What is the next step if aging parents can no longer easily handle financial and legal affairs? The transition of adult child to caregiver can create some real challenges, when it comes to helping aging parents, according to the Monterey Herald in “Financial planning: Family communication help...
You may not want the real estate. However, there are numerous options. Sometimes people inherit real estate, but they don't really want it. That is when you should become educated in your responsibilities and rights, according to AOL in “What to do when you inherit real estate that you don't w...
So, do you think you don't have digital assets? It may be very challenging to figure out the world of cryptocurrency. However, it is property as far as the IRS is concerned, according to Insurance News Net in “Westchester County Elder Law Attorney… Sheds Light on Cryptocurrency in Estate Plann...
It sounds financial but it isn't. It is all about the person's behavior in the relationship. A fiduciary relationship is a legal relationship that includes responsibilities that can be enforced and it is important to look closely at it, according to the Denton Record-Chronicle...
Signing up for retirement isn't simple, because you have many options. There are many options when it comes to retirement, so it can be helpful to seek professional advice before making decisions that can't easily be reversed, according to the Cleveland Jewish News...
Life can get in the way of you meeting your goals. However, embracing some tactics can be helpful. Making resolutions to accomplish certain goals is never an easy task and New Year's resolutions are no different. Financial goals are often on the list of resolutions and there are some secrets...
It wouldn't be a lot of fun to run out of money. What is the number one concern about retirement? Running out of cash is the answer. However, there are steps that can be taken to reduce the chances, according to the AARP Bulletin's article “4 Steps to Make Your Money Last a Lifetime.”
Thinking of traveling after years of work? Plan for it and save for it. When it comes to planning for your retirement, consider the possibilities that await you. However, you should also consider the fact you will most likely be living on a fixed budget and costs become crucial, according to...
There are ways to make both members of the couple knowledgeable about finances. There can be a high cost to the surviving member of a couple, if the member who passed away was the person who handled all of the household finances, according to The Wall Street Journal...
There are strategies on spending in retirement years, so pick the one that fits your circumstances. You've saved, invested, spent wisely and now you're retiring. There are a number of helpful strategies out there for you to begin the journey of spending but not overspending, according to Ner...
Boomers may well redefine the retirement stage of life. Boomers, who may well have worked their entire lives, are likely to find themselves having to make adjustments for retirement by remaining on the job past the age of 65 and/or finding they need to reduce their standard of living, accord...
Should adult children keep a watchful eye on the portfolio? Adult children of aging Americans are finding themselves caught in a delicate situation of whether they should look into the finances and investments of their parents, according to U.S. News & World Report...
If you move forward with home equity be very smart and be very careful. When your retirement years come along your home equity can be used but it is wise to approach that option cautiously, according to Forbes...
Many Americans don't know about them or fail to use them, despite the advantages. Even though health saving accounts (HSA) are an excellent retirement tool, many people still don't know about them or take advantage of them, according to CBS Moneywatch...
The Department of Veterans Affairs has announced a policy change that will soon affect all older veterans and their spouses! Please read on…
Most people seek confirmation that they have accumulated enough for the remainder of their years. You can put a lot of effort into saving for retirement and still have questions. However, it is important to know that the success of your plan will often be your income to expense ratio...
Fees can drain your accounts, so watch them carefully. You have saved for many, many years and are now ready for retirement. You need to accomplish many tasks as you get ready to leave your job but one of the most important things to watch for as you go over your accounts is hidden fees, ac...
Expected lifespan should be taken into consideration in savings plan. Woman face a challenge in the U.S. This is because they have a longer lifespan than men but statistically make less money to be used for saving, according to The Motley Fool...
New study on expectations of wealthy young people is disturbing. A large percentage of affluent 18-22 year-olds are expecting that their retirements will be funded by the inheritances they expect to receive, according to a recent survey. This could mean they are spending all their own money ...
Assets may have been wasted in $100 million trust fund. When Elvis Presley passed away, his assets were left in trust for the benefit of his daughter, Lisa Marie Presley. She is claiming in a lawsuit that the trust fund is depleted and she blames her former money manager, according to the Daily Mail...
You don't just have to save money, you must save money wisely. Because it takes a long time to save for retirement and investments must be chosen wisely, researchers looked into the saving habits of people in the U.S. and 15 other countries. The results were not encouraging...
Estate plans often benefit from the use of life insurance. However, it should be approached cautiously. Life insurance is a possible solution to supplying ready cash during probate or if you don't have sufficient assets. However, mistakes can be made in the process, according to Wealth Management...
An inheritance can be wasted in many ways, including avoiding work and making bad investments. There are many possible scenarios that could lead to a wasted inheritance. Fears that this will happen appear to be on the rise, because in the next few decades the largest transfer of wealth from ...
Knowing how to handle cryptocurrencies in estate planning can be a challenge. The very nature of how the increasingly popular cryptocurrencies are held by their owners creates issues in estate planning, according to the New Jersey Law Journal...
The use of of beneficiary designations is gaining in popularity. However, problems can develop. Beneficiary designation forms can be an easy way to quickly distribute many financial assets to heirs. However, complications may lurk behind the apparent simplicity, according to Wealth Management...
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