Harry and Wanda got married late in life. This was their second marriage, and both had children from prior marriages. The couple wanted their children to inherit from their respective parents, so Harry and Wanda signed a prenuptial agreement to…
Suppose your mother can no longer make decisions for herself and she now needs nursing-home care. You are stressed and anxious. The nursing home puts a twenty-page, single-spaced contract in front of you. You wish you could flip straight to…
A change in the amount of time to repay a 401(k) loan was included in the Tax Cuts and Jobs Act. However, there are still complications to be aware of. Before this change, employees who took a loan from their…
The importance of making end of life preparations cannot be stressed enough. Many put off making these plans thinking there is always time. The sad reality is that none of us are guaranteed time. Others may be bothered by the…
With or without children, divorce is a complicated transaction, with many moving parts. Things happen during a divorce, which can sometimes take years to complete. One part that is often overlooked is the estate plan, which should be updated as…
Older workers who find themselves unable to find a new job or retirees confronting a health crisis and its associated costs, often turn to their life insurance policy as a source of ready cash. Is it a good idea? There’s…
The holidays are nearing and unfortunately many seniors feel even more isolated during this time. Thankfully, technology has provided some interactive gadgets to help lessen feelings of isolation. One of those gadgets, called the GrandPad, is discussed below. The internet…
Planning a funeral seems to be more appealing than for the hard truths about aging, which include illness, discomfort and often, a loss of dignity. Always going their own way, boomers seem to have decided it’s okay to plan a…
If you are asked to serve as someone’s power of attorney, you’ll need to understand what they are asking you to undertake. If you are asking someone to be your power of attorney, you should know what it is you…
There is a Boeing 457, but that’s not the same as a 457 retirement plan. A 457 retirement plan is also different than a 401(k) plan. Which one you can participate in, depends on where you work. The world of…