Preheat your oven to 180°c/356☏ and line two 8 inch baking trays with parchment paper, I also greased the edges with coconut oil to avoid any sticking and it worked a charm.ħ. Remove from the heat and allow to cool while you prepare the remainder of the cake.Ħ. Stir in the chia seeds and cook for a further minute or so before finally stirring in the honey and vanilla.ĥ. Place in a saucepan over a low heat for 5-10 minutes until they start to soften, stirring regularly.Ĥ. Rinse the fruit in some cold water and strain, leaving a small bit of water on them.ģ. Begin by preparing the chia jam, for this cake I have adapted my raspberry chia jam recipe to include strawberries.Ģ. There is no assurance that any investment plan or strategy will be successful.– Large handful of raspberries & strawberriesġ. Securities investing involves risk, including the potential loss of principle. There is no guarantee that any forward-looking statements or opinions provided will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.Ĭontent provided herein is for informational purposes only and should not be used or construed as investment advice or recommendation regarding the purchase or sale of any security. Material presented is believed to be from reliable sources, and no representations are made by our firm as to other parties, informational accuracy, or completeness. Opinions expressed herein are solely those of Shilanski & Associates, Incorporated, unless otherwise specifically cited. Please review our Customer Relationship Summary ( Form ADV Part 3) for important information about our services and fees. There is no guarantee that any investment plan or strategy will be successful. Securities investing involves risks, including the potential for loss of principal. This website is not personalized investment advice. All content on this site if for information purposes only. Plan Your Federal Retirement is not employed by the United States Federal Government and does not represent the United States Federal Government. You owe it to your surviving spouse to ensure this is done correctly.Īdvisory services offered through Shilanski & Associates, Inc., an Investment Adviser doing business as “Plan Your Federal Retirement”.
If you have questions on how your benefits need to work in concert with your Estate Plan, please contact our office and ask to schedule time with one of our federal employee benefits specialists. Now, upon Bob’s death, the $1,000,000 from the TSP can be disbursed in accordance with the long-term financial plan designed for Sue, as the surviving spouse, and any other identified beneficiaries. The Revocable Living Trust would be Bob and Sue’s contingent beneficiaries most likely. Under current tax law, spouses can transfer assets from the decedent to the surviving spouse without creating a tax problem. Next, we would have told Bob and Sue that we would want the primary beneficiaries on each of their retirement accounts, like the TSP, as the spouse. We would work with Bob and Sue’s attorney and discuss their benefits under FERS to help advocate for everything to work in concert.
Here, had Bob and Sue been our clients we would be reviewing the Revocable Living Trust and ensuring that the documents contained language to handle retirement accounts. Bob updates his primary beneficiary, removing Sue as his primary beneficiary, and puts the Trust in her place.
They contact the Thrift Savings Plan (TSP) office and since Bob is a Federal Employee, request a beneficiary change form. Here is the reason, let’s say Bob and Sue are happily married and finish signing for their Revocable Living Trust. This is a catastrophic mistake if done incorrectly.
#TSP LOOKTHROUGH TRUST UPDATE#
Now here is where we see people make really egregious mistakes – they update their beneficiary designations – remember as a Federal Employee you have several – to put the Trust as their Primary Beneficiary and the Trust did not have language specifically addressing how retirement accounts would be handled. More specifically, you have to place assets into the Trust for it to be alive.Ī few examples of assets that people like to place in Revocable Living Trusts are expensive boats, airplanes, vehicles, bank accounts, real estate, and investment accounts. That second word, “Living” means that we have to breathe life into the Trust.
0 kommentar(er)
