Today, we’re sharing 4 Tips to Remember When Creating an Estate Plan to remember as you begin the process of creating an estate plan or simply want to evaluate the one you currently have in place.
According to the U.S. Census, approximately five million moms stay at home with their children. Before heading down this path, step one is to examine your finances and make sure you’re taking care of the financial changes that come with leaving the workplace.
Today’s post examines the next steps to take once you’re in retirement and are already drawing money from your 401(k) or IRA.
Thinking of investing in a rental property? In today’s post we discuss 3 things you may want to consider before doing so.
No one knows what asset class, or sector is going to rule the investment world next, or how rapidly things might change. Rebalancing helps you capitalize on diversification.
Keeping your investments secure is more important than your home, your car or even your current job. Just think about this—if you were to lose your home, car, or job today, they could eventually be replaced.
But a lifetime of investments? That’s something you don’t ever want placed in peril.
At the most basic level, the new law limits the amount of “fine print” and doesn’t allow investment advisers to trick investors or otherwise mislead them. As stated, advisers must look out for their clients’ interests first.
A measure was approved by the House and passed by the Senate near the end of 2015 to bring three popular Social Security claiming strategies to an end:
- File-and-suspend: When a spouse reaches full retirement age, he/she may file for Social Security benefits and immediately suspend them until age 70 to continue accruing delayed retirement credits.
- Filing for a restricted claim of spousal benefits: When a spouse reaches full retirement age and has yet to file for any benefits, he/she may file a restricted application which allows him/her to claim spousal benefits if the other spouse has already filed for benefits.
- Retroactive Lump Sum Payments: A person with suspended benefits may elect to request payments retroactive back to their filing date.
What do these changes mean to you? That is what we address in today’s post.