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Pour Over Will: Definition & How It Works | [Your Company Name]
A pour over will is the term used to describe an estate in which all assets are transferred directly into an established trust. When someone creates a pour over will, they are protecting their a
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QTIP Trusts: Requirements & Tax Benefits for Married Couples
A QTIP trust is set up to transfer a bulk of a grantors estate without paying transfer taxes. These trusts have certain requirements. QTIP Trust Requirements First, for the trust to be recognize
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Saver's Tax Credit: Eligibility, Contribution Limits & Benefits
If you contribute to a retirement plan such as a 401K, you may be eligible to receive the Saver’s Tax credit. The Saver’s Tax credit is a tax credit that is provided to households, a
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Substantially Equal Periodic Payments (SEPP): Early Retirement Options
Substantially equal periodic payments is a system that allows an individual to start withdrawing money from a retirement account before hitting the age of 59 1/2. With this system, an individual
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Understanding Supplemental Executive Retirement Plans (SERP)
The Supplemental Executive Retirement Plan is a type of retirement plan that is offered by certain companies in order to provide additional retirement benefits to upper-level executives in the c
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Testamentary Trusts: How They Work & Key Considerations
A testamentary trust is a type of trust arrangement that is initiated from the specific requests of an individuals will. When the person dies, the trust is then set up and is funded with the app
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Social Security Benefits for Spouses: Eligibility & Options
Social Security spouse benefits are a type of benefit that you can receive as the spouse of an individual who is on Social Security. This benefit is designed to provide couples with additional m
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Maximize Retirement Income: Strategies for Sustainable Spending
The goal of a successful retirement plan may be to spend every penny in your savings prior to your death. Since the tax to pass on retirement savings is high, this option is viable for most peop
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Small Business 401(k): Eligibility & Benefits Explained
Historically, small businesses have not adopted 401k plans because they have not presented favorable tax advantages. This changed with the Economic Growth and Tax Relief Reconciliation Act of 20
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Understanding Pension Funds: Your Retirement Savings Explained
A pension fund is a financial institution that is chosen by your employer to control retirement fund assets and distributions. Pension funds are invested in various securities over time and disb
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Is Your Retirement Plan on Track? 3 Warning Signs to Watch For
Having the proper retirement investment plans in place is critical if you want to be able to retire comfortably. If your investment plan goes off track, it could cause significant damage to your
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SIMPLE IRA vs. 401(k): Which Retirement Plan is Right for Your Business?
The Savings Incentive Match Plan for Employees (SIMPLE) IRA is an alternative to offering your employees a 401k account, and the comparison of a SIMPLE IRA vs 401K is imperative for businesses.
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SEP IRA vs. 401(k) for Small Businesses: Which is Right?
The Simplified Employee Pension, (SEP) IRA, and 401k are both excellent retirement vehicles for small business employers because they offer low documentation and low costs set up fees. Both plan
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Retirement Income Tax Planning: Strategies for Seniors
You will be required to pay income taxes in your retirement. Any income you receive during that period, including Social Security payments, pension payments and retirement fund withdrawals will
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Choosing the Right Retirement Plan for Your Small Business: 401(k) vs. IRA
Today, there are a number of small business retirement plans that offer relatively small amounts of paperwork and overhead. Historically, a small business owner would have difficulty providing a
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Retirement Planning for the Self-Employed: Strategies & Solutions
If you are self-employed, saving for retirement can become more difficult. Many large companies offer benefits to employees, including retirement plans. Large companies can do this because they
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Understanding Pension Plans: Retirement Benefits & Employer Contributions
A pension plan provides payments in the form of retirement benefits or disability compensation, and it can provide payments to the beneficiary of a former employee following his or her death. Th
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457(b) Retirement Plans: Eligibility & Employer Requirements
The 457 retirement plan is offered by both government and non government employers. In most ways, the 457 plan is very similar to a 401k or 403b plan. However, there are some differences in the
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Canada Home Buyers' Plan (HBP): Borrow from Your RRSP
The Home Buyers Plan (HBP) is a program that allows Canadian residents to borrow up to $25,000 from their Registered Retirement Savings Plan (RRSP) for the purpose of purchasing or bui
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412(i) Retirement Plans: A Comprehensive Overview
A 412i is a defined benefit retirement plan that has been around since 1974. A well-structured 412i plan will incorporate both life insurance and annuities, with the majority of the contributio
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- IRA Rollovers: Rules & Restrictions for a Smooth Transition
- Pensions vs. Life Insurance: Understanding the Key Differences
- 401(k) vs. Roth IRA: Strategic Contribution Balancing for Retirement
- Maximize Your Social Security: 3 Reasons to Delay Benefits
- Alabama Pension Fund Acquires iPic Entertainment in Bankruptcy
- Retirement Plan Beneficiary Options: A Guide to Distributions
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Calculate MIRR on Your Financial Calculator: A Step-by-Step GuideHow to Calculate MIRR (Modified Internal Rate of Return) on My Financial Calculator Warning Different financial calculators may have different key labels and may require you to input the calc...
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Perpetuity Explained: Investment Definition & CalculationHome Finance Corporate Finance What is Perpetuity? – Make Smarter Investment Decisions What is Perpetuity? – Make Smarter Investment Decisions Rel...
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Apple's 'Pay Later' & Retirement Savings: A Novel Approach?Here are a few things we’ve been tossing around the blooom (virtual) office this month… — Apple developing ‘Pay Later’ service to let customers buy any Ap...
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China's Banking Sector: Crisis Risk and Government ResponseA variety of indicators suggest that China has come perilously close to a banking crisis. So far, the government has managed to keep things in check. A state-le...