Congress has passed, and the President has signed, a spending bill that includes the SECURE Act, which makes a number of changes in retirement planning rules. Here are some highlights:
1. Minimum distributions from IRAs and retirement plans, required to
Personal Wealth Law News
Personal Wealth Law News, published by Saul Ewing Arnstein & Lehr, focuses on legal issues related to personal financial planning and wealth management. The blog covers topics such as retirement planning and legislative changes affecting retirement accounts, strategies for preparing financially for retirement, protections against financial scams targeting seniors, estate planning tools like spendthrift trusts, and practical advice for managing household financial responsibilities. It addresses concerns relevant to individuals and families seeking to secure and manage their wealth effectively, including tax implications, asset protection, and navigating government benefits like Social Security and Medicare.
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How To Prepare For The Retirement Years
By rlouis
How To Prepare For The Retirement Years
Ages 25, 30, 35, 40 – save more spend less
Save as much as possible on a pre-tax or tax-advantaged basis
(Why think about retirement at these young ages? Because, with a…
Scams, Hard and Soft, Plague Seniors
By rlouis
I have had a few clients caught up in scams of the Madoff variety, but fortunately not for large sums. The most common reaction when this happens is embarrassment, that someone who is intelligent could be caught by something that…
Does Your Spouse Know?
By rlouis
In most households, there is one spouse who handles financial matters- paying bills, filing tax returns, planning retirement income. While division of labor might be great, there could be problems if the “non-financial” spouse is the survivor- he or she…
Protect Your Loved Ones With a Spendthrift Trust
By lcarpenter
Providing for the people who matter most to you is one of estate planning’s overarching goals. An inheritnace can go a long way toward ensuring the security of your partner, spouse, or children after you’re gone. But sometimes our loved ones need…
Financial Responsibilities For Widows and Widowers
By rlouis
A client visited today and asked what advice we give to husbands and wives about financial responsibilities when one spouse has died. It’s still often one spouse’s task to pay bills and make household arrangements, and if that spouse dies…
When Should You Write Your First Will?
By lcarpenter
Like most people, members of the LGBTQ community often wait until after a major life event before meeting with a lawyer to plan their estates. The adoption of a child, the death of a loved one, or the approach of…
Who Inherits Your Frequent Flyer Miles?
By lcarpenter
What will happen to your frequent flyer miles when you’re gone? Will your spouse, partner, or someone else you care about be able to use and enjoy them? The airlines’ rules are not always clear-cut on the matter. But with…
New Estate Planning Resources for Florida Residents
By rlouis
One of the many benefits of Saul Ewing’s recent merger with Arnstein & Lehr, now Saul Ewing Arnstein & Lehr, is that we now have offices in Miami, Fort Lauderdale and West Palm Beach, Florida. Many people living in the…
Spending in Retirement
By rlouis
An article in the September 4, 2018 Wall Street Journal discusses the question of what people will spend in retirement. Its author is connected with something called the Center for Advanced Hindsight, which I suppose is humorous. The article indicates…