«

»

Weekly Wednesday Wisdom Webinars April 21, 2021



Weekly Wednesday Wisdom Webinars April 21, 2021

Certified Elder Law Attorney and Financial Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm.

Want to join our live webinar? go to www.wisdomwebinar.com to register or give our office a call at 844-885-4200.

Want to book a 15-minute call with Chris Berry? Register at 15chris.com to book a schedule in his calendar.

Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning, and tax planning from their offices in Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi.

On this week’s webinar, attorney and advisor Chris Berry of www.castlewealthlegal.com answers the below questions.

04:13 1. How do I fund my Roth?
07:24 2. Can I use the money market to fund a Roth?
13:37 (pop-in question) Are the earnings you make on the Roth taxed?
15:01 (pop-in question) Should the tax paid for conversion to Roth be included in your overall tax return that year?
16:14 (pop-in question) Why isn’t a Roth IRA tax-free for a state? Doesn’t a person who inherits Roth skip paying taxes if under $3.5 million?
19:30 3. I am 66, my wife is 68 and already taking Social Security, should I take mine now or wait?
23:39 4. Do I need a trust to avoid probate?
25:55 5. Are LLCs protected from lawsuits? If yes, should they be in a Castle Trust?
31:08 (pop-in question)We have an Asset Protection Trust, how much does it cost to have your firm qualify us for Medicaid if one of the spouses goes into the nursing home and we want to protect our assets for the well spouse and the children?
33:40 (pop-in question) What if we don’t have a Castle Trust, how much does it cost to qualify for Medicaid?

Visit our websites to learn more
https://michiganestateplanning.com/​​​​​
https://www.castlewealthlegal.com/home​​