Pending Legislation Could Affect Inherited IRAs – In a BIG Way

The first to be passed by the House of Representatives on Thursday, May 23rd, was the Secure Act, and there’s similar bill in the Senate called the “RESA” (Retirement Enhancement and Savings Act). Both bills would significantly change the retirement system in America, and both seek to pay for the expenses with revenue generated from pre-tax accounts changing hands from their Baby Boomer owners to their Gen X and Millennial non-spouse beneficiaries.

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July 9, 2019July 25, 2019

10 Things You Must Know About Retiring to Florida

As you sit there mulling a retirement in the South, approximately 1,000 people are already on their way to Florida today with all their household belongings. Should you join them?

Like many baby boomers approaching retirement age and hunting for a warmer climate to call home in their golden years, I too am on the prowl for a new locale, though my target date is further down the road. My wife and I scouted cities and towns in Florida for a possible landing pad — so I have some skin in the game.

But Florida isn’t all about the beaches, Disney World and the massive retirement community known as The Villages. I interviewed experts and residents for tips on what you need to know about moving to Florida. So grab an OJ and dive on in. The water’s warm, but…complex.

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September 18, 2018November 14, 2018

Farm Succession Planning: Saving the Family Farm

The farm has been in your family for generations and it’s time to prepare for the next generation to take over; farm succession planning. Some of the kids may not be interested, and others may think the farm is their God-given right. But unless everyone knows where the farm is now, where it’s going and how it’s going to get there, nobody will be happy in the end.

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August 7, 2018November 14, 2018

Farm Business Management: 10 Must-Dos for Succession Planning

Will your dairy farm business transfer to the next generation?

Business succession planning will help transfer those assets. The process requires a team of professionals such as a tax specialist, attorney, financial planner, and lender. Farmers can make this time with professionals more worthwhile and lead to better outcomes by doing homework.

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October 10, 2017November 14, 2018

ESTATE PLANNING: The Importance of Legacy Financial Planning

Is legacy financial planning or estate planning really that important?

Do you remember in the 1990’s when the famed Hotel Heiress Leona Hemsley left her fortune to her DOG? I do!

The importance of having a will and naming a trusted Executor is vital. This is a way of letting your family know you love them. The last thing you want is your loved ones trying to figure out what your wishes are on the worst day of their lives.

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