Qualified Money and What you Need to Know!

By: Maggard Elder Law
LEXINGTON, Ky. - Oct. 13, 2020 - PRLog -- Qualified Money and What you Need to Know!

Most retirees will rely on qualified money. It means that besides Social Security, almost everyone is going to have to rely on and efficiently utilize their IRAs, 401(k)s, 403(B)s, etc.
When it comes to your IRAs, 401(k)s and other retirement accounts, you probably have a lot of questions, and these are just a few of them:
• Can I still contribute to a retirement account, and if so, how much?

• What type of retirement account is right for me?

• When do I need to take withdrawals, and how much do I have to take?

• How are my withdrawals taxed?

• How does my IRA fit into my overall plan?

• What happens to my accounts when I die?

• How can I minimize taxes?

At Maggard Elder Law we will help you examine your unique situation and discuss with you the best way to answer those question for you and your family.

It's been a turbulent 2020 so now more than ever, if you or your loved ones would like a complimentary consultation to discuss your estate plan and financial strategy, call us today at 859-372-6674 to schedule an ap­pointment and see why Kentuckians continue to recognize us as their trusted advisor.

Noted attorney, Nick Maggard has been helping families find peace-of-mind for over twenty years.  He has worked with hundreds of clients to develop their Estate and Long-Term Care plans. He has been featured in Wall Street Journal, Chicago Tribune, USA Today and MSN Money.

Https://www. MagarrdElderLaw.com

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