Idaho Estate Planning - New Parent Tax Planning Could Include IRA for the Baby

The key to tax breaks for your child is a Social Security number, says Kiplinger. Its recent article, "The Most-Overlooked Tax Breaks for New Parents," shares some great opportunities to cut your tax bill as your family grows.You'll need an SSN to claim your new baby as a dependent on your tax...

Idaho Estate Planning - Don't Play Games with Your IRA Beneficiary Designation

The (Crystal Lake, IL) Northwest Herald states in "Rectifying the retirement minefield" that naming a beneficiary for your Traditional IRA or employer-sponsored retirement plan may be one of the most important financial decisions of your life. Your beneficiary will get the funds in your...

Idaho Estate Planning - Plan for The Bumpy Road to Retirement

A new TD Ameritrade survey says that bumps and detours along the road to retirement are the norm, not the exception, with two-thirds of Americans claiming their retirement planning has been disrupted by anything from major health bills or bouts of unemployment to business setbacks or divorce....

Idaho Estate Planning - IRA Trusts

There are many different types of effective trusts to accomplish specific things in retirement and estate planning. Unfortunately though, many people don’t ever consider the use of trusts because of the perception that they are only for the ultra-wealthy. Actually, trusts are used by millions...

Idaho Estate Planning - Roth IRAs

A recent Benzinga article, titled “Legacy And Estate Planning With A Roth IRA,” says you should think about not only the account holder's tax situation, but the heir’s as well and consider the tax burdens your heirs may inherit. When estate planning, keeping all parties in mind is...
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