Go to an attorney for a Will and you’ll get not one document, but several—the Will, a Durable Power of Attorney, a Health Care Power of Attorney, and what may be the most overlooked and under-appreciated of the documents, a Living Will. The Will lays out what happens after...
The wife of a friend of mine passed away recently. He’s going through the grief and loneliness you’d expect after being married 53 years. And now he has a new challenge, one I’ve seen with so many other widows and widowers—dealing with the long list of legal and financial...
Welcome to the show, where you, as part of the studio audience get to hear some of the most common reasons why people don’t plan for the distribution of assets after they’re gone. Listen closely, so you don’t make the same excuses.
Okay, maybe that’s a little over-the-top, but not...
It’s a tiny little gift from the IRS, but it’s still a gift. Beginning January 1, 2022, Required Minimum Distributions on IRAs, qualified retirement plans, and annuities will be less. It’s your reward for living longer.
RMDs have to be taken by people turning age 72 after 2019. Older taxpayers...
2020 has been a year fraught with stress, anxiety and change—some for the better, some for the worse. We’ve all been forced to rethink goals, dreams, timelines and reality. Retirement plans have not escapedscrutiny either.
At the height of the covid crisis, the Social Security advice site, SimplyWise, conducted its...
The definition of retirement is changing. Baby Boomers are figuring out that retiring doesn’t mean sitting down and doing nothing. Now and going forward, retirement is about changing gears and pursuing ideas and passions you’ve not had time for.
Sometimes changing gears means continuing to work, to give back from...
May you live in interesting times. Although that sounds like an ancient blessing, it’s believed to be a Chinese curse casting instability and uncertainty on the person who hears it.
Blessing or curse, it’s a great description of the year we’ve just come through, and in spite of all the...