For traditional 401(k) plans and IRAs, you generally get a tax break when you make contributions and then pay taxes on the withdrawals in retirement. In contrast, Roth versions of those accounts come with no upfront tax break, but qualified withdrawals are excluded from federal income taxes.

Losing a loved one can be difficult and overwhelming. The emotional toll is steep, and several time-consuming details need to be addressed. Even if the loved one left a detailed plan, it is not uncommon to miss a few things that must be handled.

Your estate plan is much more likely to be successful, when you recognize and avoid the most common mistakes and take some key actions that often are overlooked.

I know of someone who was joint account holder with his dad for many years, then later his dad then appointed him as power of attorney. How does that work? Is the son still a joint account holder?

When a loved one passes away, there are usually various arrangements that need to be made. One of the tasks to oversee will involve reporting the death to the Social Security Administration.

If you want loved ones to remember you fondly, tackle your estate planning tasks. Your heirs will thank you for not leaving a legal mess to sort out.

If you rely on prescription medications to stay healthy, Walmart is offering a new perk that could cut your costs.

The Wealth Advisor’s recent article entitled “Beware of These Common Estate Planning Scams” advises you to avoid these common estate planning scams. Cold Calls Offering to Prepare Estate Plans. Scammers call and email purporting to be long lost relatives who’ve had their wallets stolen and are stranded in a foreign country. Seniors fall prey to…

Probate survives as a procedure originally implemented by the King of England to protect his citizens from themselves and their greed.

Scams target people of all ages, but the most vulnerable tend to be older adults—and the money they lose can have a big impact on their retirement.