Posts by AmericasRetirementPlan
DOL Confirms Cybersecurity Guidance Application: Tips for retirement and health and welfare plan fiduciaries to stay vigilant
On Friday, September 6, 2024, the U.S. Department of Labor (DOL) confirmed that its 2021 cybersecurity guidance extends to all employee benefit plans, including health and welfare plans. This clarification, issued through a Compliance Assistance Release, underscores the importance of robust cybersecurity practices across all sectors of employee benefits, not just retirement plans. The retirement…
Read MoreThe Proposed “Tax Hike” on Middle Class Retiree Homeowners That No One Is Talking About.
By now you’ve probably heard quite a bit about the different economic proposals from the presidential candidates Kamala Harris and Donald Trump. While the left and right media continue to beat up each other’s proposals and even to a large extent lie about how the presidential candidates’ proposals will affect you economically, there is one…
Read MoreFall Season: 5 Steps to a Secure Financial Future Take action and position yourself for a financially healthy winter and beyond
As the days grow shorter and the temperatures cooler, we are officially in the fall season—a time often associated with preparation, change, and reflection. Just as we prepare our homes for colder weather or harvest the final fruits of summer labor, fall is an ideal time to evaluate and prepare your financial future. Here are…
Read MoreIn an Era of Fakes, How to Know When Someone Online Is Real
You’re on Facebook, LinkedIn or X and get a message. Maybe it’s from a stranger in your industry, maybe someone from your hometown claiming to know you from way back when. The person wants to reconnect or get your advice. This could all be wonderful. Or it could be the start of a scam. Unfortunately, security…
Read MoreFamous Estate Planning Blunders
By Elaine Floyd, CFP ® Celebrities have enough money to hire the best estate planning lawyers. You would think celebrities, of all people, should have ironclad estate plans that keep their affairs private, leave money and possessions to the people they love and the charities they care about, and take advantage of legal ways to avoid…
Read MoreFall Season: 5 Steps to a Secure Financial Future – Take action and position yourself for a financially healthy winter and beyond
As the days grow shorter and the temperatures cooler, we are officially in the fall season—a time often associated with preparation, change, and reflection. Just as we prepare our homes for colder weather or harvest the final fruits of summer labor, fall is an ideal time to evaluate and prepare your financial future. Here are…
Read MoreThe Unique Advantages of Special Needs Trusts: A vital solution for your loved ones without jeopardizing their public benefits
A Special Needs Trust (SNT) is a crucial financial tool designed to benefit individuals who rely on needs-based public assistance. These trusts enable beneficiaries to maintain their eligibility for public benefits while receiving additional financial support from an inheritance. For clients with dependents or loved ones who receive public benefits, an SNT can offer peace…
Read MoreA Financial Checklist as Summer Starts to Fade: Key questions to ask to strengthen your financial planning before year-end
As the warm days of summer begin to fade and the routine of fall approaches, it’s the perfect time for pre-retirees to revisit their financial plans. Whether you’re planning to retire in a few years or a decade, conducting a comprehensive review now can prevent last-minute surprises and ensure you’re on track to achieve your…
Read MoreWarren Buffett Gives Us a Preview of His Will
By Karen Langley (WSJ) Warren Buffett has refined his plans for giving away one of the great fortunes of the modern era. In an interview with The Wall Street Journal, Buffett—the chairman and chief executive of Berkshire Hathaway BRK.B -0.42%decrease; red down pointing triangle—said that after his death nearly all of his remaining wealth will go to a new…
Read MoreA Qualified Terminable Interest Property Trust: A useful tool in your estate planning toolbox that you might not know about
A Qualified Terminable Interest Property (QTIP) trust is a specialized, irrevocable trust designed to provide for a surviving spouse while maintaining control over the ultimate distribution of assets. Commonly used in comprehensive estate planning, a QTIP trust allows an individual to ensure their spouse is financially supported while guaranteeing that the assets eventually pass to…
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