Category: Estate Planning
Protection varies, according to state law. IRAs are protected from bankruptcy. However, there are some limitations you should guard against, according to The Balance in “What is IRA Bankruptcy Protection?“. President George W. Bush signed bankruptcy protection into law in 2005 with the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCA). This new law insulated […]
Not having a long-term care plan can put your family at financial risk. A government report estimates a vast majority of those over 65 will end up needing long-term care. However, many people do not have plans to meet the expenditures, according to Westfair Online in “Keybank poll reveals clients aren’t planning for long term […]
Life can get in the way of you meeting your goals. However, embracing some tactics can be helpful. Making resolutions to accomplish certain goals is never an easy task and New Year’s resolutions are no different. Financial goals are often on the list of resolutions and there are some secrets to follow that can help […]
Now is the time to handle those details you have overlooked. There may be a number of estate planning details that you have not addressed in previous years. This year is a good year to get it done, according to the Pittsburgh Post-Gazette, in “As a new year closes in, resolve to get those pesky […]
If Social Security will be 40% of your income, where does the rest come from? Social Security was never intended to be your total retirement funding, so you need as many revenue streams as possible, according to U.S. News & World Report in an article that compares “Pension vs. 401(k)“. A traditional pension plan, or […]
If you are thinking of upscale retirement, it might be best to check in early and enjoy the lifestyle. Boomers have had a way of being out front when it comes to making changes in society and it isn’t any different when it comes to retirement, as they eye the expansion of five-star luxury retirement […]
Where do you want your assets to go when you think of your loved ones? Estate planning can be a comfort to you but is also a gift of peace of mind to your family and may be a good way to begin the New Year, according to the Brainerd Dispatch in “Give the gift […]
It wouldn’t be a lot of fun to run out of money. What is the number one concern about retirement? Running out of cash is the answer. However, there are steps you can take to reduce the chances, according to the AARP Bulletin’s article “4 Steps to Make Your Money Last a Lifetime“. Some guidelines […]
The estate plan is a major tool to protect your family. Okay, you now have an estate plan. What’s the biggest mistake you can make? Not updating the plan as the years go by and life changes occur, according to the Times Herald in “Top six estate planning mistakes“. Another big mistake would be to […]
An estate planning resolution can be beneficial to everyone. There are many possible New Year’s resolutions. However, a good one to consider may well be creating an estate plan or taking a fresh look at your current plan, according to the Grand Rapids Business Journal in “Incorporate estate planning into New Year’s resolutions“. Resolving to […]
