What Is a Custodial IRA?
Most parents worry about their children as they grow up; however, you'd think that would stop once they reach adulthood. Parents always look to set their children up for a ...
Distribution of Estate
Effective estate distribution is key.
Planning for effective estate distribution is key for ensuring your wishes are met while minimizing legal complexities and tax burdens for beneficiaries. Key solutions include establishing trusts to streamline the transfer process and avoid probate, using wills to clearly outline asset distribution, and employing strategic tax planning to reduce estate taxes. Incorporating beneficiary designations and charitable giving can further align distributions with personal goals. By leveraging these solutions, you can ensure a smooth, efficient distribution of your estate, providing peace of mind for both you and your heirs.
Articles of Interest
Gig Worker Retirement Strategies
Over the past several years, there has been a significant rise in gig workers and the number of affiliated companies that utilize them. In fact, in 2017, the Bureau of Labor ...
Getting Your Retirement Back on Track
The one-two punch dealt by the Great Recession of 2007-2009, followed by economic damage from the COVID-19 pandemic may have ...
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Salem Five Bank and Salem Five Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Salem Five Investment Services, and may also be employees of Salem Five Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Salem Five Bank or Salem Five Investment Services.
Securities and insurance offered through LPL or its affiliates
and
Securities and Investment products offered through Salem Five Wealth Management and Trust Company (A Division of Salem Five Bank)
are:
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- May Lose Value
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