Idaho Estate Planning - Make Planning Wisely Your New Years Resolution

The Las Vegas Review-Journal article, titled “7 ways to give your finances a facelift in January,”cites some things you can do this month to positively impact your finances all year.Establish an estate plan. If you have a spouse, kids, elderly parents—if you own your own home, a savings...

Idaho Estate Planning - The Supreme Court, Bankrupcy & Inherited IRAs

Creditors and bankruptcy attorneys will have an easier time going after inherited retirement assets, thanks to a recent US Supreme Court ruling.In Clark v. Rameker, the Supreme Court unanimously affirmed a lower court ruling in favor of bankruptcy trustee William J. Rameker. The Rameker decision...

Idaho Elder Law - IRA RMD, When To Withdraw?

Do you know when you can withdraw from your IRA? According to the tax law, from age 59½ to 70½ you are generally allowed to withdraw any amount you want from your traditional IRA without incurring a penalty or paying taxes on previously untaxed amounts. After you reach age 70½ you are...

Idaho Elder Law - IRA Stretching

What is a "stretch IRA" strategy? A recent Forbes article titled "Should I Force My Beneficiaries to Stretch My IRA?" discussed Stretch IRAs and their impact with two brothers, Wealth managers Tom and Robert Fross. In the article, Tom thought it best to leave beneficiaries the full range of IRA...

Idaho Elder Law - Wise Choices Regarding Your 401(K)

According to a recent Forbes article titled "Avoid This Common And Dangerous Retirement Blunder," when the retirement account balance hits a large figure like $100,000, people begin to think about borrowing against their 401(k) for a new car or a vacation. That is the first mistake many...
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