Ten Birthdays Impacting Your Retirement Income
Weekly Update – 8/30/23 Your age significantly affects how much money you'll have during your retirement years, and different retirement benefits have different eligibility ages. Over the course of 23 years, from age 49 to 72, you'll need a financial retirement plan...
Commonly Overlooked Healthcare Expenses
Weekly Update – 8/23/23 Proper retirement planning is vital for securing financial well-being during the later stages of life. Among the crucial aspects that are often neglected, healthcare expenses stand out. While healthcare is a necessity for retirees, it can also...
IRS Issues Warning on TikTok-Promoted Trusts
IRS has issued a Chief Counsel Memorandum (CCM) – AM 2023-006 (August 9, 2023) warning people about the proliferation of incorrect information regarding so-called “NICDS” (non-grantor, irrevocable, complex, discretionary, spendthrift trusts). IRS says that several...
A Cautionary Tale of Estate Planning
Weekly Update – 8/16/23 It was a significant moment etched in history—August 16, 1977—when the world mourned the loss of the iconic "King of Rock ‘n’ Roll," Elvis Presley, whose passing was attributed to a sudden cardiac arrest. In a manner similar to other well-known...
5 Important Ages to Know Before Retirement
Retirement planning is a long-term process with key milestones along the way. When you reach certain ages, you’ll be eligible for various programs and services, and you’ll have further access to retirement planning tools. These are the key ages that mark those...
Asset-Rich but Cash Poor: Understanding the Retirement Predicament
Weekly Update – 7/26/23 Retirement is a time when most people expect to enjoy the fruits of their labor, with financial security and a steady income from investments or savings. However, for some individuals, this period can present a unique financial challenge: being...