Have you ever dreamed of selling off your worldly goods and sailing away … indefinitely? Many have contemplated a nomadic senior lifestyle as an intriguing option. Of course, many reject it. The lure of friends, family and their own familiar bed is too powerful. If you do embrace the travel lifestyle, how can you juggle […]
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What Happened With the Debt Limit?
The issue of raising the debt limit has been resolved, at least until January 2025, and we can all breathe easier now that the United States can continue to pay its debts. Hopefully, in the future, Congress will find a way to eliminate this boondoggle or at least to work around it, as was done […]
Will vs. Trust: Cost, Process and Uses
Wills and trusts ensure your assets pass to heirs according to your wishes. You may choose to use a will if you’re married, have kids, or don’t own real property. For people who have a large estate, own property, or are concerned about incapacity, planning a trust is important. Wills specify how you want to […]
Don’t Let Inflation Run Away With Your Retirement
Inflation hit a 40-year high in May 2022. On many fronts, global prices have been rising due to pressures from supply chain disruptions, funds from COVID-19 relief checks, and the impact of the war in Ukraine. As a stark reminder, what a dollar could buy in 2000 now costs $1.70. Escalating prices are both a […]
Inherited IRA Rules Altered by the SECURE Act
If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances and taxes. According to IRS regulations instituted in 2020 (with significant updates later), the majority of beneficiaries who inherit IRAs must withdraw their portion […]
How To Avoid Common Trust Errors
When people want to bypass probate, they often turn to trusts. Trusts also help you establish legally backed instructions for distributing your assets after you pass away. The hope is that you make time to establish a trust and identify the beneficiaries of your estate. However, while trusts are amazing tools that people can […]
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