generational wealth management arizona

Family Wealth Management: Tips for A Successful Transition Between Generations

Key Points Develop a family financial map Communicate early and often  Be clear about your expectations and values  Introduce your heirs to your financial advisor  Avoid this unfortunate inheritance situation It’s not an uncommon scenario: The parents pass away and leave the family home to the children, Joe, Bill and Marie. Joe wants to keep…

IRA planning mistakes

Common IRA Planning Mistakes

1. Not taking advantage of the Stretch distribution option or not establishing it properly The Stretch IRA is a way for each IRA beneficiary to maximize the payout period over his or her entire life expectancy. Properly designating beneficiaries and informing them of the IRA owner’s “Stretch” intentions are key to making this strategy work.…