Category Archives: Estate Planning
Dade City Is at the Nexus of Florida’s Two Most Beautiful Coasts
The decision to retire to Florida is easy, but deciding where in Florida to retire is not so simple. Miami is often the first place people think of when they think of retiring in Florida. Miami is now beyond the budget of many and not the lifestyle you may envision.. Given that the Miami… Read More »
When Planning for Retirement, Think About How to Avoid Loneliness, Not About How to Have Fun
Loneliness is the enemy of good health. How much time a person chooses to spend alone varies from one person to another, but not having enough social interactions with other people can send your physical and mental health into a downward spiral. People in addiction recovery support groups often talk about avoiding boredom, the… Read More »
Can Retirees Get a Mortgage?
If you have lived anywhere in the United States, especially Florida, for the past three years, you would not be unreasonable to think that consumer debt is an inalienable feature of the human condition. From the time you enter the workforce or reach the age of majority, whichever happens first, until you die, you… Read More »
Avoiding Senior Homeownership Drama
In many ways, love and marriage are simpler late in life. Finding someone new after both of you have been widowed puts you in a unique position to understand each other. You both have a proven track record of being good at marriage, and you understand how your spouse and your stepchildren feel about… Read More »
The Good Enough Retirement Savings Plan
When you are young, it never crosses your mind that one day, you will not be able to work, and the money in your bank account represents all the employment income you will ever have. You keep focusing on building your resume for that well-paying job somewhere in the future, while also spending some… Read More »
What Can Go Wrong With a Trust?
The websites of financial planners and estate-planning law firms sometimes make it sound like establishing a trust is a solution to all your problems. They give you the impression that setting up a trust is like building your very own robot assistant that issues checks to your overgrown children and slips through the fingers… Read More »
An Effective Estate Plan Begins With a Health Care Power of Attorney
We have all heard the cliches about how family togetherness is more valuable than anything money can buy. The love, shared memories, and emotional support that you give your family mean more to them than any material things they can inherit. It is especially helpful to remind yourself of this in tough economic times… Read More »
55 Plus Communities Carry Lots of Extra Fees and Offer Little in the Way of Cultural Diversity
The good news is that you have started your retirement in good health. You do not need long-term care, so there is no need to move to an assisted living community, even though healthy retirees should buy long-term care insurance in case the need for assisted living or nursing home care arises. The affliction… Read More »
Should Retirees Keep Their Retirement Savings in 401(k) Accounts or Transfer Them to IRAs?
If you are puzzling over the decision of whether to keep your money in your employer-provided 401(k) account or move it to an individual retirement account (IRA) after you retire, count your blessings. This is a good problem to have. More than a third of American adults who work full time in the private… Read More »
Grantor Retained Annuity Trusts
Financial planners often tell clients that setting up an irrevocable trust will give them peace of mind, but the fact that irrevocable trusts are irrevocable makes them scary. Therefore, if people want to set up a trust that will begin to function as an independent entity while the grantor is still alive, they usually… Read More »
