Mom took lump sum of inherited qualified Equitable annuity. Too late to put in inherited IRA? My mother recently inherited two qualified Equitable annuities totaling about $60k. She opted to take the lump sum instead of roll it into an inherited IRA. I don’t know if she realized what she did or if she just wanted the money. She’s in the 22% tax bracket but this income puts her into the 24% bracket. Is it too late to take the funds back a…

I got wrangled into an Equitable Annuity – Am i screwed? Long story short i got wrangled into a Equitable Structured Capital Strategies PLUS 21 – Traditional IRA. I’ve been reading a lot of mixed opinions on this annuity. My money is going to be tied up for 6 years. Is the fund doing well or am i going to be severely behind on my investment after 6 years? It seems to be doing pretty good? my quarterly…

What is the most equitable solution to liquidating a home and splitting the estate when one party wishes to retain the home? USA-PA. Parent passed and willed the home to three adult children. Will stipulates the home be sold at market value and proceeds split evenly three ways. One party wishes to purchase and live in the home, but prefers to not pay market value. In theory, 1/3 of what is paid would return as inheritance. Given taxes and sale costs what is the best f…