Isn’t It Time to Make Sure You Have a Good Estate Plan?
Estate planning is a good idea to protect your family, especially if you have small children.As the New Year of 2019 continues to march forward, it might be a good idea to determine that this is the year to create an estate plan to protect your family, according...
You Most Likely Will Face Taxes on Retirement Accounts
IRS doesn’t care if you are working or not … withdrawals are mandatory. This is important! Do not miss the IRS deadline on withdrawals from retirement accounts once you pass that 70th birthday, according to Money, in “Don’t Miss This Key Tax Deadline.” The problem is,...
Perhaps It Is Best to Make a Plan before a Crisis
Stay calm and make decisions? It is easier if you have a plan to access.If a crisis should arise for a senior member of the family, it can be difficult to make the best decisions under pressure. Perhaps it would be wise to consider making a plan before it happens,...
Passing on Assets? Perhaps Some Can Be Given Away
Want to make a big impact? Consider passing on some of your assets through charitable giving.While many people transfer their assets to the next generation, there are many who want to give some, or even all, of their assets away through charitable giving. That can...
This Year Includes Some Key Retirement Issues
Retirement policies are becoming a hot topic in the political world.There are a number of retirement policy issues that will most likely be highlighted this year, according to The New York Times in “For American Workers, 4 Key Retirement Issues to Watch in 2019.”The...
Planning Needed for Future of Farm and Ranch Families
Many farms and ranches have been in one family for generations and it can be a challenge.Passing assets from one generation to another takes careful thought but it can be very challenging when it comes to family farms, ranches and businesses, according to...
‘Hot’ POA Requires a Great Deal of Trust
If you are thinking of a “hot” power of attorney, take your time and make the decision carefully.Some states allow a financial power of attorney with “hot” power. However, that requires some very careful thought before making the decision, according to the Glen Rose...
Early Social Security Means a Smaller Check
Bad news in the media can spark people to take Social Security before it is gone.Claiming Social Security benefits early means a smaller monthly and lifetime benefit for you and likely for your surviving spouse, according to The Motley Fool tit in an article on a...
Longer Retirement Means More Money Is Needed
It can be tough to save because of everyday life expenditures. However, knowing what sort of retirement you want, makes it much easier. Planning for activities that you expect to do during your retirement and recognizing that the longevity of retirement is increasing,...
Don’t Avoid a Conversation about Growing Older
The talk may be difficult but may turn out to be necessary.It might not be the easiest conversation you have ever had. However, it is a good idea to have a talk with your loved ones about what steps to take as you go through the aging process, according to The Des...
The New Year Is a Good Time for Estate Plan Review
Don’t limit your attention to your investment portfolio. Include a fresh look at your estate plan.Your estate plan is really important and that is why you did it in the first place. Don’t let it get out of date, so take a fresh look at any changes in your life that...
Naming Heir to Estate? Consider a Backup
You may not like considering a back up to your plans for your estate, but it is a good idea.When you name a heir to your estate, you are most likely not thinking of outliving them. However, it might be a good idea to have a backup plan because no one knows what the...
