The estate planning process can prove quite difficult, as it forces people to face their own mortality. Because of the emotions that can arise, it is important to ensure that you have the best people in your corner who continually keep your interests at the heart of the conversation and remain thorough in exploring relevant… Continue Reading
Certified Financial Fiduciary and Author
These 5 Factors Play into the Cost of Long-Term Care Insurance
One of the most important aspects of estate planning and preparing for retirement is ensuring you have the right insurance in place to meet your potential expenses. A form of insurance that often goes overlooked is long-term care insurance. Unfortunately, many people have the misconception that Medicare will cover long-term care, but this is not… Continue Reading
How Healthcare Proxies and Advance Directives Fit into Estate Plans
People make many mistakes when it comes to estate planning, but one of the most egregious ones is failing to account for medical decision-making. We can’t predict when we will no longer have the capacity to make decisions for ourselves about our health care, which is why it is so important to have a plan… Continue Reading
The Importance of Estate Planning for Small Business Owners
Many of us have misconceptions about who needs to create an estate plan. While we may assume that only high-net-worth individuals need them, estate plans are beneficial to a wide range of people, including entrepreneurs. Small business owners certainly have their hands full, but that should not distract them from creating an estate plan, which… Continue Reading
Why Is There a Disagreement on Including Crypto in Retirement Accounts?
In fall 2022, Charles Schwab conducted a survey showing that nearly half of all millennials and Gen Z want to see cryptocurrency investments become part of their 401(k) retirement plans. This is perhaps not surprising considering that nearly half of respondents from these two generations say they already hold investments in cryptocurrencies outside of retirement… Continue Reading
The Problem with Selling a House and Buying a Retirement Home Right Now
Many retirees count on the equity they have built in their homes to help fund their retirement. People often plan to sell a larger home and purchase a smaller one in retirement to cash in on this equity. If you are in this position now, you may need to be cautious as home values decline,… Continue Reading
Avoid These 3 Retirement Savings Regrets That Many Current Retirees Have
Planning for retirement is a stressful process for many people. While trying to figure out ways to maximize your savings, you need to project decades into the future and think about strategies for avoiding the common pitfalls. Unfortunately, no matter how much you plan, you are unlikely to do everything perfectly. However, you can minimize… Continue Reading
5 Non-Cash Ways to Incorporate Charitable Giving into Estate Planning
One of the key aspects of estate planning is figuring out how to make the biggest charitable contribution you can, given the resources available to you. Unfortunately, many people make the mistake of not exploring all the avenues available for charitable giving after death and thus miss out on some opportunities to make an even… Continue Reading
This Is How to Avoid Problems When Passing Digital Assets to Your Heirs
Not long ago, digital assets played virtually no role in estate planning. Today, however, leaving an electronic mess can be one of the most costly mistakes in the process. Failing to account for digital assets and electronic lives can result in a long list of problems for your heirs to deal with before they receive… Continue Reading
US Senate Makes 2 Proposals to Help Americans with Emergency Funds
One of the unfortunate truths in American economics is that many households do not have sufficient emergency savings. This becomes especially worrisome during periods of high inflation with the threat of a financial downturn looming. Such a downturn leaves many families vulnerable since they do not have savings to keep them afloat. According to a… Continue Reading