Common Law Marriage and Your 401(k)
September 12, 2015
Some states (like CO) have very loose rules when it comes to common law marriage. Under the Employee Retirement Income Security Act (ERISA), your spouse must be named the beneficiary of some retirement plans like 401(k)s, so what do you do when a non-spouse could be considered a spouse under common law? Jim, Chris and Peter discuss this topic and also answer some very good questions from...
Listen NowPassing On “Tricky Assets” to Your Heirs
September 5, 2015
Jim recently read an interesteing article involving how to pass on “tricky assets” to your heirs. What do you do with things like pets, airline miles or vacation homes? Jim, Chris and Peter discuss how best to deal with these assets. Also during this show, Jim, Chris and Peter discuss HIPAA waivers and medical powers of attorney for college-age children and a Tax Court case...
Listen NowComplexity of Retirement Planning
August 29, 2015
Over the course of a week, Jim, Chris and Justin all found errors in nationally produced materials that are used to help with retirement planning. Justin found a mistake in Social Security-related software regarding non-covered earnings. Chris noticed an error in a Social Security publication about the Windfall Elimination Provision, and Jim found the software from a prominent Retirement...
Listen NowBucket Strategy of Retirement Planning
August 22, 2015
You know the adage, “If a tree falls in the woods and no one is there to hear it, does it make a sound”? Well, you can apply this same thinking to the stock market. If your portfolio falls 20%, and you don’t need the money, does it really matter? Jim, Chris and Peter discuss the bucket strategy of retirement planning, where the “buckets” are the accumulation phase,...
Listen NowERISA Rules
August 15, 2015
If you’re part of a blended family – listen up! ERISA, the Employee Retirement Income Security Act can have unintended consequences for retirement accounts, particularly when it comes to beneficiaries of these accounts when the original account holder passes away. In cases of divorce and remarriage, the beneficiary may not be who was intended. During this show, Jim, Chris and Peter...
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