It’s important for heirs to consider how a windfall might be used to strengthen their finances now and over the long term.
These plans have generous contribution limits that increase with age, which may allow high-income business owners to catch up on retirement savings and significantly reduce their taxable incomes.
The retirement savings landscape has changed dramatically over the past 50 years. How might these developments affect tomorrow’s retirees?
After age 65, retirees can use HSA funds for any purpose without incurring a penalty.
How much life insurance would you need to produce a sufficient income stream for your family?
How Long Will Your Funds Last?
Estimate the future value of your current savings.
Estimate the future cost of an item based on today’s prices and the rate of inflation you expect.