Difficulty in Financial Planning for Singles
It is not uncommon for people to assume that financial planning for singles is easier financially than married people. However, if you step into the shoes of a single person you will quickly find that it takes more than 50% of what a married couple needs to live on singlehandedly. In other words many people think […]
Often the question asked is, can money buy happiness? While the answer I am given from my well-heeled clients and friends typically begins with a defensive sounding no, when they expand on their reply they generally finish it by agreeing it does provide them things that make them happy. Research seems to be inconclusive when […]
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In a divorce settlement, you don’t get do-overs. Doing your homework and enlisting the help of trusted professionals, including a Certified Divorce Financial Analyst ™ can prevent costly mistakes. Few times of crisis require immediate, clear-headed financial thinking like a divorce, so arm yourself by gathering every scrap of information on your finances. Request your […]
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Where you might find yourself when looking at your chances of achieving retirement success and some tips to soften the blow. As a financial professional, I constantly talk with people about their retirement goals and while the expectations of my clients may vary when it comes to specifics of how they will spend their “Golden Years”, […]
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If you have children and if they inherit your IRA or 401k, they have other options available instead of having to take all of that money immediately upon inheritance out of the IRA or 401k and paying taxes on it. They can stretch out the money they inherit from your account and use it over […]
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By no means is this article covering all of the intricate complexities of how to make the most of social security, however it does answer some keys points that can be helpful to know. What is “Full Retirement Age”? Relative to social security, it is the age at which a person may first become entitled […]
Continue reading …No matter how much or little you have, matters of money illicit stress in people’s life and for many couple’s, fights over finances can break up the union. In an effort to avoid unnecessary battles, there are some planning steps you can take in advance of tying the knot. Talk about finances Keep finances out […]
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The Supreme Court overturned DOMA last summer and for some people their tax, estate planning and retirement planning changed overnight. For years, same sex, married couples have been excluded from participating in many benefits afforded heterosexual married couples. The recent change in the law means same sex married couples can now access some of the […]
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The American Association of Long-Term Care Insurance (AALTCI) along with the U.S. Congress is on a mission to make people aware of the risks and costs associated with long-term care. A 2012 report from the AALTCI found that the majority (56 percent) of new claims under these policies are for home care – not nursing […]
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As you put birthdays, anniversaries and other important dates on your new calendar, you might want to include reminders about certain retirement deadlines throughout the year. Dec. 31, 2013 – Before the final rush of the holiday season, note that contributions to 401(k) and 403(b) qualified retirement plans must be deposited by this date to […]
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A couple, both age 65, retiring today will spend, according to Fidelity Investments’ 2013 survey, approximately $220,000 on health care during their retirement years – and that doesn’t include any assisted living or nursing care. While this year’s figure represents an 8 percent decrease from last year’s estimate of $240,000, making the most of your […]
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It seems so many places you turn today there is another discussion taking place about social security benefits and how to make the most of them. Understanding how to do this requires patience and the help of an expert financial professional primarily when you are married or have been married. Here are some facts for […]
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