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…
While it may all even out in the end, when you take your benefits could have a real impact on the quality of your retirement life. Any big decision is easier to make, when you have all the necessary information.…
Placing the family home into a life estate can be a worthwhile move, since it permits an aging parent or other family member to remain in the house, while allowing heirs to have eventual ownership. A family had fond memories…
Most people tick off the boxes for their IRAs with mutual funds offered by the plan’s custodian. However, for the adventurous independent investor, your IRA could be used in overseas markets. There’s a world beyond domestic mutual funds, bonds and…