Takeaways A charitable remainder trust (CRT) is an estate planning tool that allows you to donate to charity while receiving income for a set term, blending philanthropic goals with financial strategy. CRTs offer such benefits as tax deferral and income streams, but they are irrevocable and complex. The remaining assets ultimately go to charity rather
Takeaways Many older adults underestimate their likelihood of needing sustained, day-to-day care in their later years, and a significant portion of adults aged 50 and older are not adequately planning for long-term care. As Alice struggled to get up from her chair she remarked “I always got up and moved around without giving it a
Takeaways Annuities, particularly Qualified Longevity Annuity Contracts (QLACs), can be used within Individual Retirement Accounts (IRAs) to manage income, defer taxes, and provide peace of mind in retirement. While QLACs offer specific tax advantages, other annuity types and alternative strategies can also be considered to meet diverse retirement income and estate planning goals. You’ve worked
