By Tammy Ward and Ed Friderici For most, it is difficult to think about the possibility of needing long-term care. But many will need it. Start the discussion and prepare yourself now, so you do not face a financial challenge later. Long-term care planning—if not now, when? Two big questions loom as the American population …
By Debra Taylor, CPA/PFS, JD, CDFA The Tax Cuts and Jobs Act has made major changes to the tax code. It’s important that you understand these changes to best plan your tax strategy going forward. The Tax Cuts and Jobs Act has brought the biggest tax overhaul in 30 years and has left many with …
By Elaine Floyd, CFP ® A divorced person who was married more than ten years may be able to receive Social Security benefits based on their ex-spouse’s work record. Some women (and it’s usually the woman who was the lower-earning spouse) aren’t aware of this additional benefit, especially if the marriage and divorce occurred early in …
By Debra Taylor, CPA/PFS, JD, CDFA The government has become pesky about one thing—they want the tax dollars that have been locked up in traditional retirement accounts. And think about it. Some of that money has been untouchable for decades. In light of budget woes and Washington wrangling, it makes sense that the government is …
By Jeffrey Levine, CPA/PFS, CFP®, CWS®, MSA IRA or 401(k)? Know the key differences between these two popular retirement plans to ensure you are saving in the right account. Individual retirement accounts (IRAs) and 401(k)s share a lot of similarities. They are both retirement plans. They both can help you lower your tax bill today, …
By Elaine Floyd, CFP ® Rational investors make better decisions—or so the thinking goes. However, new studies show that rational thought and emotions are both necessary to cut through the details, focus on what’s important, and get on with the decision that needs to be made. The science of economics has long been based on the …
By Elaine Floyd, CFP ® It’s not true what they say about aging and the brain. Good thing, too. Now that you likely will live (and work) longer than previous generations, it’s imperative that you understand how to maintain and improve your most valuable asset. Exciting research going on in the field of neuroscience is finding …
By Elaine Floyd, CFP ® Most baby boomers will face seven key events in their last stage of life that will color their finances and investments. Prepare for these events by thinking about them now. It can be dangerous to generalize about the baby boom generation, but there are seven key events that nearly everyone will …
By Richard Atkinson Having a will is necessary, but there is a great deal of information the legal document does not include. Here’s what to cover in a supplemental letter that specifies preferences, discloses critical logistic info, and will save your family significant stress during a difficult time. Having a proper will goes a long …
Last Will & Testament: Add a Letter Covering These 14 Wishes Read More »
By Elaine Floyd, CFP ® An integrative caregiving plan can help you contain costs and take advantage of the various planning and health care resources available. The wild card in any financial plan is the length and severity of the aging process. Longevity coupled with incapacity can decimate a family’s resources, forcing adult children to not …
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