Retirement Planning

The new federal agency that protects the financial interests of the nation’s consumers is urging tougher regulation of the professional designations that financial advisors use to market their services to seniors.

The main goal before you retire is to make sure that you have enough money when you do retire so you can maintain your standard of living. ...

Elderlaw 101

The conventional wisdom is that you should always pay off your debts, but that may not always make the most financial sense for seniors.

Your will is a legally-binding statement directing who will receive your property at your death.  Why should you have a will? Here are some reasons.

Elderlaw 101

Uncle Sam has strict rules on when you can and, later, must begin withdrawing funds from tax-deffered retirement accounts like 401(k)s and IRAs. Here's a rundown of the basic rules, which changed significantly as of January 1, 2020.

Elderlaw 101

Retirement has changed radically over the last several decades in America. Years ago, when you expected to work most of your life for a single, large employer, you could count on a pension. ...

Elderlaw 101

There are some serious drawbacks to many options for giving gifts to grandchildren. Either there are no tax or estate planning advantages, or you have no control of the funds (or lose control after a certain point), or the money...

Elderlaw 101

This type of account, named for Section 529 of the Internal Revenue Code, enables you to reduce your taxable estate while earmarking funds for the higher education of a grandchild (or any other family member). ...

Elderlaw 101

Inheriting an IRA may seem like a good thing, but there can be tax consequences if you aren't careful.