Many of us have invested in a 401(k) or some similar savings plan so that we can enjoy a comfortable retirement. But did you know that there are short-term benefits as well? Contributions are not included in current taxable income. That’s a very lucrative break that helps make saving much more enjoyable.
Kiplinger’s new article, Read More
The challenge of helping aging parents is a most common issue. For example, a man’s father, who recently was diagnosed with dementia, couldn’t remember where his money or financial records were kept. That makes for a gut-wrenching situation, trying to locate important documents while caring for an ailing father. Have that tough conversation now and concentrate on the top areas of your...
Congratulations! After putting it off for as long as humanly possible, you’ve finally completed and implemented your estate plan. Check that box and cross that off the list! But are you really finished with the planning? The answer must be “no,” or this would be a very short post. There’s one very important step that remains: a periodic review and update of your estate plan in its ent...
Term life insurance will cover you for a certain period of time. Alternatively, whole life insurance also includes a savings account known as its cash value, which builds over time. You can borrow against the cash value or surrender the policy for the cash. Huffington Post’s article, ...
Young adults and the millennial children of older adults are not who you’d think of as needing estate planning advice. These people are most likely away at college or just starting their careers and probably have little in financial assets. Investment News’ recent article, Read More
Money Magazine says that the generation gap has a new frontier: IRAs. The article, “Why Older Americans Should Get Hip to the Roth IRA,” says that the older you are, the more likely you are to favor a traditional IRA over a Roth IRA. However, older investors might want to look at what the young...
Don’t Be Shy: Talk to Parents About the Future
Changes are Happening All the Time: Keep Your Estate Plan Current
Is Whole Life Insurance Right for You?
Another Young Actor Dies Without a Will
Old School Traditional IRA versus New School Roth
