Financial planning is one of the last things someone wants to be thinking about when they lose a spouse. Combining that with the decisions that have to be made is a recipe for poor decision making. Luckily, not all decisions have to be made right away, and this episode will go through some the more …
The American College of Financial Services has published 18 risks you face in retirement. In Part 2, we discuss the risks associated with aging, public policy risk, and more. The takeaway: You often get to choose the risks you want to mitigate, but it usually means taking on a different risk. 9 Mistakes to Avoid …
People retiring single have to think about some areas differently than couples. In some ways, retirement planning is more simple. In others, it can be more complicated. This episode walks you through eight areas the single retiree should be thinking about, including taxes, Social Security, long-term care, Medicare and insurance. 9 Mistakes to Avoid When …
Many of you have purchased life insurance at some point because someone depended on you financially and you are a responsible person. However, several of you were probably sold some sort of permanent policy that you don’t need anymore, if you ever needed it. There are different types of permanent insurance, but this article focuses …
529 Plans: Beyond the Basics Traditionally 529 plans were used to save for college in the future. While you can still do that, and probably should at a certain point, there are other ways to take advantage of the tax benefits these plans offer. Strategies include: Paying for college now, even if you don’t have …
What Happens If I Die Without A Will? I get this question a lot when doing financial plans and it’s a valid question whether you are a young family or approaching retirement. But first, this is not legal advice. I am not an attorney and have never been an attorney. Please consult an attorney if …
This week I’m posting an article I wrote, but it’s not on my website. I was fortunate enough to have it published on White Coat Investor, a well known financial blog that I’ve followed for years. The link below will take you to the article on their website: “Financial Planning Implications for Solo-Practice Owners” ** [Editor’s …
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