Vistica Blog
Trusts and Special Needs Planning: Provide for Loved Ones Without Jeopardizing Benefits
Caring for a loved one with special needs requires careful financial planning. Many government assistance programs have strict income and asset limits, meaning that leaving money directly to a loved one can disqualify them from essential benefits.
A Smart Retirement Strategy: Coordinate Social Security and Pension Benefits
Retirement planning involves saving and strategic coordination of income sources. Social Security and pensions are two significant streams of retirement income. Understanding their interaction can maximize financial security.
Financial discussions with your parents: A crucial step toward securing their financial well-being
Discussing finances with your parents can be challenging, but ensuring their financial security and preparing for future responsibilities is critical.
Managing Your Retirement Plan During Times Of Inflation
It doesn’t make headlines like a stock market crash, but inflation quietly chips away at the purchasing power of your savings.
Should I Convert My IRA to a Roth for My Disabled Child’s Inheritance?
When planning for a disabled child’s inheritance, parents and guardians face complex financial decisions. One is particularly impactful: whether to convert a traditional IRA to a Roth IRA.
Avoiding Pitfalls: How Assets Can Impact Your Child’s Government Benefits
For families of children with disabilities, managing assets to preserve government benefits requires careful planning. Programs like Supplemental Security Income (SSI) and Medicaid are essential resources that provide financial and healthcare support.
Understanding ABLE Accounts: Saving for Your Child’s Future Tax-Free
Planning for a child with disabilities involves unique financial challenges. Beyond meeting daily expenses, families often need to save for long-term goals while ensuring eligibility for essential government benefits like Supplemental Security Income (SSI) and Medicaid.
Secure Act 2.0’s Impact on Inherited IRA Money for Disabled Loved Ones
The Secure Act 2.0 brought a series of changes that directly impact how families plan for the future of their disabled loved ones.
Understanding When to Take Your Required Minimum Distribution
Retirement accounts offer tax benefits that help your savings grow, but eventually, you have to start withdrawing from them, a process that begins with Required Minimum Distributions (RMDs).
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