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college, home buying, and starting their families; and the elder generation with expenses related to retirement With careful planning, you can protect your investments for your own retirement and the next generation

disabilities are living longer than ever, so it’s critical to create a financial plan that will protect your retirement When her parent dies or retires, the child may be switched to a higher benefit based on the parent’s

different investing styles, with women particularly concerned about maintaining their lifestyle in retirement Each spouse should sign a financial durable power of attorney to allow access to retirement accounts

Medicaid planning is crucial for individuals at retirement age and even earlier. Planning for retirement — As you approach retirement, it is essential to plan for long-term care expenses

Traditional IRAs, which have been around longer, see retirees rolling assets from their 401(k) plans The reason for converting is—even though it’s not a given that your tax rate will go down in retirement—by Reference: Money (August 8, 2016) “Why Older Americans Should Get Hip to the Roth IRA” #401kEstatePlanning #RetirementPlanning

Planning for long term care is a crucial aspect of retirement. It can help protect your assets and secure your retirement, whether through term care benefits from a We aim to provide a comprehensive guide for retirees seeking to navigate this challenging terrain. It can significantly impact your retirement savings and overall financial health. Consider the impact of long-term care costs on your retirement savings.

provide money to heirs for a funeral and final expenses or leave a legacy, even if you spend all of your retirement life insurance payout can fund a special needs trust; or Maxed out contributions to tax-advantaged retirement

Kim Hegwood’s mother, like many others, has been facing this issue for the past two years since she retired month for seniors when it comes to prescription costs, as attorney Kim Hegwood has experienced with her retired

Distributions New life expectancy tables used in determining Required Minimum Distributions (RMD) from IRAs and retirement will impact those who have already reached their Required Beginning Dates for taking RMDs, qualified retirees , and beneficiaries of inherited retirement plans or IRAs.

Most likely, you are also each named as beneficiaries on the other’s retirement plan. What is the impact of divorce on retirement account beneficiaries?

Retirement plan. Similar to life insurance, money in a retirement account (e.g., an IRA or 401(k)) passes to the named

With millions of baby boomers retiring, additional efforts are needed to protect the nation’s most vulnerable