Retirement accounts at ‘serious risk’ as COVID-19 spurs bankruptcies
To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal.
Bankruptcy
Why retirees shouldn’t use their 401(k)s to pay off debt
Tapping into these plans is one method used to prevent bankruptcy.
Myth: Life insurance is not taxable
While proceeds from life insurance are not subject to income tax, there are other taxes that will apply. But there are steps to take to avoid those liabilities too.
