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Estate Plans for Gen Y?

Submitted by Sophia Bera on Friday, October 24, 2014 - 12:00pm

Dying is really difficult to think about when you’re young and just revving up the best years of your life. But think: What would happen to your assets? To your family or loved ones? Estate planning looms large even for millennials.

If you were born between 1980 and 2000, consider this topic from a new perspective: Estate planning isn’t about expecting the worst. It’s about protecting the people you care about and making sure the assets you work hard to earn eventually disperse in a way you approve, no matter what.

Investing to Cut Taxes

Submitted by Ken Weingarten on Wednesday, October 22, 2014 - 12:00pm

After the headline risks of the market and inflation, taxes present the biggest obstacle to your building wealth. Your best investment strategy seeks to not only generate returns on your capital but also to save as much of your money as possible to keep it working for you. One of the surest ways to preserve your capital: Reduce your taxes on investment income and gains.

Here are some strategies.

Readying Estate Documents

Submitted by Mark Albers on Thursday, October 16, 2014 - 12:00pm

Death and taxes: Probably you rarely want to discuss either. This first of two articles looks at how what documents help account for both certainties, though, when planning your estate.

Estate planning involves arranging the transfer of your assets after you die, in line with your goals and wishes. The latter usually include reducing taxes and other expenses, maximizing wealth flow to your survivors and descendants and providing for charity.

Understanding Your 401(k)

Submitted by Jeff Stimpson on Saturday, September 27, 2014 - 3:00pm

The 401(k), launched almost 30 years ago as a retirement savings alternative for federal civilian employees, now constitutes most working investors’ main nest egg, if not an entire household’s primary asset. Still, investors risk their future with confusion about details of these accounts.

These vehicles are typically “the place to start with savings,” said Ken Weingarten, president of Weingarten Associates in Lawrenceville, N.J., and speaker at an advisory panel.

Obama Tax Flight Plan: Doomed

Submitted by Larry Elkin on Tuesday, September 30, 2014 - 9:00am

Tax inversions – relocating a U.S. company’s headquarters to a lower-tax nation – are an attractive prospect for American shareholders. But President Barack Obama’s move to block them is doomed because the government has a bad track record in legal tax disputes. Plus, his plan likely would backfire, spurring more foreign takeovers of U.S. companies.

Delaying 1st IRA Payouts

Submitted by Jim Blankenship on Monday, October 13, 2014 - 12:00pm

For most folks, when you reach 70½, you must start taking money from your retirement accounts every year. A little flexibility exists in the first year for you to plan withdrawals to your tax advantage.

How Alibaba Can Help Yahoo

Submitted by Yale Bock on Thursday, September 4, 2014 - 9:00am

The pending stock sale of Alibaba is good news for long-suffering Web portal Yahoo, which owns about a quarter of the Chinese e-commerce giant. But this could trigger a huge tax bill for Yahoo. How can it offset that? By using a tax maneuver involving floating new debt, John Malone-style.

Curbing Taxes on Inheritances

Submitted by Lon Jefferies on Tuesday, September 16, 2014 - 12:00pm

Inheriting appreciated assets from your deceased spouse can bring a host of financial complications at the time of life when you already have too much on your mind. Here’s the math to know how to be prepared – and maybe save on taxes.

Estate Planning: The Heirs

Submitted by Elizabeth Anderson on Monday, September 15, 2014 - 3:00pm

The murkiest part of estate planning is to discuss when and how to distribute your assets to your heirs. This process requires a series of considerations and trade-offs to avoid emotion-laden family problems.

Up to now in our series of articles we focused on numbers, which are objective and straightforward. But when it comes to this final set of issues, things get gray because emotional factors drive decisions now. There is no correct answer on how to distribute your estate.

Estate Planning: Dividing It

Submitted by Elizabeth Anderson on Friday, September 12, 2014 - 12:00pm

When you die, who gets your money? Your kids, you’d think. But before the money reaches your heirs, the government and creditors take their share first.

Now that you know the estimated amount you have to give, most of the math is over. The rest of the calculations have to do with who gets what proportion of your assets.

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