OPPORTUNITIES FOR ABLE ACCOUNTS ARE BETTER THAN EVER
The law known as the Achieving a Better Life Experience (ABLE) Act has been substantially amended to provide additional opportunities for individuals with disabilities. The major opportunity is that prior to the amendments, an individual was not eligible to open an ABLE account unless his or her disability occurred prior to age 26. Now, this…
SPECIAL CONSIDERATIONS – FINANCIAL ADVISOR
Do you have a Financial Advisor? If you do, has the Financial Advisor prepared an Investment Policy Statement (IPS) for you? An IPS establishes your tolerance for risk and your goals for investment. A Financial Advisor can also be useful in assisting in obtaining an umbrella liability policy, which is almost always a good idea,…
PROTECTING YOUR RETIREMENT PLAN FROM THE DEATH TAX UNDER THE SECURE ACT 2.0
THE SECURE ACT The SECURE Act 2.0 passed by Congress and signed by President Biden became effective on December 29, 2022 with respect to some provisions. Other effective dates range through 2033. The Act applies to most employer-sponsored retirement plans and individual retirement accounts (“IRAs”). The original SECURE Act which became effective on January 1,…
The Impact Of Fundraisers On Beneficiaries With Disabilities – Begley Report
by Thomas D. Begley, Jr., CELA CRISIS AND KINDNESS In times of crisis, people often show just how caring humanity can be. Major humanitarian relief efforts respond to large-scale natural and unnatural disasters. Strangers donate time and money to individuals injured in tragic accidents. Often, the first instinct when you learn that someone is hurt…