Your decision about when and how to file for Social Security benefits can significantly change the money that goes into your pocket during retirement. Regardless of income levels, Social Security is a significant component of almost every retiree’s portfolio. For many, Social Security income is their largest source of lifetime retirement income. Today, full Social…
In April 2015, Governor Sandoval signed legislation establishing the Nevada ABLE Savings Plan, creating a new type of savings plan with parallels to the better-known 529 Plan. Established as 529A Plans, “ABLE” stands for Achieving a Better Life Experience. ABLE Act savings plans allow anyone, including a beneficiary, to contribute funds for the benefit of…
In mid-October news broke that basketball player Lamar Odom was found unconscious in a brothel and hospitalized in Las Vegas. In the early days of his hospitalization, it was determined that Odom’s divorce from reality TV star Khloe Kardashian was not yet final, leaving her as the statutorily determined decision maker regarding her husband’s health…
During your lifetime, you can designate the beneficiary of your choice to inherit your IRA. For most people with families, this would include your spouse, your children, and other individuals. However, you can also name a charity, a trust, or your own estate as a beneficiary of your IRA. In most instances, the beneficiary you…
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One of the most important estate planning decisions you will make is choosing guardian(s) for your minor children. The key issue is deciding what will happen if both parents pass away. If one parent survives, he or she will generally have primary authority over minor children. Without a parent, minor children will be raised by…
