It’s easy to put off starting an estate plan. However, you really do want to take care of your family. Why should you have an estate plan? There are many reasons and many goals, including providing for your spouse and children, as well as dealing with a family business, minimizing tax liabilities and naming the […]

Most people seek confirmation that they have accumulated enough for the remainder of their years. You can put a lot of effort into saving for retirement and still have questions. However, it is important to know that the success of your plan will often be your income to expense ratio, according to Investopedia’s article “Determining If […]

There are tools in an estate plan that a college student may need and are also beneficial to you. If your child is heading off to college, you have prepared them already with background education and the ability to live away from home. However, are they prepared with the documents that an adult needs? They […]

Retirees may find themselves facing a major federal tax increase fueled by tax-deferred accounts. There are many financial strategies occurring as you save toward your retirement, including maximized annual contributions and compounding interest. This can cause a tremendous tax bite, unless you are careful, according to the Citizen Times in its article “Try this strategy […]

Shortages in some sectors make partial retirement an inviting opportunity for both parties. Not every person who reaches retirement age wants full retirement. Some labor markets make it easy to ease into retirement while helping out employers, according to The New York Times in “In a Tight Labor Market, Retirees Fill Gaps Their Previous Employers […]

If you do not have children or a spouse to include in an estate plan, the first thought may be family and friends. That is probably a good place to start. If you do not have any children or a spouse, there are many options available for creating an estate plan that benefits others, according […]

Pew Research analysis reports 20% of population living in multigenerational homes. There are a record number of multigenerational homes in the U.S. and that trend is expected to keep rising, according to a Pew Research Center analysis reported in Financial Advisor Magazine in “How to Address Multigenerational Estate Planning Issues“. For some families, it’s college […]

Second marriage? You’ve entered a brave, new world, when it comes to estate planning. A second marriage can sometimes create a problem, because the biggest reason that stepparents and stepchildren fight is over money, according to the AARP in “Don’t Split Heirs With Your Estate“. If you and your spouse are each financially independent and […]

Fees can drain your accounts, so watch them carefully. You have saved for many, many years and are now ready for retirement. You need to accomplish many tasks as you get ready to leave your job but one of the most important things to watch for as you go over your accounts are hidden fees, […]

Social Security rules and regulations are the key to the magic retirement age. For some reason, many American have come to believe the magic number for retirement is 61 and they are wrong, according to The Motley Fool’s article “Americans’ Ideal Retirement Age–and Why It’s Not Realistic“. The article is based on a survey from […]