My wife doesn't know the slightest thing about financial planning. I'm trying to write a "finance for dummies" paper for her to help her get through the financial side of things in case I get hit by a bus and I've come across some questions. Maybe someone can help me so I dont have to make a bunch of calls?
1. What are her options for handling my Roth IRA? For example, can she transfer the money into her Roth IRA for simplicity sake?
2. I assume that brokers such as E-Trade and Vanguard have paperwork to transfer taxable assets that are in my name to her name? I assume she wont have to sell anything to make the transfer?
3. Anyone have any experience with a 457b? Once I retire I can withdraw money as often as I like (at any age without penalty). Does she have options besides rolling this to an IRA and being stuck with the IRA withdrawal rules?
1. What are her options for handling my Roth IRA? For example, can she transfer the money into her Roth IRA for simplicity sake?
2. I assume that brokers such as E-Trade and Vanguard have paperwork to transfer taxable assets that are in my name to her name? I assume she wont have to sell anything to make the transfer?
3. Anyone have any experience with a 457b? Once I retire I can withdraw money as often as I like (at any age without penalty). Does she have options besides rolling this to an IRA and being stuck with the IRA withdrawal rules?