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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 […]
The decision to disinherit someone isn’t made lightly and needs careful consideration. Sometimes, as the difficulties of life wind through families, it is decided it would be best to disinherit a family member. It can be done. However, it needs careful legal consideration, according to Next Avenue in “How to Disinherit a Family Member“. The […]
There are some lessons to be learned from the experience of others. Things do not always go as we plan. A couple planned and saved for their retirement but then faced some tough challenges, according to the Canton Citizen in “Smart About Money: Retirement Lessons“. The article details the story of an 80-year-old man who […]
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 […]
What measures would you like carried out, if health issues arise and you can’t speak for yourself? A very important conversation to have with your loved ones is what type of care you would like should a health crisis arise. While it most likely will not be your favorite conversation, it is important that you […]
Early signs of the loss of a customer’s mental agility may be recognized by banking personnel. New federal legislation gives banks and financial institutions new tools to join in the efforts to halt the ever-growing problem of elder financial abuse, according to The Wall Street Journal in “Banks Monitor Older Customers for Cognitive Decline“. Financial […]
