Can you name your trust as your IRA beneficiary?

Many people, once they retire, set up a living trust. Living trusts are a popular way to avoid probate and pass along assets once you become deceased.

What should you do with a 401(k) when you retire?

I’m often asked what should be done with a 401(k) when someone retires. Should it be left with the employer? Should it be moved someplace else?

Maxed Out at Work? Don’t Stop!

Some people contribute the maximum amount to their 401(k) plans at work and then want to find other additional ways to save for retirement. They should be proud of themselves for doing that, since most people end up at retirement age with far too little in their retirement accounts because, regardless of their income, they tend to find other “needs” that require the money they would otherwise invest.

The One Time When Company Stock is a Good Deal

It is almost never a good idea to invest most of your wealth in your employer’s stock, because doing so means your economic fortune—your earnings and investments—is tied directly to your employer’s. That’s simply too big a risk to take, because —what if you end up working for the next Enron?