Archive | Estate Planning RSS feed for this section
baby boomer couple 2

7 Out Of 10 Baby Boomer Wives Outlive Husbands

Half of all wives are widowed before age 60. Seven out of 10 baby boomer wives are going to outlive their husbands. Those are daunting statistics for women and men alike. And few are prepared for the reality of life on their own. That reality can be very overwhelming, especially in the beginning. While there […]

Read full story Comments { 0 }
downton matthew and mary

More Estate Planning Lessons From Downton Abbey

Over ten million Americans tuned in Sunday night to see the long-awaited fourth season of the British hit show Downton Abbey, which follows the life, loves and travails of an upper crust English titled family and their servants in the tumultuous 1920s. The show has also provided rich fodder for the “what not to do” school […]

Read full story Comments { 0 }
holding hands older

Quote Of The Week: The 10 Warning Signs Of Alzheimer’s

“Alzheimer’s disease is the only cause of death among the top 10 in the United States that can’t be prevented, cured or slowed down.” Ben Tinker, CNN, July 18, 2013, “The 10 warning signs of Alzheimer’s”   If you have experienced Alzheimer’s first-hand in your family, you know how frightening the disease can be. More […]

Read full story Comments { 0 }

Estate Taxes 2013: Big Sigh Of Relief

With all the confusion over year-end changes in tax laws, the good news over estate taxes may have gotten lost in the shuffle. If you missed it, here’s a quick update: Under the American Taxpayer Relief Act signed into law in January 2013, the federal estate tax exemption of $5 million per person was made permanent. Since […]

Read full story Comments { 0 }
downton abbey

Estate Planning Lessons From “Downton Abbey”

Who says television isn’t educational? Here’s a clever piece by Corey Dahl called “8 estate planning lessons from “Downton Abbey.” Writes Dahl: “The Masterpiece Theater hit “Downton Abbey” offers helpful lessons in a lot of things. … In between all the backstabbing, messy relationships and ego-fueled showdowns, the miniseries is also an in-depth tutorial on the prudence […]

Read full story Comments { 0 }
aging in plce

Quote Of The Week: “Aging In Place” In Your Home

“An AARP survey found that more than 80% of us want to stay in our home as we grow old.” Tweaking your home to ‘age in place’, Bloomberg News, December 9, 2012   More seniors want to stay in their own homes as they age, but that means they’ll often need to make modifications as […]

Read full story Comments { 0 }
health care costs

Medicare Tops Seniors’ Financial Concerns

More seniors (61%) are concerned about the future of Medicare than about any other financial issue, according to a recent survey. “I don’t think it’s a big surprise,” said Mary Dale Walters, senior vice president at Allsup Medicare Advisor, sponsor of the survey, adding that most seniors rely on Medicare for their health care coverage. […]

Read full story Comments { 0 }
Last-Will-and-Testament

Estate Planning Disasters … And How To Avoid Them

Everyone over age 18 should have in place basic estate planning documents like a Will, a Durable Power of Attorney, and advance medical directives providing instructions in the event of a medical emergency. These documents are especially critical if you have minor children or others who depend on you financially. Of course, some people with […]

Read full story Comments { 0 }
second-marriage

Making Your Second Marriage A Success

Marriage isn’t always easy the first time around, and the same divisive issues can surface in a second marriage. About one-fifth of all marriages taking place in a given year are between couples where at least one of the spouses has walked down the aisle before. The good news is that, based on the data available, second […]

Read full story Comments { 0 }
IRA Roth 401k

Higher 401(k), IRA Contribution Limits in 2013

You can put more money in your IRA and 401(k) accounts next year and get bigger tax deductions. Before year-end, make sure to change your payroll deduction instructions for 2013 to take advantage of the higher limits. For 2013, the IRS just announced higher contribution limits for a range of retirement plans and gifts. Traditional IRA […]

Read full story Comments { 1 }