What to Know About Rolling a 529 Account Into a Roth IRA
As of 2024, you can roll over unspent funds from a 529 plan to a beneficiary-owned Roth IRA. This provision gives families a way to kick-start a young person’s retirement savings.
What You Should Know About the Medicare Tax
Medicare tax is an essential component of the United States tax system. It plays a crucial role in maintaining the solvency and functionality of the Medicare program.
Proper Estate Planning Reduces Issues of Probate
Sound estate planning can make the probate process run efficiently and smoothly, protecting your estate’s value and legacy and preserving your family’s well-being. An attorney can help mitigate the risks.
my Social Security Transitions to Login.gov
On July 12, 2024, the SSA announced a change affecting many account users. Those who created a my Social Security account before September 18, 2021, must transition to a different type of online account known as a Login.gov.
IRS Finalizes 10-Year RMD Rules for Inherited IRAs
After much anticipation, the Treasury Department and the Internal Revenue Service (IRS) have issued final regulations relating to the 10-year required minimum distribution (RMD) rule for people who inherit individual retirement account (IRA) assets.
M|S Partners Recognized by Best Lawyers for 2025
Congratulations to Moonan | Stratton partners Kristen Prull Moonan and Amy Stratton who were again recognized by Best Lawyers in America.
Estate Planning for Entrepreneurs and Business Owners
If you’ve created a business, you know that success doesn’t happen overnight. But do you know what will happen to your business if something unexpected impacts you or when you decide to step away?
Proposed Medicare Bill to Help Seniors With Medical Costs
In the ever-evolving landscape of health care, one critical challenge has been ensuring that Medicare recipients receive the coverage they need without undue financial burdens.
Promissory Notes and Medicaid Planning
A promissory note is normally given in return for a loan. Classifying transfers as loans rather than gifts can be useful because it sometimes allows parents to “lend” assets to their children and still maintain Medicaid eligibility.
11 Reasons You Need to Create an Estate Plan
Many people think that estate plans may be for someone else, but certainly not them. Here are 11 compelling reasons to set up an estate plan, no matter what your age or net worth.