The Wiser Wealth Blog
Ways to Build a Legacy with Your Kids
Did you immediately think of money when you read the title? Or did your mind wander to your collection of state quarters or Star Wars figurines stored pristinely in boxes? [...]
How Does a Step-Up in Basis Work?
The step-up in basis is a powerful tool that can help manage the tax implications of inherited assets. By understanding and utilizing this provision, heirs can significantly reduce their tax [...]
How do I avoid paying gift tax?
When it comes to giving gifts to loved ones, nobody wants the additional concern of incurring a hefty gift tax. Fortunately, with strategic planning and a solid understanding of the [...]
Does a Qualified Charitable Distribution (QCD) reduce taxable income?
In recent years, Qualified Charitable Distributions (QCDs) have gained attention as a savvy tax strategy for retirees. A QCD allows individuals over the age of 70½ to donate up to [...]
Tips for Transitioning to Retirement as a Pilot
Retirement is a significant milestone for any professional but for pilots, age 65 can approach faster than you anticipate. It's important to make sure that you plan for retirement ahead [...]
What Should I Do with an Inherited 401(k) or IRA?
Inheriting a 401(k) or IRA can be a significant financial opportunity, but it comes with complex rules and considerations. It’s essential to make informed decisions to manage this new asset [...]
What are the disadvantages of a custodial Roth IRA?
The Roth Individual Retirement Account (IRA) is a popular investment vehicle, known for its tax-free growth and withdrawals in retirement. However, when it comes to opening a Roth IRA for [...]
Inheritance Scams: How to Protect Yourself and Your Loved Ones
Inheritance scams have become a prevalent issue, preying on individuals by exploiting their trust and hope. These scams can take various forms, but they typically involve fraudsters claiming you have [...]
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