Estate
Planning
Planning
Two legal documents that spell out who receives your property after you die.
What is a Will and/or a Trust?
What is the fund called that is meant to help residents when they outlive their resources?
What is the Benevolent Care Fund?
This type of retirement account allows you to make contributions with after-tax dollars, but withdrawals in retirement are tax-free.
What is a Roth IRA?
The Emotion that causes Investors to sell in down markets.
What is Fear?
The previous name for Covenant Living Golden Valley?
What is Colonial Village?
The legal name for the person that establishes their trust?
What is the Grantor?
Your heirs pay the highest tax when inheriting THIS retirement account.
What is an IRA?
The risk of outliving your financial resources during your retirement.
What is Longevity Risk?
The type of behavior when investors are following the crowd.
What is Herd behavior?
The standard in which Covenant Trust has the legal duty to act in the best interest of its clients.
What is a Fiduciary?
This person, named in a will, is responsible for carrying out its instructions and settling the estate.
What is an Executor or Personal Representative?
The age that you can start giving a Qualified Charitable Distribution (QCD) from an IRA.
What is 70 1/2?
This strategy converts a tax-deferred IRA into a tax free account, triggering taxes today.
What is Roth Conversion?
The belief that you can predict market outcomes perfectly.
What is Overconfidence?
The year that Minnehaha Academy opened for it's first class of students.
What is 1913?
The document that gives someone the authority to make decisions for someone else.
What is a power of attorney?
A charity pays YOU income for life with this arrangement.
What is a charitable gift annuity?
These required withdrawals must begin at age 73?
What are Required Minimum Distributions (RMDs)?
Financial Planning helps manage this Behavior.
What are Emotions?
A former Covenant Trust advisor and current resident of Covenant Living Golden Valley.
Who is Phil Carlson?
What is the term for dying without a will
What is intestate
This type of account lets give to charities over time and give you an immediate tax deduction.
What is a Donor Advised Fund (DAF)?
The only tool that can be used both while you are alive and after you are dead.
What is a Revocable Living Trust?
Research shows the pain of losing $100 feels roughly twice as strong as the pleasure of gaining $100, a bias known by this name.
What is loss aversion?
How much money does Covenant Trust Manage?
What is over $2.3 Billion