This is the most advanced topic I have written for my public readers. But it can be an important topic, so hang in there.
According to conventional wisdom you should always name your spouse as beneficiary of an IRA. But if you are at all interested in asset protection that may … Continue Reading
For many people, this may be a great time to kill a traditional IRA. Dismantle it. Take it down. Cash it in. Or at least start that process and save thousands of tax dollars doing it. Especially as we head into the home stretch of the year.
Many of my financial advisor friends … Continue Reading
You now understand the basics of annuities because you read Banish Annuity Confusion in 5 Minutes (If you haven't read it and you aren't an annuity expert, you better go back and read it now). But how can annuities help (or hurt!) you when considering either Medicaid or VA … Continue Reading
Tales From The Mason Law Horror Files . . .
Once Upon A Time . . .
Margaret and Jim Anderson raised their three children, Princess, Bud and Kitten in the 1950’s and 1960’s in the Greystone area of Asheboro, North Carolina (a leafy post-WW II neighborhood of 3 and 4 bedroom … Continue Reading
What does cashing in an IRA, or perhaps converting to a Roth IRA, have to do with Medicare premiums? Maybe a lot . . . a lot of your money.
Occasionally a person going into a nursing home may have to cash in an IRA. In other situations converting a traditional IRA into a … Continue Reading