For months now, we’ve been told by the media and by friends and neighbors about all the ways people have been affected by COVID-19. But here’s one you may not have heard about—losing the family home after the death of parents or grandparents who were receiving Medicaid benefits for...
“Tower, this is Bill. I’m on the final approach to retirement and need landing instructions. Do you copy?”
“Roger, Bill. Sending course corrections now. Then you are clear to land.”
Retirement is not something that just happens when you tell your employer goodbye and walk out the door. It’s a constant...
Estate planning, like most other things, uses a vast array of tools to accomplish its goal. One of the tools is a trust. But there are more trusts, as the old farmer said, than you can shake a stick at—revocable, irrevocable, living, testamentary, charitable remainder, qualified domestic, special needs,...
It’s called the survivor trap or widow’s penalty. It’s a financial monster that eats away retirement income after one spouse dies, often leaving the surviving spouse with no hope of the retirement they expected. Here are some of the pitfalls of the Survivor Trap.
Loss of Social Security
One of the...
Every vehicle in the world operates best with regular maintenance. A regular tune-up finds what’s still working well, what parts need to be replaced, and what changes are necessary to keep it running the way it’s supposed to. The same thing applies to your estate plan. Without a regular...
