What can you do to help your heirs? The probate process can be expensive for some estates. Settling an estate through probate can cost you both time and money. It could take up to a year for the estate to be settled, plus attorney’s fees, appraiser’s fees, and...
Even those who have saved millions must prepare for a lifestyle adjustment. A successful retirement is not merely measured in financial terms. Even those who retire with small fortunes can face boredom or depression and the fear of drawing down their savings...
“Roth conversion” is a phrase often thrown around, but seldom explained. Simply put, a Roth conversion allows an investor to convert a “pre-tax” retirement account (a Traditional IRA) into a “post-tax” retirement account, better known as a ROTH IRA....
Is 62 your lucky number? If you’re eligible, that’s the earliest age you can start receiving Social Security retirement benefits. Although collecting early retirement benefits makes sense for some people, there’s a major drawback to consider: If you...
Is it time to contribute more? Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022. New limits Staying put for 2022 are traditional Individual Retirement...
What do you think of when you hear the words Long Term Care (LTC)? If you are like most people, the first image that may come to mind when you think of Long Term Care is a bedridden, elderly individual who requires constant care, along with various medical...