Estate
Caring for Aging Parents
Our featured article of the month, Caring for Aging Parents, helps you start the difficult conversation many of us have had to engage in. The" sandwhich generation", those with aging parents and young children, are increasingly finding themselves in this challenging predicament. Ultimately, having to parent both our children and our parents is a major...
Consider Keeping Your Life Insurance When You Retire
Our featured article of the month, Consider Keeping Your Life Insurance When You Retire, starts the conversation on this topic and expands on it slightly in regards to insurance planning strategies. Traditionally, life insurance was considered unnecessary once you hit retirement, the nest was empty and a liability such as a mortgage was satisfied. However,...
Navigating Retirement Pitfalls
Our featured article of the month, Navigating Retirement Pitfalls, reminds retirees about the sidesteps that can lead to difficulties when it comes to their retirement planning moves. While life happens and the inevitable falls upon us, being prudent and following sound advice can help lessen the overall impact possible miscues may have on the health...
Understanding Extended Care
Our featured article of the month, Understanding Extended Care, explains some high level points on what extended care looks like in terms of its services, cost, and sources for payment. Of course like most things, when you are in it, the reality of the situation is much different. Reviews by Medicare graded facilties were based...
Healthcare Costs in Retirement
In a 2022 survey, 35% of all workers reported they were either “not too” or “not at all” confident that they would have enough money to pay for their medical expenses in retirement. Regardless of your confidence, however, being aware of potential healthcare costs during retirement may allow you to understand what you can pay...
End-of-the-Year Money Moves
Our featured article of the month, End of the Year Money Moves, provides a few smart ideas on preparing your financial situation for year end. Considering how difficult the investment markets have been this year, why not take advantage of tax-loss selling to offset current or future capital gains? And see below a link to...
What Happens When There Are No Beneficiaries
Our featured article of the month, What Happens When There Are No Beneficiaries, outlines the common steps utilized when determining the benficiary of an investment or proceeds from an insurance policy. As stated, most retirement plans will default to the surviving spouse, by state law, even if no beneficiary is listed on the plan account. Of...
Major Risks to Family Wealth
Our featured article of the month, Major Risks to Family Wealth, highlights some of the more commonly made mistakes investors make when planning for their family wealth's legacy is incomplete or ignored. Many, even without substantial financial wealth, do not appreciate the implications of such a misstep. The Federal estate tax limit in 2022 is $12.06...
End-of-the-Year Money Moves
Our featured article of the month, End of the Year Money Moves, provides a few questions that may help you consider some necessary or prudent moves prior to year-end. With another year of significant disruptions, work statuses may have adjusted, resulting in changes in your tax status. You may have increased your charitable contributions due to the...
Life Insurance with Long Term Care Riders
Our featured article of the month, Life Insurance with Extended-Care Riders, briefly touches on a topic of growing importance as our Boomer generation ages; funding Long Term Care. While the article uses the term "Extended Care", the terms are synonymous. Long Term Care (LTC) needs are expanding greatly as seniors live longer and medical advancements...