Metamorphosis into Retirement

Metamorphosis into Retirement

Retirement is an emotional transition as well as a financial transformation, a declaration of financial independence. After he retired at age 69, Washington Post financial columnist Stan Hinden wrote an occasional column for the paper called “Retirement Journal,” in...
IRAs: Traditional or Roth?

IRAs: Traditional or Roth?

IRAs have wonderful tax advantages. The traditional IRA offers the possibility of a tax deduction (depending upon one’s income and tax filing status) and full deferral of taxes on investment earnings until withdrawal. The Roth IRA does not give rise to a deduction,...
A Guide to Our Trust Services

A Guide to Our Trust Services

At their beginning in the 14th century, trusts were used to to defeat the rigid rules of passing on property and the taxes imposed. As the nature of wealth has changed, so has the nature of trusts. Today, trusts are flexible tools for managing financial assets, such...
Different Types of Trusts Explained

Different Types of Trusts Explained

Given the flexibility that comes with trust planning, no single vocabulary has emerged from describing the different types of trusts. The same trust with the same function can go by different names because different estate planners have created multiple monikers. Here...
Estate Planning and Second Marriages

Estate Planning and Second Marriages

According to a study from the Pew Research Center, about 40% of new marriages include one person who has previously been married. In some 20% of weddings, both partners have been married before. This has led to an increase in the number of “blended families,” with...