Can you place restrictions on a financial gift to help prevent it from being spent irresponsibly? In this article, Howard Hook discusses trusts, gifting strategies, and the factors families should consider when transferring wealth to future generations.
Recent changes increased the age for Required Minimum Distributions, leaving many retirees wondering when withdrawals must begin. In this NJMoneyHelp article, Howard Hook explains the updated rules, calculation methods, and important RMD deadlines.
Having $2 million saved is a milestone, but the next steps depend on your retirement goals and tax strategy.
Should a grandparent-owned 529 plan be moved to a custodial account? In this NJ Money Help article, Howard Hook discusses how ownership can affect account control and financial aid calculations under the FAFSA rules.
A down market can make RMD decisions more complicated. Darren Zagarola explains the factors retirees should consider when deciding on the date of their withdrawal.
Does your spouse’s age affect when you must begin taking Required Minimum Distributions? In this NJ Money Help article, Howard Hook explains the factors that determine RMD timing and how a spouse’s age may influence the calculation.
Rising prices can put pressure on retirement budgets. Learn how inflation impacts Social Security benefits and why annual adjustments may help.
How should you position your investments before retirement? In this NJMoneyHelp article, Howard Hook explains several factors that can influence retirement income, including portfolio withdrawals, taxes, cash reserves, and Social Security timing.
A child’s decision not to attend college doesn’t necessarily mean education savings are wasted. Darren Zagarola discusses several options available to families with unused 529 plan funds.
A proposed retirement bill could raise the age for RMDs from 72 to 75. In a recent N JMoney Help article, Howard Hook explains how the change would work and why it may benefit some retirees.
Planning a move out of New Jersey? In a recent NJMoneyHelp article, Howard Hook explains the state’s so-called exit tax, how the withholding requirement works, and the exceptions that may apply when selling a primary residence.
A leased vehicle may be worth more than its buyout price. Darren Zagarola explains how lease buyouts work and why contacting the financing company directly may be worth considering.
