Tips For Being An Executor (VIDEO)
Alhambra's Bob Williams offers tips on being the executor of an estate.
Ask Bob: Two Confusing IRA Designations
“What in the world does that mean?” I can’t tell you how many times I’ve been asked that question during almost 30 years in the financial industry. Clients naming beneficiaries on IRAs, 401(k) accounts, annuities, or insurance policies stop dead-in-their-tracks when asked to decide whether they want beneficiaries to receive proceeds from their account Per Capita or Per Stirpes. After [...]
Ask Bob: What is My Social Security Break-Even Age?
There’s an old axiom that says nothing in life is certain except death and taxes. True enough. But there’s one other thing that’s certain; we’re all going to retire—sometime. The number one retirement question I’m asked is, “What is the perfect age to retire?” Close on its heels is, “When should I start taking Social Security?” The Social Security question [...]
Ask Bob: Automatic Medicare Enrollment
Alhambra's Bob Williams tells you whether you are automatically enrolled in Medicare when you reach age 65.
What the Tax Man Requires After a Loved One Dies
Someone trusts you so much that they name you to settle their estate after they die. You’re honored they have that much confidence in you, but you don’t think much about what’s involved in settling an estate. Among the long list of items you have to deal with is settling the deceased’s tax bill. You may have to file just [...]
Ask Bob: Social Security Breakeven Age
Alhambra's Bob Williams describes Social Security Breakeven Age and how it can help determine when to begin receiving your Social Security benefit.
Ask Bob: Social Security and Working Past 70
Alhambra's Bob Williams describes how working past age 70, after delayed credits have stopped, can still increase your Social Security benefit.
Who’s Your Beneficiary? (VIDEO)
Who's the beneficiary on your accounts? If you haven't updated them in a while, if something happens to you, your money may not go where you want.
SPECIAL REPORT: The Definitive Guide to Medicare
There’s a common misconception that Medicare is a simple, automatic process when you turn 65. Nothing could be further from the truth. The responsibility to enroll is on your shoulders, and if you miss deadlines or don’t enroll in just the right way, you can incur penalties that will consume chunks of your retirement income for the rest of your [...]
The Estate Tax Exemption Amount Increases in 2022, BUT…
When the Tax Cuts and Jobs Act of 2017 became law, estate tax exemptions got a substantial boost. The amount each individual could pass on free of federal estate taxes jumped from $5,490,000 in 2017 to $11,180,000 in 2018. That amount has increased each year since then based on the Consumer Price Index. In 2022, the exemption rises from $11.7 [...]
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