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The IRS Deals A Blow To Inherited IRAs And This Could Be A Trap For Many

Up until 2019, IRA holders did not have to take money out of their IRAs – and pay taxes on those distributions – until they turned a certain age (which is currently 72 for those born after 1949) regardless of whether their IRAs were their own or inherited. Because of this, someone could name a beneficiary who was much younger – a grandchild, for example – and keep wealth untaxed for generations. This estate-planning technique was known as the “stretch IRA.”

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7 Financial Tips For College Freshman

Most people go to college in order to better their lives and earn a degree that translates into the working world. On the flipside, parents and college kids may be rightfully stressed about the financial implications of pursuing higher education at a traditional college or university — particularly if they’re relying on student loans to pay for school.

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Investors Know Little About ESG, a New Study Finds

Environmental, social, and governance, or ESG, investing is a hot trend, but retail investors are unfamiliar with the approach and have a hard time explaining what it means. About one in four people believes the acronym stands for “earnings, stock, growth,” according to a new study.

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What You Need to Know About Marriage and Money

The spring wedding season is upon us. According to a survey by The Knot, there will be more weddings in the U.S. in 2022 than in any other year since 1984. And, on average, couples will spend $28,000 on their ceremony and reception, back in line with 2019 levels.

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