You can use Social Security benefits to pay for some of your Medicare premiums. You can also pay your Medicare bills online or by mail without a fee. If you receive Social Security retirement or disability benefits, your Medicare premiums can be automatically deducted. The premium amount will be taken from your check before it … Read more
The probate process can be complex and confusing for grieving families. As the personal representative or executor of an estate, understanding who pays the probate lawyer fees and other probate costs is an important piece of estate administration. I’m here to offer clear, accessible information to help you make informed decisions. Probate refers to the … Read more
In 1935, President Franklin D. Roosevelt established the U.S. Social Security system and designated age 65 as the retirement age. Since then, itâs become the typical age to quit working, kick back, and enjoy the fruits of your labor. To provide additional support to those over age 65, our government also offers tax breaks to … Read more
Are you drowning in credit card debt and eyeing your 401k as a potential lifeline? You’re not alone. Many Americans find themselves trapped between mounting credit card balances and the tempting nest egg sitting in their retirement accounts. But before you reach for that retirement money there’s something important you need to know. The short … Read more
Most heirs face many complex decisions â and potential tax consequences. These insights can help you avoid common mistakes and make more informed choices. AN INHERITANCE CAN SEEM LIKE a mixed blessing, coming as it often does after the loss of a loved one. At such an emotional time, it can be difficult to think … Read more
As a financial planner, I’ve noticed many clients are confused about whether they can put their Roth IRA in a trust. The short answer is you can name a trust as the beneficiary of your Roth IRA but a trust cannot directly own a Roth IRA during your lifetime. This distinction is crucial for proper … Read more
The average retirement savings is $333,940. Balances vary by age, with those 55-plus having the most in their accounts. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, … Read more
Have you ever worried about a trustee emptying out a trust account? You’re not alone. Many beneficiaries lose sleep over this exact concern, and for good reason – trustees do have access to trust funds, but there are important rules that limit what they can do. As someone who’s helped many clients navigate these murky … Read more
Have you ever wondered if escaping the 9-to-5 grind could actually add years to your life? I’ve been researching this fascinating topic for my blog, and what I’ve found might surprise you The connection between early retirement and longevity isn’t as straightforward as headlines might suggest, but there’s compelling evidence that hanging up your work … Read more
Let’s face it – planning for retirement can be confusing as heck! With so many options out there, it’s hard to know which path to take. If you’re scratching your head wondering “what is better, a 401(k) or IRA?”, you’re not alone. This question pops up all the time when people start thinking about their … Read more
