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It is possible to handle pensions and retirement income in a way that does not prevent eligibility regarding

It is also equally important that your parents review any retirement account information, insurance policies

With some exceptions, such as trusts, life insurance payments, retirement plans, and a few other things The majority of the assets left behind—houses, vehicles, money, personal property, retirement accounts

Whether married or not, many younger women have careers and would benefit from retirement planning in Looking to retire young, to pay for your kids’ college, or to travel the world? 

Will (if you have one) Life insurance policies Retirement accounts For example, if your ex-spouse remains With your retirement accounts, after a divorce, you may revise your will to say that your 401(k) goes The retirement plan designations take priority over your will. Reference: Forbes (February 26, 2016) “5 Things You Need To Do After Getting A Divorce” #AssetProtection #RetirementAccounts

Those who are nearly retired should examine their financial plan at least annually, and retirees should on January 1, 2016, you can still use this, which lets you apply just for spousal benefits at full retirement 2015, April 1 is your deadline for taking your first required minimum distributions (RMD) from your retirement If you want to use this and are at full retirement age of 66 or older as of May 1, you must file for benefits based on your earnings record while you postpone your benefit to earn 8% a year in delayed retirement

second greatest concern, according to the MarketWatch article, “What to know about Alzheimer’s and retirement This means it’s critical to properly plan for your retirement years early in case you or a loved one $173,400 Heart disease: $175,100 Dementia: $278,000 These potential medical expenses must be considered in retirement Reference: MarketWatch (July 7, 2016) “What to know about Alzheimer’s and retirement planning” #EstatePlanningLawyer #EndofLifeCare #Medicaid #Medicare #RetirementPlanning

Your Trust Options Depending on your retirement plan and other existing accounts, different types of

MedicaidPlanning #HoustonEstatePlanning #HoustonElderLaw #MedicaidPlanningLawyer #MedicaidNursingHomePlanning #RetirementPlanning

beneficiaries is a very important part of the proper handling of many documents—like life insurance, retirement Retirement accounts—like IRA accounts, 401(k)s, and 403(b)s—require up-to-date beneficiary designations With retirement accounts, typically the best primary beneficiary will be your spouse and the secondary Also, a living person is generally the right designation for a beneficiary of a retirement account, but a qualified charity could be a beneficiary of a retirement account.

However, there’s still plenty of time to boost retirement security. If you need to get going, torque up your efforts to be on top when you retire. Kiplinger’s recent article, “7 Savvy Retirement Steps for Generation X,” has some strategies to get you If you don’t already have a Roth IRA account, consider adding one for tax-free income in retirement. Reference: Kiplinger’s (June 2016) “7 Savvy Retirement Steps for Generation X” #AssetProtection #IRAs

joint owner with right of survivorship A beneficiary is already designated on a life insurance or a retirement