The Wiser Wealth Blog
Charitable Remainder Trust Pros and Cons
What is a Charitable Remainder Trust (CRT)? A Charitable Remainder Trust (CRT) is an irrevocable trust designed to provide donors with income from donated assets while ultimately benefiting a charity. [...]
Avoid These 10 Common Retirement Planning Mistakes
Retirement is one of the most significant milestones in life, yet many people find themselves unprepared when they reach it. The good news is that with careful planning, you can [...]
The Benefits of Utilizing a Health Savings Account
In today’s ever-evolving healthcare landscape, finding ways to effectively manage your medical expenses while also saving for the future is more important than ever. One powerful tool that often goes [...]
IRS Clarifies 10-Year Rule for Retirement Account Beneficiaries
The IRS recently issued guidance on the annual distributions for beneficiaries of retirement accounts. The 10-Year Rule for inherited retirement accounts was created as part of the SECURE Act, which [...]
Tax Advantages of a Generation Skipping Trust (GST)
A Generation Skipping Trust (GST) is an estate planning tool used to transfer assets to grandchildren, great-grandchildren, or non-related individuals who are at least 37.5 years younger than the grantor. [...]
Ways to Save for Your Child’s College Education
The cost of college education and accompanying expenses have soared. The earlier you start saving, the better prepared you'll be for future costs. There are numerous ways to save for [...]
Should I be a joint tenant on accounts with my aging parent?
Adding yourself as a joint tenant on your aging parent's accounts might seem like a simple solution to manage their finances. It offers some advantages, such as easy access to [...]
Real Estate Syndication Investment Cautions: Insights from a Fee-Only Financial Planner
I spent 12 years in commercial aviation, and it always amazed me how the confidence in handling a commercial airliner extended to other areas of a pilot's life that they [...]
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