Americans have a staggering $7.9 trillion in Individual Retirement Accounts. If you inherit a slice of that pie, be careful: The tax laws surrounding inherited IRAs are complicated and mistakes can be costly. So, do nothing until you study up on the tax rules. Is it a traditional pre-tax IRA or a Roth IRA? Did you inherit it from a spouse or someone else? Did you inherit an inherited IRA? All these factors determine how long you can keep the money in the IRA on a tax-deferred

What would happen if tomorrow you became seriously ill? What if you have a delimitating stroke? If you don't have a Durable Power of Attorney in place prior, then your family, including your wife, may not be able to have the necessary access to conduct your financial affairs. A power of attorney is a legal document authorizing another person to step in on your behalf and step into your financial shoes.. The transaction might be as basic as paying bills and handling insurance

As the high school graduation party comes to an end (and after searching the garbage for grandma’s graduation check that was accidently thrown away with the card), parents and graduates alike look ahead to the opportunities and challenges that await for these young adults. Their future is full of hope, and the parents are well deserved to share in this excitement. However, this time can also be very stressful, as parents want to make sure they are sending their children into