Inherited IRA for Non-Spouses
Rules and Tax Ramifications for a Non-Spouse Inherited IRA Beneficiary The regulations surrounding the inherited IRA for non-spouses can be tricky, especially with the new rules that were implemented as of January 1, 2020. If you are reading this and you inherited an IRA before this date, the old rules apply. For today’s article, we […]
Inheriting an IRA from Your Spouse
Understand the Rules and Tax Ramifications for You as a Beneficiary Inherited IRA rules for spousal beneficiaries can be overwhelming. There are various avenues you can take with different tax ramifications. To make matters worse, the decision on which path you take comes most likely during an incredibly difficult time of loss in your life. […]
Should I Pay Off My Mortgage or Invest?
At MDRN Wealth, We Can Help You Make This Critical Decision with Your Best Interests in Mind One of the biggest dilemmas that we see clients encounter at some point in their lives is whether they should pay off their mortgage, pay cash for their home, or invest the difference. For many clients, with our […]
What Do I Do With My Old 401(k)?
Know Your Options When You’ve Left an Employer-Sponsored Retirement Plan If you have recently left your job – or you have left a job in the past – there’s a strong possibility that you have an old 401(k) or another employer-sponsored retirement plan that you need to make some decisions about. Believe it or not, […]
Will vs. Living Trust
Understand the Key Features of Each of These Estate Planning Tools Perhaps the most-asked question in the realm of estate planning is this: Should I establish a will or a trust? The answer to this question can be complex and will vary based on your circumstances. However, in this article, we will hit on some […]
Restricted Stock Units (RSUs): What You Should Know
Learn How to Make this Employee Benefit Work for You Restricted Stock Units (RSUs) are a common form of equity-based compensation. They can be a great way for companies to make their employees feel more included and to increase retention. If you have RSUs or are considering taking a job with RSUs in the compensation […]
What Are Options?
Perhaps you have heard of options before. If you have, what comes to mind? For many, options can mean “risky”. While options certainly can be used for pure speculation, they can be used as a means to mitigate risk, generate income, and diversify your portfolio. Although interest in options trading has increased significantly over the […]
Turning Your Savings into Income That Will Last Your Retirement
Challenges to Retirement Income Planning and How to Overcome Them Living off your retirement savings whether you are nearing retirement or still years away from it is an issue that you want to plan for. You could very well be actively contributing to some sort of retirement account in order to address this. Whether it […]
What to Do with an Inheritance
An Inheritance can be a life-changing event. This time can be incredibly stressful as you may dealing with the recent loss of a loved one, closing out their estate, and trying to manage this inheritance. Take a deep breath because in today’s article you’ll find actions you can take to ensure that your inheritance is […]
Putting Too Much in Your Retirement Accounts
Does Your Savings Strategy Provide Enough Flexibility for Your Life? There is no doubt that saving for retirement is a vital piece of a financial plan when you are in the wealth and growth accumulation phases of life. Perhaps you have a company 401k that you are maxing out or maybe a SEP IRA if […]