Financial institutions and brokerage firms occasionally recommend that client accounts be structured as joint or beneficiary-designated accounts without full consideration of the impact on the ...

One of the biggest myths and misconceptions of estate planning is that a will controls the disposition of all one’s assets at death. This is not the case. Failing to distinguish the difference between ...

Making sure affairs are in order and checking in from time to time is key when it comes to protecting loved ones. Ensuring your beneficiary information is updated is one way to help your loved ones ...

The so called “stretch IRA” allows designated beneficiaries to extend required minimum distributions and the tax deferral over their life expectancy based on their age in the year after death.

The RMD (required minimum distribution) rules for IRA and plan beneficiaries have gone through so many recent changes that it’s not surprising that advisors have lots of questions on which RMD rules ...

Get Morningstar's essential reading for financial professionals in Advisor Digest. The Secure Act of 2019 created a confusing new array of different “required minimum distribution rules” for “plain ...

Why is it important to keep your personnel information up-to-date? A completed and witnessed designation of beneficiary form, with rare exception, may override any designation of beneficiary stated in ...