The Little-Known Tax on Roth 401(k) Distributions

2021-03-04T15:56:56+00:00March 4th, 2021|

There are two main types of employee retirement savings plans: the traditional 401(k) and the Roth 401(k). Distributions from a Roth 401(k) are usually tax-free, but there is a little-known situation where distributions can be taxed.

Gifts to Grandchildren: Gift Trusts

2020-11-24T21:42:00+00:00November 24th, 2020|

There are some serious drawbacks to many options for giving gifts to grandchildren. Either there are no tax or estate planning advantages, or you have no control of the funds (or lose control after a certain point), or the money could affect a grandchild's eligibility for financial aid.

Scammers and Senior Fraud in Missouri

2020-12-18T16:28:18+00:00March 20th, 2018|

Frauds and scammers are on the rise. The DOJ's Big Bust Proves it. Far too often, scammers in Missouri and across the US are getting the upper hand at the expense of seniors. Senior fraud in Missouri isn’t greatly different from other states. But the results are sometimes devastating. Aging adults and their families need [...]

Estate Planning for Seniors with Special Needs

2018-12-26T17:17:41+00:00April 24th, 2017|

Developmental Disabilities on the Rise What kind of preparations are important to make for aging adults with developmental disabilities? Because we’re seeing more children in these situations, we also expect to see adults, and aging adults with special needs. With autism, for example, reported to be on the rise, it’s a good thing that more [...]

“Mom, What Does Irrevocable Mean?”

2020-03-19T20:21:18+00:00December 1st, 2015|

Kids sometimes ask the strangest things, especially after watching TV ads. Eight year old Sally was watching TV one lazy Sunday morning when an interview aired between a local estate planning attorney and a news reporter. The topic was the irrevocable trust, a term Sally had never heard before. So she asked the smartest person [...]

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