2026 estate tax exemption, step-up in basis, trust basics, beneficiary designation mistakes, and the SECURE Act impact on inherited IRAs.
All current for 2026. All free. No email required.
Outdated beneficiary designations can send your retirement accounts and life insurance to the wrong people, overriding your will and costing your family time and money. Here's why updating these critical forms should be on every pre-retiree's priority list.
When most people hear "trust," they think of billionaires, but trusts can be smart estate planning tools for many families. Understanding the right timing can help protect assets, simplify inheritance, and create lasting financial security during retirement.
Individual Retirement Accounts offer tax advantages and investment flexibility for retirement planning, but understanding contribution limits, withdrawal rules, and how to coordinate IRAs with other income sources is crucial for maximizing benefits.
Every retiree needs an estate plan to protect their assets, avoid family disputes, and ensure their wishes are honored. Without proper planning, courts decide your legacy—not you.
Your beneficiary forms on retirement accounts override your will and other estate documents, potentially derailing your entire estate plan if not properly maintained.
The Right Retirement Plan provides trusted retirement education where complex financial rules are explained clearly, helping pre-retirees avoid costly mistakes through expert guidance from vetted fiduciaries.
For estates under the 2026 federal exemption of $13.99 million, proper beneficiary designations and account titling can achieve most living trust benefits at zero cost. Learn when you actually need a trust versus simple probate avoidance strategies.
The federal estate tax exemption drops from $13.61 million to ~$7 million on January 1, 2026, potentially costing wealthy families millions. Here's what Maryland retirees and others with significant assets need to know before the deadline.
Common questions about estate planning, answered in plain English.
Financial concepts related to estate planning.
The federal estate tax applies to assets transferred at death above the exemption amount. In 2026, the exemption is $13.99M per person ($27.98M per couple). Assets below the exemption transfer tax-free to heirs and receive a step-up in cost basis.
The federal gift tax applies to transfers of money or property to another person during your lifetime. The annual exclusion ($19,000 per recipient in 2026) and the lifetime exemption ($13.99M) mean most gifts are tax-free — but reporting may still be required.
Life insurance pays a tax-free death benefit to your beneficiaries when you die. The main types are term (temporary, cheap), whole (permanent, expensive, cash value), universal (flexible permanent), and variable (permanent, invested).
Take the free Retire Ready Score assessment and see where your retirement strategy stands.
Take the Free Assessment