Before Retiring, Cover These Bases | When It’s Time to Scale Back Risk | Protect Your Digital Assets From Estate Tax

Live Like You ve Won the Lottery | How to Protect Your Digital Assets From Estate Tax | The Tax-Efficient Ways to Handle Irrevocable Trust Assets Created for {EMAIL} | [Web Version]( July 21, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Personal Finance [] [Live Like You’ve Won the Lottery]( [Live Like You ve Won the Lottery]( (Getty Images) Just because you haven't won a jackpot doesn't mean you can't [fulfill your dreams]( of doing what's important to you with who is important to you. Financial professional Frank J. Legan explains how. [] Cryptocurrency [] [How to Protect Your Digital Assets From Estate Tax]( [How to Protect Your Digital Assets From Estate Tax]( (Getty Images) Estate planning attorney Jeffrey M. Verdon points out that [estate planning for your digital assets]( is critical to ensure your heirs don't get hit with millions in estate taxes after you die. You can also protect your digital assets from litigation. [6 Things Not to Do When Selecting a Financial Advisor]( Working with a financial advisor can be a great first step to helping make sure you're on track to reach your retirement goals. But choosing the wrong one could wreak havoc. Check out these 6 things not to do when choosing a financial advisor, so you can work to potentially avoid years of stress. [See the list]( ADVERTISEMENT [] Estate Planning [] [The Tax-Efficient Ways to Handle Irrevocable Trust Assets]( [The Tax-Efficient Ways to Handle Irrevocable Trust Assets]( (Getty Images) Irrevocable trusts can be structured so that trust property is either included in the potentially taxable gross estate or removed. Estate planning attorney Rustin Diehl discusses [the pros and cons](. [] Retirement Planning [] [Before Retiring, Make Sure These Bases Are Covered]( You've worked hard and saved, and now you're ready to retire. For a successful retirement, financial professional David Domenick Jr. says, you need to make sure you're prepared in all of these areas. [Read More]( [5 Things Near-Retirees Must Know About the 4% Rule]( Just like a movie, a comprehensive retirement income plan incorporates the ebb and flow of cash flows, ensuring your assets align with your living expenses throughout retirement. To build an effective plan, start with these five essential steps. [Learn More]( ADVERTISEMENT [] Saving for Retirement [] [10 to 15 Years to Retirement? Time to Scale Back Risk]( According to financial professional Kevin Wade, taking a more conservative approach in your portfolio can help make sure that you don't face a big loss if the market suddenly declines. [Read More]( [Financial experts + automated tech]( While you focus on what's important to you, Betterment is working behind the scenes to optimize your investments and make your money hustle. 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