Ali discusses how to distribute your retirement assets through your trust... ( read more )
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Are you considering putting your 401k plan into your trust? While it may seem like a logical move, there are certain considerations you need to take into account before doing so. First and foremost, it's important to understand the purpose of a trust. A trust is a legal entity that allows assets to be managed by a trustee for the benefit of the trust beneficiaries. By putting your 401k plan into a trust, you are essentially transferring ownership of the plan to the trust. This can have significant tax implications and may not be the best choice for everyone. One potential benefit of putting your 401k plan into a trust is that it can provide greater control over how your assets are distributed after yo
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)