Estate Settlement Process
Business First article by Braden Lammers It could be millions of dollars or a grandma’s photo album. But to heirs, the photo album often means more than the money. That’s according to officials with Hilliard Lyons LLC’s trust company operation in Louisville. “The...
74% of Americans Worried about Retirement Income
Accounting Today article by Michael Cohn Three-quarters of Americans are worried about having enough money for retirement, according to a new survey that found three out of 10 Americans are not saving for later years. However, 69 percent of the 2,286 adults surveyed...
With FATCA, IRS Hunts Offshore Tax Evaders
Forbes article by Robert W. Wood In a move tied to budgets, Canada’s Revenue Agency is cutting its top staff focused on international tax evasion. Cuts to experienced personnel who ferret out aggressive tax planning appear to be deepest, despite comments by MP Gerald...
How to Make a Million After Age 70
Bankrate.com article by Chris Kissell Just about all of us imagine the thrill of getting rich someday. There is an almost universal appeal to the notion of having enough money to sit on a beach and sip tropical drinks, or to travel the world while leisurely crossing...
How Your Ex-Spouse Could Inherit Most of Your Money
If you have a will — and you should have one — you may have executed it after years of putting it off. You’ve paid your attorney a lot of money and given serious consideration to make the right choices and ensure that the will is air-tight. Finally your will is...
Lost or Forgotten 401k?
If you’re one of the many workers who have quit their jobs at a record-setting rate during the pandemic, you may have forgotten your 401(k) plan along the way. When you quit a job, you can either leave your 401(k) with your old employer, cash it out, roll it over into...
Self Directed IRA Video
Qualified Charitable Distributions
What is a qualified charitable distribution? Generally, a qualified charitable distribution is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70½ or over that is paid directly from the IRA to a...
