Category Archives: Finances
Study Shows Americans Are Adapting Financial Plans for 2023
A recent study from Fidelity found that many Americans are feeling uncertain and concerned about a potential coming recession or other shifts in the economy. The 2023 New Year’s Financial Resolution Study finds that Americans are mostly focused on financial resolutions due to shifting economic issues and inflation. In fact, 1/3 of survey respondents… Read More »
Start Your Year-End Planning Now
You might be tempted to wait until the end of December to evaluate your current savings, investment, retirement and other financial strategies. But because you may want to adapt these before the New Year, now is the perfect time to assess and evaluate these issues and ask questions. Waiting until the last minute could… Read More »
How Does Gray Divorce Affect Your Estate Planning?
Any major change in your life should warrant an update in your estate planning, and divorce is no exception. Getting divorced later on in life can have a significant impact on your finances. Although it is certainly true that divorce can alter your finances at any age, it is extremely important to consider how… Read More »
How To Review Benefits And Insurance For Possible Incapacity Planning
Working through the financial and estate planning process means thinking about what happens to you or your assets if you become unable to speak for yourself or care for yourself. Planning for the unexpected and developing contingency plans is crucial, even though you hope you never have to activate these plans. Unwelcome events can… Read More »
Six Ideas to Protect Your Finances this Year
Although New Year’s resolutions might have fallen by the wayside, having a great financial and estate plan is important all year round. Thinking about your health and long-term care security issues can prompt you to do the important work around protecting your individual interests and establishing a next step with your estate planning. The… Read More »
How Many People Don’t Have the Resources to Support Themselves with Long-Term Care?
Long-term care expenses can be catastrophic for a single person or even for the other spouse of a married couple. Most people anticipate aging in place or relying on family and friends as caregivers. But extensive long-term care needs might require assisted living or a nursing home. A recent study indicates that 60% of… Read More »
Short Term Versus Legacy: Your Financial Plan
It can be difficult to ensure that you have enough funds set aside for retirement and that you’ve done the appropriate strategies and planning to protect yourself later on. But this also must be balanced with your interest in creating a legacy. How do you know which one should take priority? The truth is… Read More »
What Are Transfer on Death Accounts?
Transfer on death accounts are those accounts that allow you to move ownership to a beneficiary when you, as the owner, pass away. This is recognized under certain state laws and doesn’t require the involvement of the probate courts. Many different assets can be covered by the transfer on death umbrella. Certain states will… Read More »
Three Tips to Maintain Your Savings in Retirement
Approaching retirement means thinking about your finances and your working life differently. For plenty of soon-to-be American retirees, it’s just as important for them to protect their savings as it is to have a good plan for spending it during their retirement years. There are many different risks that can impact retirement plans today,… Read More »
Update Your Emergency Fund and Your Estate Plan in 2021
End of year provides unique planning opportunities to close up loopholes or to evaluate whether your life circumstances should prompt you to change strategies altogether. A couple of key tips can help you reorganize before 2021 and ensure that you enter the new year with a comprehensive plan and strategy to accomplish your individual… Read More »