Financial Blog

Beneficiary Mistakes
Beneficiary Designation Mistakes Can Cost You

Most of us have filled out beneficiary forms for IRAs, retirement plans, bank accounts, life insurance policies as well as other financial instruments.  While it seems simple enough, these are some of the most important financial decisions we make.  In a recent Private Letter Ruling from the IRS, we learn of a situation where mistakes were made with beneficiaries that ended up in disaster. Fact Pattern Husband has an IRA

Continue Reading

Recent Posts

The Peril of In-laws
The Perils of In-Laws

You’ve worked hard and have accumulated assets that will benefit the next generation, namely your kids and grandkids. Throughout this

Read More

Financial Blog

Beneficiary Mistakes
Beneficiary Designation Mistakes Can Cost You

Most of us have filled out beneficiary forms for IRAs, retirement plans, bank accounts, life insurance policies as well as other financial instruments.  While it seems simple enough, these are some of the most important financial decisions we make.  In a recent Private Letter Ruling from the IRS, we learn of a situation where mistakes were made with beneficiaries that ended up in disaster. Fact Pattern Husband has an IRA

Continue Reading

Recent Posts

The Peril of In-laws
The Perils of In-Laws

You’ve worked hard and have accumulated assets that will benefit the next generation, namely your kids and grandkids. Throughout this

Read More