by Arthur Geffen | May 15, 2019 | Life Insurance, Retirement Planning
Whether it’s lifetime income, tax deferral or the prospect of protection from falling markets, an annuity can sound like a good idea for many investors. But clients ought to bring plenty of questions and some skepticism to the table before they commit. “We know...
by Arthur Geffen | Jul 14, 2016 | Retirement Planning
Does your employer offer a 401(k), 403(b) or governmental 457 plan? If so, you may be able to set up a designated Roth account through your company’s plan. Then your Roth account will be allowed to receive designated Roth contributions that are taken out...
by Arthur Geffen | Mar 23, 2015 | Retirement Planning, RMD
A long time ago, I helped my dad set up his IRA account. Years later, after he had turned 70, I received an angry call from him. His tax person was telling him he was forced to take a distribution he didn’t want and, even worse, pay taxes on that unwanted...
by Arthur Geffen | Jul 25, 2014 | Retirement Planning
Murray Shusterman says he has no plans to give up law practice, though he is 101 years old. Shusterman still works at Fox Rothschild in Philadelphia, where his practice has focused on corporate and real-estate law, the Philadelphia Inquirer reports. “What?...
by Arthur Geffen | Jul 31, 2013 | Estate Planning, Estate Planning Solutions, Estate Tax, Retirement Planning
When crafting their estate plans, some people neglect to pay much attention to how best handle their retirement accounts. And that lack of attention to detail can create potential problems–such as higher estate and income taxes–for their heirs. Many...
by Arthur Geffen | Mar 18, 2013 | Retirement Planning
Taking money out early from your retirement plan can cost you an extra 10 percent in taxes. Here are five things you should know about early withdrawals from retirement plans. 1. An early withdrawal normally means taking money from your plan, such as a 401(k), before...
