You work hard throughout your life to earn enough money to retire comfortably and leave an inheritance to your loved ones. How do you ensure that money stays protected as retirement age approaches? Your best path forward is to establish a Retirement Trust, also known as an IRA Trust. A Retirement Trust is a tax- advantageous legal arrangement that provides a protected distribution of your assets to your beneficiaries. A Retirement Trust is unique, allowing you to name the Trust as the beneficiary of your retirement accounts. Traditional Trusts do not offer this option. If you have significant retirement account balances and want control over the distribution of funds, a Retirement Trust is a great option for your Estate Planning efforts. It can help safeguard your funds from lawsuits, bankruptcy, divorce, or high-spending beneficiaries. When you establish a Retirement Trust, you’re creating a foolproof plan to fulfill your wishes for your assets. If your beneficiary goes through a divorce or faces a lawsuit or even bankruptcy, the funds you set aside in your IRA Trust will not come into play. Your Retirement Trust effectively shields these assets from potential claims or lawsuits. Without a Retirement Trust, these funds could diminish quickly. It’s also a great option if you have beneficiaries with disabilities who rely on government assistance programs, as you can provide extra funds without impacting their asset or income limitations. Setting up your Retirement Trust can be complex, so you should never try to do it independently with an online service. You don’t want to risk messing this up because it can have lasting impacts on your retirement and your family’s future. When you meet with our team to begin the process, we’ll evaluate your retirement accounts, assets, and potential beneficiaries to create a Trust that fits your needs. We’ll also ensure your Retirement Trust aligns with your overarching Estate Planning goals. Retirement Ready Why a Retirement Trust Is Key to Protecting Your Legacy
While it may seem like teens are constantly glued to their phones, chasing likes and snapping selfies, today’s young adults are looking for more balance and zen than ever before. This year’s top trends for teens and young adults are mindfulness, financial wellness, and school-life balance while spending less time staring at screens. They’re looking for a mindset upgrade that keeps them happy, healthy, and focused on the future. Get ready to connect with Gen Z on a new level with these top trends for 2025. MINDFUL MOMENTS Mental health and well-being are at the top of teens’ to-do lists this year, and they’re embracing the newest technology alongside old-school self-care methods. Apps like Calm and Headspace help young people track their feelings and turn negative thoughts into tools for growth. Various apps are also available to help teens journal, meditate, or utilize AI to organize their lives. Gen Z also engages with digital resources that gamify and simplify self-care, making it fun and easy to develop a positive mindset. Swipe Less, Live More Teens Are Embracing Mindfulness and Well-Being in 2025
BUDGETING BEYOND THE BASICS Teens have buying power, making up a large portion of sales with online retailers and popular companies like Target, Sephora, and Grubhub. Young spenders want convenience, fast deliveries, and access to everything from concerts to gaming consoles. But they are also thinking about larger investments like cars, vacations, and college. As teens and young adults seek financial independence, they are working with financial planning apps like Current to help them create a budget and achieve savings goals. DISCONNECT TO RECONNECT Surprisingly, SOME of Gen Z are stepping away from constant screen time and social media updates. They seek more personal interactions and an escape from the stresses of crafting the perfect life on Instagram. Gen Z is tracking their time on apps, prioritizing social time or groups, and taking steps to prevent the urge to doom scroll. Apps that make it more challenging to use social media through programmed interventions like HabitLab and Moment hold them accountable for their social media habits.
If you have any questions about Retirement Trusts or want to start the process of establishing one, call us today!
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