Remember how exciting it was to get your first driver’s license? It wasn’t the prospect of getting from point A to point B faster than walking or riding a bike that excited you. No, you were thrilled about the freedom and independence afforded by your new license and the opportunity to drive wherever you wanted… Read More »
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Retirement Planning All That Much More Important for Women
Although the saying goes that two can live as cheaply as one, the opposite can also be found to be true for an older woman. No woman wants to think about how her life might change in her older decades, however, living alone can lead to higher expenses and with longevity numbers higher for women… Read More »
Outliving Your Life Expectancy and What This Means for Retirement
Most people entering retirement today know that they may live a long time. Others still can expect a long life expectancy but potentially one that is impacted by one or more long-term care events. That’s why careful planning with a Massachusetts estate planning lawyer can help you look ahead to retirement with confidence and peace… Read More »
What You Need to Know About How a Job Loss Today Can Impact Your Future Retirement
Many people across different age categories in the United States struggle financially and a sudden illness or a job loss can have a major impact on their retirement savings accounts. These savings accounts are often tapped into during emergency situations because they provide ready cash. However, withdrawing from your retirement account now can have significant… Read More »
Long Term Care Increasingly Means Being Managed at Home
The process for long term care and Medicaid is rapidly changing and may shift dramatically in the next several years. Approximately half of all states around the country are currently providing Medicaid long term care benefits through managed care and 13 additional states require older adults to receive care in that same manner. In addition,… Read More »
The Connection Between Poor Health and Saving for Retirement
If you cannot afford to retire yet, you may need to keep yourself healthy enough to continue working. According to a project released by the Transamerica Center for Retirement Studies, of the 39% of individuals around the world who retired sooner than planned, 29% did so because of less than ideal health. In the United… Read More »
New Study Identifies Giving Practices by Retired Individuals
Looking ahead to your retirement has probably been something that you’ve planned for for decades. You’ve invested in the right accounts, charted out what you might need to support you through older years and consulted with a financial planner and estate planner on a regular basis. A new study conducted by Merrill Lynch identified that… Read More »
Keys to Preserving Wealth Through Multiple Generations
Keys to Preserving Wealth Through Multiple Generations Many different people are interested in protecting their legacy as well as passing on as much wealth as possible to future generations. According to research, however, many high net worth families have lost their fortunes by the second or the third generation. Up to 70% of a wealthy… Read More »
Alan Thicke’s Estate: A Subject of Conflict
Plenty of celebrity deaths have raised important considerations about the estate planning process. At the time that he unexpectedly passed away, Alan Thicke appeared to have a fairly comprehensive estate plan in place. He generated a trust in 1998 for the benefit of his family and executed a prenuptial agreement in 2004, when he married… Read More »
These Retirement Errors Could Cost You and Your Kids
Planning ahead for retirement is something you’ve probably been doing for a long time. However, many people are plodding along with their retirement plans without realizing that some mistakes could be costing them and their children in a big way. Here are the ten biggest mistakes you might be making with your retirement plan that… Read More »