Alhambra's Bob Williams explains why an Intentionally Defective Trust is a win-win for your estate and your beneficiaries.
If you have a Health Savings Account (HSA), there’s good news and there’s bad news for next year. The good news—in 2023 you’ll be able to contribute more than you have in the past. The bad news—the higher contribution limits are because of the highest inflation rate in more...
“Tower, this is Bill. I’m on the final approach to retirement and need landing instructions. Do you copy?”
“Roger, Bill. Sending course corrections now. Then you are clear to land.”
Retirement is not something that just happens when you tell your employer goodbye and walk out the door. It’s a constant...
It’s not often that politicians agree about anything, but in a rare vote in the U.S. House of Representatives, men and women, Republicans and Democrats, liberals and conservatives voted 414 to 5 in favor of the Secure Act 2.0, a series of changes to retirement savings plans. You can...
Since it was introduced in the early 1980’s, the employer-sponsored 401(k) plan has become one of the most common ways to save for retirement. Money comes directly out of your paycheck before taxes, the employer puts money into your account, and at retirement, you theoretically have a large pool...
You know you’ll have to do it someday. In fact, you’re probably looking forward to it; the day you sign up for Social Security and get the benefit of all the money that’s been taken out of your paycheck during your working years.
For the most part, signing up is...
My, how things have changed. When I was growing up, if you found out someone had a trust, well, that person must be rich—they must be a millionaire (that’s back when a million dollars was really worth something). Today, though, trusts of all kinds are a common planning tool...
“What the heck is it?” It’s not uncommon for something we used to know by one name now described by another word. When I was a kid, it was a swamp; today it’s wetlands. We used to re-use things; now they’re re-purposed. Improving something now means it’s re-imagined. The...
Your company offers a Flexible Spending Account (FSA) that allows money to come out of your check before taxes and then you use that money to pay for eligible out-of-pocket healthcare expenses. In 2022 you can contribute up to $2850. Great deal, right?
But there’s a downside to Flex Spending...
Alhambra's Bob Williams discusses Medicare's part in Long Term Care, and what to ask if you're considering long-term care insurance.