The CNBC Millionaire Survey has found that 38 percent of 750 millionaires surveyed have not consulted a financial expert to establish an estate plan. The poll conducted by Spectrem Group for CNBC revealed estate planning was the most prevalent among…
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When Heirs Count on Your Wealth as Their Retirement Plan
Having an estate plan and retirement plan protects you, but is often a sensitive topic for families. If your child or children count on your wealth as their retirement plan, you may feel even greater pressure to get it right. An…
Tagged with: CNBC, Elder Care Team, elder law, estate planning, Great Recession, HSBC, Michigan Retirement Plan Trust
The law does not require employers to provide workers with a 401(k), a defined-contribution retirement plan.
If an employer does not offer a 401(k), there are other investment options, including the traditional IRA and the Roth IRA Today, when it comes to providing a retirement plan for their employees, businesses large and small, have opted for…
Wealthy American Parents Face Inheritance Dilemma
Can a large inheritance do more harm than good? According to a new article from the American Association of Retired People (AARP), many wealthy parents still struggle with decisions about how much money should be left to their children, and…
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