Go to page: How Senior Veterans Can Take Control of Their Finances
By Teresa Greenhill
Moving into retirement can be a complicated financial time for anyone, but veterans have more considerations than your average civilian. Everything from medical costs to what kind of retirement accounts you may have can be slightly more complicated. Veterans deserve to have a solid understanding of their own financial situation. With the right knowledge, they can take control of their finances and live the peaceful retirement they’ve earned.
From: www.fa-mag.com
With the SECURE Act now signed into law, it is critical to understand how it changes how we approach estate planning. Specifically, the SECURE Act replaces the “stretch” IRA from inherited retirement accounts, which allowed beneficiaries who inherited retirement accounts to choose to take distributions over their life expectancy. Under the SECURE Act, retirement assets must be distributed out of the…
From: www.forbes.com
The Internal Revenue Service announced today the official estate and gift tax limits for 2020: The estate and gift tax exemption is $11.58 million per individual, up from $11.4 million in 2019. That means an individual can leave $11.58 million to heirs and pay no federal estate or gift tax, while a married couple will be able to…
From: wsj.com
Many have useful tips for gentle persuasion while others spell out a more direct approach
Want to talk about plans for when you die?
(Silence)
I guess not.
That exchange, unfortunately, describes how many adult children and their parents approach—or, rather, fail to approach—the subject of estate planning. Few families, of course, enjoy talking about money. Introduce the idea…
From: www.forbes.com
Retirement planning is about more than just saving money – it’s about generating an income plan for spending money. You can break saving for retirement into three main goals: automate savings as much as possible during working years; invest in long-term growth investments with low fees; and stay engaged and employed…
Go to page: Ideas for Safeguarding Your Wealth in 2020
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
You’ve worked hard to earn what’s yours. Thoughtful decisions and smart planning have helped you find financial stability, and now it’s time to go the extra mile to ensure your assets will stay secure for years to come.
You probably already have a good start, but make sure you’re keeping these five steps in mind if you…
Planning for retirement sometimes is filled with numerous preparations. One step at a time you put your life and your finances in order so that the remainder of your years are spent enjoying the lifestyle and security you have worked so hard to achieve.
Preparing for retirement includes steps to prepare your children for the decisions you have made. Sitting down with them and laying out your plans is an important step in the…
Financial abuse can be a complicated subject, but at its most basic level it involves taking advantage of an older adult through manipulation or intimidation to steal their money or property.
What are the risk factors for financial abuse?
Elderly adults are some of the most vulnerable to financial abuse. Some of the biggest risk factors for older adults include:
• Isolation
Isolation can cause extreme loneliness in seniors, leaving them desperate for any sort of social connection….
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act, which is effective January 1, 2020. The Act is the most impactful legislation affecting retirement accounts in decades. The SECURE Act has several positive changes: It increases the…
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