Posted in Triplett & Carothers on October 6, 2023

Your 65th birthday is a landmark date for many, as you plan for your senior years. There’s a lot to think about, and your decisions will be based on your income and savings and on your long-term goals. Below is a summary of the major issues. Sign up for Medicare If you enrolled in Social… read more

Posted in Triplett & Carothers on October 5, 2023

The SECURE Act of 2019, followed by SECURE 2.0 in 2022, was intended to facilitate the implementation of retirement plans for companies of all stripes. A major goal was to reduce administrative burdens, particularly on small businesses, which should especially benefit from the extension of low-cost options and limited contribution matching. However, employees at smaller… read more

Posted in Triplett & Carothers on October 4, 2023

Depending on the loan type, you can qualify for a mortgage with a downpayment that is as low as 3% of your home’s final purchase price. And for some loans — such as a VA loan or USDA mortgage — you don’t need any downpayment at all. But what if you can afford a larger… read more

Posted in Triplett & Carothers on October 1, 2023

It was a great day for appreciation and giving in September when Triplett & Carothers made a donation to the University of Louisville Cardinal Marching Band (CMS). The firm’s ongoing commitment to the CMS holds special meaning for firm founder Roz Carothers who is a lifelong musician and received a degree in music from U… read more

Posted in Triplett & Carothers on September 5, 2023

Shelby has been a Paralegal with Triplett & Carothers since May 2022. She assists clients in all aspects of trust and estate administration from start to finish. She is known for her unswerving attention to detail in all legal matters. On top of handling probate matters, Shelby also assists Rosalyn Carothers with estate planning. In… read more

Posted in Triplett & Carothers on September 4, 2023

Streamlining and consolidating multiple old retirement accounts can help you organize your retirement finances. Most employees move around these days, typically switching jobs 12 times over the course of their careers and spending about four years on average with each employer. It is no wonder that some of them amass a jumble of retirement accounts,… read more

Posted in Triplett & Carothers on September 3, 2023

During an appraisal, an appraiser will visit the home you are buying or the home you currently own. This professional’s goal is to determine how much the home is worth. Appraisers consider several factors when determining a property’s value, including the number of bedrooms and bathrooms; the home’s size, age and style; and the neighborhood… read more

Posted in Triplett & Carothers on September 2, 2023

The Tax Cuts and Jobs Act largely winds down at the end of 2025. Maybe. Many of its provisions are political, so much depends on who’s in the White House and who has control of the House and Senate at that time. Before you start planning, glean some understanding of what the TCJA does and… read more

Posted in Triplett & Carothers on August 4, 2023

Garage sales can be ubiquitous in some communities, as a driveway is suddenly populated with a fondue set that hasn’t been used in 20 years, an old power drill that still works, furniture exiled thanks to a major redecoration, and books that have been crowded off shelves. The owners make money from the sales and… read more

Posted in Triplett & Carothers on August 3, 2023

If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances and taxes. According to IRS regulations instituted in 2020 (with significant updates later), the majority of beneficiaries who inherit IRAs must withdraw their portion… read more