There are many different legal documents that may become an important component of your estate plan. In the event that you become incapacitated, your investments must still be managed, your bills must still be made and other financial issues must be dealt with. A durable power of attorney is a document that helps to ensure […]

In this episode I discuss some recent articles about Medicaid planning that were contained in the Clarion Ledger and New York Times. I explain exactly what Medicaid planning is and why it is crucially important to consider.  I also discuss the importance of healthcare documents for children and grandchildren who may be off at college.

Most people know about the potential impact of costs tied to long-term care, but they haven’t taken time to protect themselves. Long-term care costs could become overwhelming as a result of longevity. The number of individuals turning age 65 and older is set to double by 2060, by the time that today’s Millennials start to turn 65. […]

Baby Boomers make up a significant portion of the population today, and as many of them are confronting retirement and realizing they do not have appropriate support behind them, this is redefining what it means to retire. There are approximately 76 million Baby Boomers coping with the impacts of the financial crisis as they prepare […]

  Your children are probably some of the most important people in your life. Parents spend a lot of time worrying about and thinking about their children’s future. Spending time with your children over the summer holidays can reignite concerns about what will happen to them after you pass away. This is a natural inclination […]

You know you need to set up a will and perhaps a trust, too. A Google search reveals a broad range of websites that promise to help you do just that either for free or a minimal cost. Pointing and clicking, though, is a dangerous approach to take with your estate planning.  Using an online […]

Most people know that there are limits as too what you can invest your IRA money into set by the federal government. However many people want to invest in a rental house instead of a traditional stock investment. You see an IRA itself can own property and many other types of nontraditional investments. It can […]

Almost everyone has some type of retirement account, whether it’s a pension, IRA, or 401(k). So, it’s important to plan ahead for your estate purposes. One of the first things to know about a retirement account is that your beneficiaries will most likely owe taxes on the retirement accounts passed down to them.  Assets like […]

Many people hope that they will never be disabled or poor, however, the biggest myth that many people are countering today that they will be able to pay for themselves in their old age. A majority of people are actually not able to do this. One in three individuals who turn 65 will end up […]

  A fiduciary is someone with a moral as well as a legal obligation to put their client’s interests first. Not every adviser would consider themselves to be a fiduciary and this could leave that person open to conflicts of interest. A new fiduciary role, however, requires that all advisors who work with retirement plans […]