It is never too early (or too late) to start talking about estate planning. While the topic can be a difficult one to approach with your parents or elderly loved ones, it needs to happen.Without the proper estate plan in place, you may be waiting to make decisions that can no longer be made by [...]
You’ve suddenly realized that you need to have an estate plan. We all know that nobody really wants to think about what is going to happen when they are too sick to make decisions for themselves—or when they are gone. That can make estate planning stressful and frustrating, but it does not have to be [...]
When we think of things that we are going to leave behind when we are gone, leisure may not be one of them. Leaving airline miles and vacation homes to your next of kin are very common occurrences. If you are considering leaving your family vacation home or your airline miles to your next of [...]
Did you know that there may be instances where you are taxed on your Social Security benefits? Depending on what kind of retirement accounts you are drawing from there is a risk that your benefits could add to your total income increasing the amount you must pay in taxes. Here is some information to keep [...]
Social Security benefits are an important part of many people’s retirement finances. Because of this you want to be able to maximize the benefits that you are going to be receiving. Here are some tips that will help you maximize your benefits. […]
The spousal benefit can be a pretty confusing part of your Social Security benefits. For example, if you are a primary earner, but your low income earning spouse (who happens to be older than you) wishes to collect their spousal benefits based on your income they may not be able to. […]
Did you begin collecting your social security benefits sooner than you actually needed to? If you did this means that you could be affecting the amount of benefits that you are going to be receiving later in life. Fortunately there is something that you can do. It is called a Start Stop Start strategy that [...]
Retirement is expensive and tricky. Balancing an income from investment accounts, pensions and retirement funds takes a steady hand and some knowhow. Don’t fall prey to these common mistakes and put you and your spouse in a bad financial situation when you need your money the most. […]
Many seniors believe that they simply don’t have time to continue investing like they did earlier in life. This is simply not true. While it might take a little more finesse than in previous years there is plenty of time to let the money that you have work for you. Here are some tips for [...]
Do you have an estate plan? You should. Estate planning is a way to ensure that your assets are distributed the way that you wish. It can also help protect you in cases where you are incapacitated and need a trusted loved one to make decisions for you. Here are some common myths about estate [...]
