What happens to my Roth 401(k) if I leave my job?

June 30, 2024 No Comments

A: A Roth 401(k) works like a traditional 401(k) plan, in that contributions are made through paycheck deferrals and assets held within the plan are tax deferred until they are withdrawn in retirement. However, a Roth 401(k) plan is a post-tax option; contributions provide no

What happens to my Roth 401(k) if I leave my job?

July 7, 2024 No Comments

What happens when a will and a revocable trust conflict?

June 30, 2024 No Comments

A: A revocable trust, by nature, is a living trust established during the life of the grantor; by definition, it can be changed during the lifetime of the grantor. Since the trust becomes operative before the will takes effect at death, the revocable trust takes

What happens when a will and a revocable trust conflict?

July 7, 2024 No Comments

What information does my employer have to give me regarding my 401(k) plan?

June 30, 2024 No Comments

A: Any employer who offers a 401(k) plan is required to provide, free of charge, each plan participant with a copy of the summary plan description, a copy of the summary annual report and an annual statement of the participant’s account. In addition, every participant

What information does my employer have to give me regarding my 401(k) plan?

July 7, 2024 No Comments

What is a family Limited Liability Company (LLC)?

June 30, 2024 No Comments

A: A family limited liability company (LLC) is formed by family members to conduct business in a state that permits such form of incorporation. The family LLC is a popular method to protect the assets of a family against claims by creditors, divide income among

What is a family Limited Liability Company (LLC)?

July 7, 2024 No Comments

What is estate planning?

June 30, 2024 No Comments

A: Estate planning involves making plans for the transfer of your estate after death. Your estate is all the property that you own. It can include cash, clothes, jewelry, cars, houses, land, retirement, investment and savings accounts, etc. Estate planning usually has several objectives and

What is estate planning?

July 7, 2024 No Comments

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