Tag: Asset Protection
Enlisting the help of a qualified wealth management professional to determine which type of IRA will best support a person’s retirement goals. So you want an IRA, but you aren’t sure if you need a traditional one or a Roth. How do you decide? Let’s explore the Roth IRA a bit further to help your […]
Should you be happy or suspicious of dad’s new girlfriend Goldie? If Goldie is in similar circumstances—divorced or widowed, with her own assets—you might be thrilled. But if she’s much younger and your family and friends have never heard of her before, it could be hard to tell if you’re dealing with a paramour or […]
Advocates of prepaid tuition plans call them “peace of mind programs” and say they still offer that comfort … But some programs have run into trouble after investments lost money in the market downturn in 2008-09 and tuition rose faster than expected. Spring graduations are right around the corner! For all of the 2014 grads, […]
While my mother never ran a retirement calculator or created a formal retirement plan, she incorporated her individual longevity expectations into her retirement thinking. She enjoyed working past 65 and was also aiming to fortify her finances for what she logically expected would be a long retirement, given her good health and matrilineage. A recent study in […]
A federal consumer activist, along with a professor of elder law and representatives from organizations like the State Attorney’s Office and AARP told a gathering of elder advocates in Miami on Tuesday that financial exploitation of seniors could grow worse as the country ages. Elder financial exploitation and abuse is a growing problem, and experts […]
Different plans, tools, and strategies might be needed for people with other life stories. The U.S. has a divorce rate of more than 50%, and many divorcees end up moving on and remarrying. So it is no surprise that there are more blended families today than ever before. This was the subject of a recent […]
Future generations of homeowners should remember the frustrations and family struggles that were caused by the housing bubble being burst and exercise sounder judgment when it comes to buying their next home. Were you planning on using your home to fund your retirement? That strategy may not be as sound as it may have been […]
Plan to review your beneficiary designations on a regular schedule, ideally as part of an annual review of your finances. Life can get hectic, so it’s best to have a plan when it comes to annual to-do’s or check-ups. Otherwise, some very important things may fall through the cracks. Did you change the batteries in […]
Could you be legally liable for paying for your parents’ care? Filial support laws exist in 29 states as well as Puerto Rico, and have quietly existed on the books for a long time. Now, however, these laws are a very real and present concern for the adult children of elderly loved ones. Fortunately, Forbes […]
The fear that the government could one day seize their homes is deterring some people from signing up [for Medicaid]. Medicaid comes with a lot of give and take. It is a safety net for those who need it, but it does come with its drawbacks. One drawback many are now discovering is “Medicaid Asset […]
