Overview
of estate planning essentials in Washington State.
Outline of a typical Will for a married person with children.
Compares a Will and Living Trust. Explains importance
of a Credit Shelter Trust. WA & Federal Estate
Taxes planning is discussed. Lists non-probate assets
like IRAs that pass by beneficiary designations outside
your Wills.
Describes
an index and an index mutual fund. Lists 7 advantages
of index funds over actively managed funds. Compares
various indexes & index fund families and identifies
the best ones. Tables show how index funds outperform
most actively managed funds. Discussion of the new
Exchange Traded funds (ETFs) and how they are superior to
other types of funds.
WARNING:
The
tax and other laws change rapidly. Some of the information
in the above reports may be out of date when you are reading
it. The above reports are intended as general information
only. Everyone's situation is unique, and some of the information
& ideas presented may not fit your family's precise needs.
You should consult with a financial professional before taking
any action!!
Discusses
different type of risks including volatility, underperformance,
and investor behavior. You need not feel like you are riding
a rudderless boat down a wild river. There are many
key aspects which you can influence and change. This
report tells you how to substantially reduce your risks
by acting like an entrepreneurial investor and managing
the things you can control.
A
two page table compares the ways to save money for your
child's college education including UTMAs, 529 Investing
programs, a Child's Trust, other Trusts, Education IRAs,
US Savings Bonds, and taxable accounts. Stories of
four different families show the various methods they used
and how each met their unique needs and goals.
The
types of plans available. Compares SEPs, Regular IRAs, Roth
IRAs and Simple IRA Plans. Types of investments allowed in
your plan. Summary of the minimum withdrawal rules.
How you can withdraw money penalty free before age 59 1/2.
Describes the rules for orderly distributions upon the death
of a plan owner. How to use a Roth in estate planning.
