Estate planning is something that all of us will have to face at some point in our lives. It’s a long process with a lot of planning, documenting, and computing.

Unfortunately, taking stock of your assets also includes thinking about taxes and other fees. Inheritance taxes and estate taxes can burn holes in your savings that you plan to pass down to your family. And while your local government is more than capable of…

4 Types of Legal Documents to Prepare

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

One part of planning your legacy and making your wishes known involves doing some digital and physical organizing.

Do you have all your key legal documents in an easily accessible but secure place?

Here’s what to have on hand and what to keep in mind as you put your essential information in order.

1. Records

We manage much of…

Considering Your Social Security Options

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

When should you start receiving your Social Security benefits and how they will factor into your overall retirement situation?

These are two of the biggest considerations attached to this important financial topic.

If you have questions on your mind or want to go over anything in greater detail, start by taking a look at these key points and then reach…

As almost everyone of this congregation and audience knows, the year 2020 has been a most challenging one, to say the least. It has been even devastating to some, at the worst. In such times, it can be exceedingly difficult to manifest our faith, to proclaim our unyielding belief to God and to Christ, much…

Managing Surprises and Sticking to Goals

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Without expenses like travel and dining out, many people have spent less and saved more over the last few months.

Others are experiencing a sudden drop in income due to job loss or early retirement.

With the timeline of the pandemic still unclear, now may be a good time to take another look at your financial goals. How can…

How The Best-Kept Secret Of The US Tax Code Can Help You Save For Retirement

From: www.forbes.com

This month I was lucky enough to sit down with Jean Chatzky, CEO of HerMoney, to talk about what may be the best-kept secret when it comes to saving money on taxes: Health Savings Accounts.

Why is it a secret? Well, it’s technically not. But, the benefits of this account…

5 Financial Considerations of Divorce

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

No one wants to think about examining and dividing their finances, but divorce happens.

In particular, an increase in “grey divorce” (divorce involving couples over 50 years old) is something you may have heard about. The longer a couple is together, the more complicated the financial aspects of separation can become.

In the case that there is no prenuptial agreement…

Protecting Your Assets with Life Insurance

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Life insurance can potentially protect and even increase generational wealth in ways many people don’t know about. Have you taken a look at the various options lately?

While buying a term policy and investing the difference might be a good idea for younger people with few assets, your needs and priorities may shift as you grow older.

Learn how…

Discussing Financial Milestones as a Parent

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

It can sometimes feel awkward or challenging to talk about money and the future, especially with your children.

But if you want to help minimize stress for everyone, you may want to prioritize certain conversations.

Whether your kids are adults, teens or younger, here are a few big financial topics to keep in mind as you work to set…