Families that have a child or other dependent with special needs need to plan for the financial support of that family member, potentially for his or her lifetime, which may exceed that of their own. Life insurance inside of a Special Needs Trust is the way to do it. We’ll help to examine this.

RMDs from IRAs may become an issue for many taxpayers as they increase taxable income, possibly moving you into a higher tax bracket, impacting Social Security benefits and increasing Medicare premiums. For charitably inclined individuals, there may be a solution.

The Section 199A deduction is complex, but for many successful pass-through business owners, there are strategies to help qualify for the deduction. Your Security Mutual life insurance advisor can help you plan to meet the income thresholds of the law.