DEAR GARDEN STATE TRUST COMPANY, I TURNED 70 ½ THIS YEAR, SO I HAVE TO START TAKING REQUIRED MINIMUM DISTRIBUTIONS (RMDS) FROM MY IRAS. I DON’T WANT OR NEED THESE DISTRIBUTIONS, AND I’M CONCERNED THAT THEY MIGHT PUSH ME INTO A HIGHER TAX BRACKET, OR EVEN AFFECT THE TAXES ON MY SOCIAL SECURITY. IS THERE…
Author: gstc
How much income can I expect from a trust?
DEAR GARDEN STATE TRUST COMPANY, HOW MUCH INCOME CAN I EXPECT FROM A LIVING TRUST? WHAT ABOUT A TESTAMENTARY TRUST, WOULD THAT BE DIFFERENT? —PROSPECTIVE BENEFICIARY Dear “Prospective”, The very low interest rates in 2013 have meant that many investors have not been satisfied with their portfolio income. Everyone would like more income, but without…