Retirement Archives - Members Trust Company

Trusts

| 8 min read

What is a Will, and Why Do I Need One?

Planning for the unexpected can make a huge difference for you and your loved ones.

Trusts

| 9 min read

Principles of Business Succession Planning

Business owners devote countless hours and resources to grow a successful enterprise. However, it is equally important to plan for the future of your business. Business succession planning ensures continuity and longevity by providing a smooth transition of ownership, management, and assets to the next generation or designated beneficiary.

Trusts

| 8 min read

What is an Irrevocable Trust?

When it comes to safeguarding your assets and securing your legacy for future generations, an irrevocable trust is one of the most effective tools in estate planning.

Trusts

| 7 min read

How to Choose a Power of Attorney

As you go through life, there may be a time when you cannot make decisions for yourself, either temporarily or permanently. In this situation, a power of attorney can be extremely helpful.

Couple outdoors browsing for retirement planning

Wealth Management

| 8 min read

Emerging Trends in Retirement Planning

Retirement planning has always been a complex process. It involves evaluating a multitude of factors, such as investment options, tax implications, government benefits, and personal lifestyle choices.

Trusts

| 9 min read

An Overview of Qualified Retirement Plans

Creating a thorough retirement plan is a financial decision that demands careful consideration. One of the most effective tools employed in saving for retirement and reducing taxes is a qualified retirement plan.

Trusts

| 9 min read

Leveraging Tax-Advantaged Retirement Savings Plans

Qualified and Tax-Advantaged Retirement Savings Plans are the most effective tools employed in saving for retirement and reducing taxes.

Wealth Management

| 8 min read

Benefits of Converting Traditional IRAs to Roth IRAs

Are you considering switching from a traditional IRA to a Roth IRA? Converting a traditional IRA to a Roth IRA can result in improved retirement planning and increased financial security, but it may not be the right choice for everyone.

Wealth Management

| 8 min read

What Types of Investments Can Be Held in an IMA Account?

If you are looking for investment options but are not sure where to start, an Investment Management Account (IMA) may be a great option for you.

Trusts

| 7 min read

Understanding Tax Implications of Estate Planning

For many people, estate planning can seem like a complex and intimidating process. With so many nuances in state and federal laws, it can be difficult to understand the tax implications associated with estate planning decisions.

Wealth Management

| 8 min read

Strategies for Managing Long-Term Care Costs with Insurance

As the population ages, more and more people are finding themselves in need of long-term care. This care can be costly, so it’s important to have a plan in place to manage those costs.

Trusts

| 7 min read

The Importance of Having a Healthcare Directive in Your Estate Plan

As you think about your future, it’s important to start thinking about your estate plan. This includes making decisions about your healthcare and who will make those decisions for you in the event of incapacity.

Explore More Topics