Who should convert to a Roth IRA?
Converting a traditional IRA to a Roth IRA (or converting a workplace retirement plan) is optional. It is up to each IRA owner to decide if converting makes sense in their particular situation. Roth conversion is not a universally beneficial transaction, so each...
Common estate planning mistakes — Part 2
In last week’s article, I covered five common estate planning mistakes, including beneficiary errors and naming specific investments in your will. Here are six more issues to consider and discuss with your estate planning attorney. 1. Failing to plan for the death of...
Common estate planning mistakes: Part 1
Last week, I wrote about the general estate planning process. While it can be simple in some cases, there are certain things you’ll want to look out for and mistakes you’ll want to avoid. Poor estate documents can lead to people accidentally cutting loved ones out of...
What you need to know about the estate planning process
October is National Estate Planning Awareness Month, and of all the topics I’ve discussed, estate planning draws the most attention. It affects all of us, especially seniors. Often, however, people don’t seek out advice regarding estate planning because, quite...
New Jersey minimum wage will rise to $16.48 in 2027
The New Jersey Department of Labor and Workforce Development announced the new rate Tuesday, Sept. 29. The annual adjustment is tied to changes in the federal Consumer Price Index, a measure of inflation. Different wage requirements apply to certain groups of...
