Statistics paint a disturbing picture of the future for retirees who have not planned appropriately. As a professional in the financial services industry since 1972, I have read many books and articles on the subject […]
More than 20 million Americans currently participate in 401(k) plans through their employers with an average account balance around $30,000. These pension plans can help to provide security for a comfortable retirement. It’s important to understand, however, the tax implications of these pension plans when you decide to change employers or perhaps are a victim of corporate downsizing. If you’re a plan participant there are several alternatives available to you. […]
The mistake is actually failing to address healthcare decisions before the need arises. For example, a lady came into my office and said, “My neighbor is in the hospital unconscious. We have lived next door to each other for 30 years and we are best friends. I went to the hospital and the doctors won’t tell me what is happening with her. […]
CD Alternative
By Neighbor Insurance, Linn County LIVING WELL Magazine
While both a CD and an annuity can offer you a guarantee of principal, annuities offer other benefits that CDs do not, including tax-deferred growth, a guaranteed income stream in the future, and a higher potential interest rate. […]
What Is An Elder Law and Special Needs Law Attorney And When Should One Be Contacted?
By Karen H. Weber, JD, Elder Law and Special Needs Law Attorney
Elder law and special needs law attorneys are competent and compassionate professionals who focus on the holistic goals of the client. They typically represent the client’s interests in legal, medical, financial, social and family matters, with a primary emphasis on promoting the highest quality of life for the individual. […]
A Simple Way to Transfer Wealth
Courtesy Dan and R. Brennan Barlow, Denton County LIVING WELL Magazine
Thanks to the 2010 tax-relief legislation, the rules for estate planning are very favorable in 2012. This two-year window of opportunity provides the incentive to act now. […]
Getting Back on Track
Courtesy ANB Bank, Colorado Springs LIVING WELL Magazine
After experiencing a year in which the S&P 500 had its smallest change in value in history, stock investors were determined to start off 2012 in a positive manner, and boy did they succeed. The S&P 500 had its best first quarter since 1998, returning 12.58%. The S&P 500 closed the quarter at 1,408.47, which is within 10% of its all time high of 1,576 achieved in October of 2007. […]
Key Things to Know About Probate When a Loved One Dies
By Lori A. Leu & Erin W. Peirce, Texas LIVING WELL Magazines
Have you ever heard someone ask whether a Will or an estate has been “probated,” and wondered, “What is probate?” The term “probate” refers to the judicial procedure wherein a Will is proven to be valid. Over time, the term “probate” has evolved to refer to the legal process in which the estate (everything owned at the time of death) of a deceased person, called the “decedent” is administered, whether or not the person had a Will. […]
Why Consider A Retirement Living Community?
By Joseph L. Roche, The Tradition, Collin County LIVING WELL Magazine
The retirement years bring a lot of opportunity – and also many decisions about how to spend time, where to live, and how to make the most of these important years.
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The Time is Right
By Shirley Long, Parkview, Collin County LIVING WELL Magazine
As we enter the more mature era of our lives, a question confronts us: “Where do I belong?” This season may challenge us to reconsider our sense of place as life changes face us—changes such as career (retirement), relationships (widowhood), physical health and the ability to maintain a home. When finding our “place,” we must look at our “internal place” as well as our “external place,” as we seek to discover the appropriate basis on which to choose to move or stay, to cling to or to renew […]
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