Make sure that your legal documents are executed properly. This is a critical and last step for completing an estate plan. Don’t neglect this last detail. First, let’s define what a durable power of attorney is and what it does.…
There are a number of savvy strategies to minimize your tax liability, but some are better known than others. Here are two more to add to your tax toolbox. A Spousal IRA and a Backdoor Roth IRA Contribution are two…
If long-term care insurance seems expensive, do the math and figure out how much it would cost, if you do not have long-term care insurance. It won’t look so expensive. Boomers are concerned about rising premiums, but the longer you…
It will take discipline and serious belt-tightening, but if you haven’t saved for retirement, you can still recover. More than 30% of workers in America ages 45-54 report having saved less than $25,000 for retirement, according to the Employee Benefit…
There should always be a contingent beneficiary on a life insurance policy. There are times when someone simply does not want the proceeds from a life insurance policy. It sounds like an unlikely scenario: someone gets a call that an…
If your retirement planning includes being glued to the television, watching markets rise and fall, minute by minute, you’re doing it wrong. What’s happening inside your portfolio today, has little or no bearing in your retirement. Many investors have tools…
The only daughter of the king of rock says that her former money manager was “reckless and negligent” with investments, while paying himself a hefty $700,000 salary. He’s counter-suing. Lisa Marie Presley says she’s lost the $100 million-dollar trust fund…
The photos are great: healthy seniors enjoying active lifestyles, playing tennis, chatting in the pool and dining in an upscale restaurant. However, review the documents with care before signing up. The concept of continuing care retirement communities, or CCRCs, is…
If you choose not to have a will or create a will without the help of an experienced estate planning attorney, and your will is found to be invalid, you’ll be leaving an expensive mess for heirs. With no will…
We know now that the brilliant songs, dances and smiles from the Jackson Five took place under a harsh atmosphere created by their father, who relied on corporal punishment to drive his kids to success. Before Michael Jackson was the…