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How Can Siblings Work Together to Care for Dad?

Old resentments and rivalries often die hard, especially with sibling relationships, and caregiving situations can resurrect these issues.

Posted on: March 2, 2020

Alternatives for Stretch IRA Strategies

The elimination of the Stretch IRA is a game changer, especially for parents who were considering bequeathing savings in IRAs to their children.

Posted on: February 28, 2020

The High Cost of Medicare Mistakes

She recently enrolled in traditional (Parts A, B, and D) Medicare and was hit with huge Part B and Part D monthly premiums. She had no idea why it was so high. After many letters, calls, and meetings with Social Security, she still had no idea.

Posted on: February 27, 2020

How Can I Move On after a Loved One Dies?

Even as you work through your grief, there are some important financial tasks to take care of along the way. Here is a framework to use as a starting point.

Posted on: February 26, 2020

How Much Money Is Needed for Long-Term Care?

You have a few options when it comes to affording the whopping expense that is long-term care.

Posted on: February 25, 2020

How is a Guardianship Determined?

Although various degrees of control may accompany a limited guardianship, our discussion here applies to a general guardianship, which includes full control of an individual’s person and property.

Posted on: February 24, 2020

Unintended Kiddie Tax Change Fixed in the SECURE Act

The kiddie tax was created long ago to prevent wealthy parents from cutting their taxes by transferring a large amount of investments to their dependent children, who would be taxed at a lower rate.

Posted on: February 21, 2020

The Need for Long-Term Care Insurance

Healthcare is a major expense for seniors, so much so that recent estimates put the average cost of it at $387,644 throughout retirement for the typical 65-year-old couple retiring today. While that figure may seem astronomical, it actually doesn't account for a related expense that many seniors will inevitably face: long-term care.

Posted on: February 19, 2020

What Should I Know about Beneficiary Designations?

Many people have tens of thousands–even hundreds of thousands–of dollars in their IRAs. If you have an asset that large, shouldn’t you devote more effort to planning for its ultimate disposition?

Posted on: February 18, 2020

Fixing an Estate Plan Mistake

Sometimes, despite best intentions and best efforts, an estate plan leaves unintended problems for heirs, trustees and others to solve. For example, a trust may have become outdated because of changes in tax laws, the birth or death of family members, or special circumstances like an heir’s disability.

Posted on: February 17, 2020