, Pennsylvania has various options to ease your concerns. These are among the most beneficial estate planning solutions to help...
Attorney James Ruggiero discusses Trusts on Your Financial Choices radio show with Laurie A. Siebert, CPA, CFP, AEP. Mr. Ruggiero is a recurring guest on this program. Episode: Trusts 101 Listen to the show: http://yourfinancialchoices.com/show/trusts/
If you have a child with special needs, you may think a lot about how to take care of them. You may also worry about how to make sure they are well-looked after when you are no longer around. While this can feel like a complex issue, there are solutions. Here are a...
Attorney James Ruggiero was a guest on the Lehigh Public Radio show "Your Financial Choices." The show, "Trusts 101," originally aired on June 8, on WDIY 88.1. The station is the NPR member for the Lehigh Valley of eastern Pennsylvania. Listen here.
