Can you believe that fewer than 31% of Americans own an IRA? Even fewer—just 19%—actively contribute to one. Consistent with this theme, a 2017 report
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Details about Wills
There’s no escaping death. It’s a fact of life. But having your affairs in order helps eliminate some of the stress and anxiety during a
What’s A “Life Estate?”
It’s not unusual for a son or daughter to be granted a life estate on his or her parents' house. It’s also not uncommon for
How Gross! Making Your Own Funeral Arrangements!
It’s not that uncommon to learn that a decedent made all of the arrangements for his or her own funeral: this includes selecting a casket,
Congress Examines Bill on Elder Financial Exploitation
The U.S. Senate passed bipartisan legislation to step up enforcement against perpetrators of crimes targeting senior citizens. The Elder Abuse Prevention and Protection Act of
Senators Question HUD Rules on Reverse Mortgages
There’s a concern that a subtle wording change in the Trump administration’s proposed budget request for the Department of Housing and Urban Development (HUD) could
Don’t Make These 401(k) Mistakes!
Kiplinger’s recent article, “The 7 Most Common 401(k) Mistakes to Avoid,” provides three good news/bad news retirement plan statistics. First, the Investment Company Institute reports
Estate of Actor Philip Seymour Hoffman to Be Settled Soon
Even on a financial level, it can take years for a large estate to settle—distributing property and resolving all of the executors' duties. Wealth Advisor’s
Are You Going to Pay Triple Taxes in Retirement?
Most people planning for retirement concentrate on growing their nest egg and accumulating as much as they can to live comfortably and enjoy their free
What’s the Big Deal About Long-Term Care?
Many seniors don’t feel that long-term care (LTC) insurance is a viable option. They think it’s expensive and is often just protection against the cost
Tax Breaks for Retired Federal Employees?
Many states recognize federal retirees’ public service by exempting federal government pensions from taxes or treating them more favorably than other forms of income, such
Texting Your Will
In the U.S., laws about what constitutes a valid legal will have not changed very much since the Declaration of Independence. Most states still follow