Retirement Planning

Financial Planning. Tax Planning. Legacy Planning. Estate Planning - How many plans do I need?!

Posted on: November 6th, 2018
Most folks have at least heard of an estate plan. But fewer realize that a simple will is not enough to prepare for your future. In fact, a combination of plans - financial, tax, legacy, and estate - are vital to your financial well-being and protection of your assets and family. All of these plans are closely linked, affecting one another but also serving different purposes. ...

Estate Planning When Not All of Your Kids are in the Family Business

Posted on: October 30th, 2018
Owning your own business can be a great endeavor that takes a lot of passion and drive. Many small business owners focus on the day-to-day management and growth of the business, rather than thinking about a time when he or she may not be in the business. This is a far too common mistake....

How Does an IRA Fit Into Your Estate Plan?

Posted on: October 16th, 2018
When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone? ...

Better to Play it Safe: Proactive Estate Planning and Cognitive Impairment

Posted on: October 9th, 2018
Factoring the potential for cognitive impairment into your estate plan doesn’t have to be a headache....

The Value of Having a “Life Plan” in Estate Planning

Posted on: October 2nd, 2018
All too often, estate planning is viewed as a transaction; just sign here, here, and here on a document: will, a living trust, and powers of attorney - then be off....

Why Factoring Long-Term Care Into Your Estate Plan Pays Off

Posted on: September 25th, 2018
While only about 19 percent of current U.S. residents will need to reside under long-term care for a period of over three years, that number sharply increases when factoring in nursing home stays of a shorter duration — which will still have a substantial impact on your estate....

You’ll Be Surprised: When Is The Best Time To Plan Your Estate?

Posted on: September 11th, 2018
The second best time to plan your estate is right now....

How Long Should You Keep Important Documents?

Posted on: September 4th, 2018
In a society dominated by paperwork, the question of how long to hold on to important documents has been baffling for most people. ...

How Does an IRA Fit Into Your Estate Plan?

Posted on: August 14th, 2018
When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone?...

When Is It Time to "Service" Your Estate Plan?

Posted on: July 31st, 2018
Over the course of your lifetime, your estate plan will need check-ups, maintenance, tweaking, and maybe, even replacing. ​...

Five Surprisingly Common Planning Mistakes Baby Boomers are Making in Droves

Posted on: July 17th, 2018
As many baby boomers make the financial transition into retirement, many are learning that they have made some of the most typical retirement mistakes....

How Does an IRA Fit Into Your Estate Plan?

Posted on: April 10th, 2018
Individual retirement accounts (IRAs) are often one of the biggest financial accounts you invest in over the course of your lifetime....

How Does an IRA Fit Into Your Estate Plan?

Posted on: March 27th, 2018
When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone? ...

Better to Play it Safe: Proactive Estate Planning and Cognitive Impairment

Posted on: March 13th, 2018
No matter your age or family history, cognitive impairment can affect anyone....

The Value of Having a “Life Plan” in Estate Planning

Posted on: February 20th, 2018
All too often, estate planning is viewed as a transaction; just sign here, here, and here on a document: will, a living trust, and powers of attorney - then be off. But the best planning happens when an estate planning attorney can get to know the client on a deeper level, to uncover hopes, dreams, and aspirations. It becomes more about family and values, and it becomes a lifelong process instead of a transaction....

How to Align Insurance with Your Estate Plan

Posted on: January 23rd, 2018
If you’re like most folks, you use a variety of insurance products to manage risk and protect you, your family, and your assets from losses caused by property damage, businesses, property, accidents, disability, retirement, and death....

What are contract assets?

Posted on: December 19th, 2017
What are contract assets?...

Why You Should Name a Stand-Alone Retirement Trust as Beneficiary

Posted on: December 12th, 2017
Naming the right beneficiary for tax-deferred retirement accounts is critical. Most people want to continue the tax-deferred growth for as long as possible, pay the least amount in income taxes and get the maximum stretch-out...

How to Stop Worrying About Running Out of Money in Retirement

Posted on: November 15th, 2017
Many retirees today worry about having enough money for their retirement. Of special concern is if there will be enough money to provide for the surviving spouse. ...

Better to Play it Safe: Proactive Estate Planning and Cognitive Impairment

Posted on: November 1st, 2017
The reality is that an individual’s chances of experiencing some form of cognitive impairment rise with age. While it’s never certain whether cognitive impairment will occur, smart estate planning means factoring it in as a very real possibility....

‘Till Death Do Us Part, Too: Estate Planning Tips for Commitment Without Marriage

Posted on: October 18th, 2017
If you and your significant other love each other but don’t want to tie the knot, you need an estate plan that takes into account your specific situation while protecting you both, along with any other family members or loved ones you wish to include....

Standalone Retirement Trusts

Posted on: August 21st, 2017
What are the benefits of a Standalone Retirement Trust?...

Is a Financial Plan Enough? Why Experts Say You Need an Estate Plan, too

Posted on: August 11th, 2017
If you want to leave a robust financial legacy for your family, a financial plan alone is like trying to guide a boat with just one oar. It’s only part of the big picture for your overall monetary health. ...

What if I end up using up my retirement account during my lifetime??

Posted on: July 17th, 2017
Even after you set up a standalone retirement trust, you’ll have full control and the right to enjoy your retirement funds for years....

What if I end up using up my retirement account during my lifetime?

Posted on: June 28th, 2017
What if I end up using up my retirement account during my lifetime?...

What is an SRT?

Posted on: May 17th, 2017
What is an SRT?...

What are contract assets?

Posted on: May 1st, 2017
Contract assests, are not controlled by your will or trust, they’re controlled by the contract itself....

What is a beneficiary designation?

Posted on: April 12th, 2017
What is a beneficiary designation?...

Do I have to name my spouse as the beneficiary of my retirement account?

Posted on: February 21st, 2017
You can name someone else or a trust as the beneficiary....

How to Stop Worrying About Running Out of Money in Retirement

Posted on: January 27th, 2017
Many retirees today worry about having enough money for their retirement. Of special concern is if there will be enough money to provide for the surviving spouse. ...

Why You Should Name a Stand-Alone Retirement Trust as Beneficiary

Posted on: January 20th, 2017
Naming the right beneficiary for tax-deferred retirement accounts is critical. Most people want to continue the tax-deferred growth for as long as possible, pay the least amount in income taxes and get the maximum stretch-out. Required distributions after the owner dies will be based on the new beneficiary’s age and life expectancy, so the younger the beneficiary (like a child or grandchild), the longer the stretch out....

Three Social Security traps to avoid when taking your benefits.

Posted on: April 21st, 2015
What you don't know about Social Security benefits can hurt you and your spouse for the rest of your lives. Here are three traps to avoid when taking your benefits. The Key Takeaways o The longer you can postpone taking your Social Security benefits, the larger the amount you and your spouse will receive over your lifetimes. o Continuing to work after you start receiving benefits early can temporarily reduce the amount of your benefits. o It is important to seek the advice of a retirement specialist who can help you navigate the rules of Social Security to your best benefit. ...
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