A new study finds that later born generations of older adults in the United States are more likely to suffer from chronic health conditions when compared with previous generations. This has important implications for the possibility of long term care planning. Long term care planning refers to the strategies you have in place to protect you if and when you suffer from a disability or medical condition that requires Read More
Should I Name a Trust as a Retirement Account Beneficiary?
When designating retirement account beneficiaries, it is important to think about your individual estate planning goals. There are disadvantages and advantages to naming a trust as a beneficiary of a retirement account. You can avoid probate, expenses and frustration when naming beneficiaries for qualified retirement plans as these assets pass outside of your probate estate. Naming a trust as a beneficiary of your Read More
Are You One of the Many Americans Not Financially Prepared for Retirement?
When it comes to your finances and your future, you’ve got to be the one who takes the reins and protects your nest egg. In addition to funding your retirement, those accounts might also become the payment source for long-term care health needs. You and your spouse should both be on the same page about saving for these possible issues. A recent study of US adults between the ages of 50 and 64 revealed that plenty of Read More
Understanding the Importance of Income in Retirement
Looking ahead to retirement often means that you are looking forward to disconnecting from work. However, you'll still need some form of income in your retirement years. Knowing where your money will come from every single month will give you a great opportunity to reduce the peace and friction for yourself which can lead some who have not planned properly to have to go back into the workplace for a part time Read More
How to Deal with an Unexpected Retirement
Your retirement plan is likely entirely contingent on how long you intend or consider yourself able to work. Health crises or economic crises may be pushing more people toward an unexpected retirement or an early retirement than ever before. Even if you don't believe that a retirement is immediately on your horizon, it can be well worth spending some time thinking about how you would adapt quickly if you needed to Read More
