It can be expensive for you and you might want to talk to other family members about the finances. The primary caregiver for an elderly family member needs to go into the position knowing it will be costly to them as well, according to The Motley Fool in “The High Cost of being an Elderly […]

You need a Health Care Proxy, if you are an adult. It doesn’t matter what stage of life you are in. If you are an adult, you always should have a Power of Attorney, according to Benefits Pro in “Designating powers of attorney: Selection, documentation, and communication best practices“. The Health Care Proxy is also […]

If you don’t have a relationship, you need to look at your options for retirement. If you are not married, do not have a life partner and do not have children, you need to take a different look at your retirement package, according to ABC Action News in “Single? How you should plan differently for […]

Laws vary from state to state, so it would be wise to consult with an estate planning attorney on where you stand legally. Many people who retire prefer to reside in a warmer climate in the winter if they reside in a colder climate the rest of the year. However, before they head south, it […]

Celebrities including Marlon Brando, Prince and Florence Griffith-Joyner should have had up-to-date estate plans. It is not just celebrities who make big mistakes when it comes to failing to keep an estate plan up to date, according to Kiplinger in “6 Estate-Planning Mistakes Celebrities Made“. It could happen to anybody, including your family, if you […]

Only 54% of pastors nearing retirement age have a will. A survey conducted by the Southern Baptist Foundation has found an estate planning contradiction among its pastors, who believe people should create an estate plan but don’t have one themselves, according to the Baptist Press in “Young or old, many pastors lack a will, survey […]

An estate plan can leave you a legacy, as well as protect your heirs from having to make difficult decisions in difficult times. Once again, an entertainer with considerable assets has passed away without an estate plan. The recent passing of Aretha Franklin without a will or trust despite having children shines light on a […]

Mistakes are easy to make when it comes to your benefits so approach the issue carefully. A person in the U.S. works to earn Social Security benefits. It would be a good idea to approach decisions on your benefits carefully, according to the Independent Record in “Don’t Make These 4 Big Social Security Mistakes“. First, check […]

It doesn’t just kick in. You have some work to make it happen. Retirement is a general word that includes Medicare, Social Security and many other retirement options and those can become challenging and confusing, according to newsok.com in “The ABCs (And D’s) of Medicare and other retirement questions answered“. Both Social Security and Medicare […]

The market may be ready for an adjustment and you and your retirement plan should be as well. We know that sooner or later, there will be a market correction. However, if you are getting anywhere near retirement, you need to be prepared to make adjustments to your retirement plans, according to the Associated Press […]