Family Matters, RMDs, Mailbag (Originally aired September 18, 2021)

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How Money Works Podcast

Business


We've  worked with people who have lost their spouse and are concerned about their financial situation.  Some things to consider include:Income gap (loss of Social Security or pension that dies with spouse)Now a single filer instead of joint filer on taxesSpousal continuation option on pensionsLeaving the kids a tax time bombNot communicating your plans in advanceInaccurate beneficiary designationsKids that aren’t prepared to responsibly handle wealth that they inherit