Dear Garden State Trust: I was planning on retiring later this year, but I’m having second thoughts. My 401(k) has gone down in value, just when the cost of living is going up at rates I haven’t seen since I entered the work force after college. What do you think? —Reconsidering the Retirement Date Dear…
Month: June 2022
Incentive Trusts
An incentive trust is a trust that includes provisions requiring beneficiaries to meet certain conditions before the trustee can distribute funds. This means that the funds can only be accessed in specific situations or for specific needs. Some incentive trusts give the trustee the authority to spread distributions out so the beneficiary doesn’t receive them…