We recently set up a special needs trust for for a family member. It is an important part of planning for the future of a disabled individual and has large consequences if done incorrectly. Special Needs Trust Special needs trusts, or supplemental needs trusts, provide the means to care for a disabled child (or adult) after the [...]
In Roth IRA Conversion Rules Highlighted Russ commented that his employer is starting a Roth 401k plan in 2008. The Roth 401k plans are relatively new and many people haven’t heard of them yet. Employers are slowly starting to offer them to employees. Let’s explore how the Roth 401k works, the benefits over the Roth [...]
We recently ordered the pictures taken at the hospital for our newborn. While ordering I was thrown a sales pitch on buying life insurance for my child. Last time I checked life insurance was to replace lost income. My children, while I love them dearly, are not really contributing to the bottom line of our [...]
