When Your Home is Not a Principal Residence

“Houston, we have a problem.” Who could ever forget those famous words as one catastrophe after another unfolded for the astronauts in the movie, Apollo 13? After considering a recent client related situation, it hit me – America, we have a problem! OK, I know that’s the number one topic these days – the problems …

What You Should Know about Inherited IRAs

The rules governing inherited IRAs can be complicated. Here are the major issues. Transferring inherited IRA assets If you inherit an IRA from someone who isn’t your spouse, your options are fairly limited. You can’t roll the proceeds over to your own IRA, treat the IRA as your own, or make any additional contributions to …