It’s easy to dismiss retirement savings when you are young. Retirement seems so far away, and there’s so much you want to do right now. But wiser and older people know how important it is to start retirement savings while…
As Gen Xers enter into their 40s and 50s, it is time for them to become active in the creation and execution of their retirement planning. There are many things to consider, including finances, investments, insurance policies, legal documents, living…
Kiplinger.com is suggesting it is time to rethink your financial retirement portfolio. You may have built up a significant nest egg in a 401(k) plan, but it does come with serious baggage during your golden years. It is impossible 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…
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…
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…
Single people with no children sometimes feel like they might live forever. We know that’s not true, but children do seem to serve as markers of the passage of time. The protections offered by an estate plan for singles while…