RETIREMENT PLANNING INFORMATION
Individual Retirement Accounts (IRAs) are fundamental tools for both retirement savings and estate planning. Choosing the right type of IRA—Traditional or Roth—requires a clear understanding of how each functions in relation to your financial goals and estate planning needs.
As seniors approach retirement, maximizing Social Security benefits becomes crucial for ensuring financial stability in their golden years.
As the New Year approaches, it's an ideal moment to reflect on your goals and resolutions, especially if you're aiming to retire in 2024. Retirement is a well-deserved phase of life, but it demands thorough planning to ensure you can enjoy your golden years to the fullest.
In this blog, we explore the essential estate planning considerations for retirement, and we'll walk you through a real-world example of Jim's journey to ensure a seamless financial transition.
If the pandemic proved anything, it’s that life tends to get in the way of our plans — including retirement plans. Over the course of the pandemic, many people were forced to retire early, others decided they wanted to retire and still others opted to change their planned retirement date.
While deciding when to retire it might seem simple, it’s an increasingly complex decision and there may not be an easy answer. There are many opportunities as well as challenges that need to be considered when deciding if retirement is the next step.
Since it was created in 1978, the 401(k) plan has grown to become the most widely-used type of employer-sponsored retirement plan in the U.S. These plans provide millions of workers money to be invested for their retirement, and 401(k) plans have become a key benefit of a job for many employers across the state.
Retirement is one of the most important financial decisions you’ll ever make, so it is important to stay informed and be wise with your money for this next stage in your life. Here are some tips to help you get on the path to a fulfilling retirement:
You want your loved one to benefit from your retirement account, not the creditors. If you or your beneficiaries fall into any of these five categories, you should seriously consider using a standalone retirement trust (SRT) to protect your retirement accounts.
You would think that after working for decades that you wouldn’t be expected to pay any taxes after retirement, sadly this is not true. The truth is, you will continue to be expected to pay retirement taxes.
When it comes to estate planning, choosing the right type of trust is a crucial decision. Trusts can offer significant control, flexibility, and benefits in managing your assets during your life and distributing them after you’re gone.
Veterans and military families have unique estate planning needs, including access to specialized benefits and considerations that reflect their sacrifices and service.
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Long-term care planning is a crucial step in ensuring that you or your loved ones will be able to afford the care needed in later life. But when is the right time to start long-term care planning? The simple answer: sooner than you think.
If you have stepchildren and want to include them in your estate plan—or if you’re wondering what rights they have without specific provisions—it’s important to understand how the law views stepchildren in the context of inheritance.
As we celebrate Estate Planning Awareness Week, it’s time to take control of your future by ensuring you, your family, and your legacy are protected.
While it may seem straightforward, selecting the right beneficiaries requires careful thought and planning to avoid unintended consequences. Here’s what you need to consider when making this vital choice.
When it comes to understanding Medicaid and its implications—especially regarding long-term care—many misconceptions abound. In this blog, we address some of the most common myths and provide clarity on the facts.
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An election year brings a wave of uncertainty, especially when it comes to financial planning and estate management. Whether you already have a plan in place or need to start from scratch, an election year is a critical time to evaluate your strategy and make necessary adjustments.
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