How to Avoid Probate – Pay-On-Death or Transfer-On-Death

March 27, 2012 | By Steven DiGregorio

Using a payable-on-death or transfer-on-death account is the simplest way to keep assets out of probate. With either a transfer-on-death or a payable-on-death account, you are in control. The assets in the account pass directly to your named beneficiary and bypass probate, the court proceedings that validate your will after your death and transfers property […] READ MORE


Tax-smart Strategies for Retirement Income Distribution

November 17, 2011 | By Steven DiGregorio

The first wave of baby-boomers turns 65 this year, and that means millions of new retirees will begin to switch from accumulating a nest egg to drawing income from it. If you’re a boomer, it’s time to start thinking about how you’ll convert decades of savings into a lifetime stream of income, which accounts to tap first and […] READ MORE


When It’s OK to Tap Your IRA

April 14, 2011 | By Steven DiGregorio

You’ve been saving diligently for your retirement, but now you need some of that cash to cover today’s expenses. Can you get to it without incurring Uncle Sam’s tax wrath? In some instances, the answer is yes. When you take money out of an individual retirement account before you reach age 59½, the Internal Revenue […] READ MORE


Roth IRA 101 – The Basics

March 24, 2011 | By Steven DiGregorio

Take advantage of this tax-advantaged account to stretch your savings. I’ve received quite a few questions recently about how Roth IRAs work, so I figured it would be helpful to put several questions and answers together as an all-in-one Roth IRA guide.  Contribution limits Everything I read about preparing for retirement says to “save like […] READ MORE


Be Tax Smart with Retirement Accounts During Divorce

July 16, 2010 | By Steven DiGregorio

Getting divorced is a major financial transaction not to be taken lightly. As such, it can have serious tax implications, including some pitfalls you’ll want to avoid. This is especially true when it comes to splitting up tax-favored retirement accounts between you and your soon-to-be ex. You’ll need to plan ahead to make sure the […] READ MORE


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