Many people view retirement planning and estate planning as distinct tasks. But here's the truth: these two financial pillars actually work hand-in-hand. Let's explore why you should integrate these plans for a secure and fulfilling future. How Retirement and Estate Planning Complement Each Other Retirement planning focuses on ensuring a comfortable life once you stop working. Estate planning, on the other hand, helps you manage what happens to your assets after you pass away. Merging these … [Read more...] about Retirement Planning and Estate Planning Go Hand in Hand
Estate Planning
How to Cope With the Death of a Loved One
Death is an inevitable part of life, and it is something that we all must face at some point. Coping with the death of a loved one can be one of the most difficult experiences that anyone can go through. It is a time when emotions are high, and it can be hard to know how to deal with the pain and grief that comes with losing someone you love. Grieve in Your Own Way The first thing to remember when coping with the death of a loved one is that everyone grieves differently. Some people may feel … [Read more...] about How to Cope With the Death of a Loved One
Omnibus Appropriations Bill Includes Secure Act 2.0 Provisions
We have been sharing information about a piece of legislation that is being called SECURE Act 2.0 as the bill has progressed through the legislative process. It has finally become a reality, because it is actualized through a number of provisions in the 2023 Consolidated Appropriations Act, which is commonly known as the Omnibus Bill. Let’s look at some of these provisions that will impact the way that people can save for retirement. Mandatory 401(k) Enrollment This measure includes a … [Read more...] about Omnibus Appropriations Bill Includes Secure Act 2.0 Provisions
Congress Is Making Secure Act 2.0 Push Prior to New Year
The SECURE Act was enacted in December of 2019, and it made some changes to the individual retirement account parameters. In 2021, legislation that would make further changes was introduced. It has been making its way through the legislative process since then. According to reports, lawmakers are attempting to approve the measure that is being called SECURE Act 2.0 before the new year. We are going to explain the changes that would be included in this post. But first, we will provide an … [Read more...] about Congress Is Making Secure Act 2.0 Push Prior to New Year
Neither Age Nor Health Determines Whether You Need an Estate Plan
Most people associate Estate Planning with the elderly or very wealthy. This article explores situations in which Estate Planning for the young and healthy is advisable. Read on to learn more. … [Read more...] about Neither Age Nor Health Determines Whether You Need an Estate Plan
Staying Current is Especially Important in the Pandemic – Part 2
The President’s bout with COVID-19 demonstrates the importance of keeping planning current. A Health Care Power of Attorney appoints someone to make decisions for you if you’re not able to do so for yourself. An Advance Directive expresses your wishes regarding end-of-life decisions. Read on to learn more. … [Read more...] about Staying Current is Especially Important in the Pandemic – Part 2
Staying Current is Especially Important in the Pandemic
A Health Care Power of Attorney appoints someone to make decisions for you if you’re not able to do so for yourself. An Advance Directive expresses your wishes regarding end-of-life decisions. During the COVID-19 pandemic, it’s important to have them up-to-date. Read on to learn more. … [Read more...] about Staying Current is Especially Important in the Pandemic
Planning Is Important
Planning is important. End-of-year tax planning is one part of that planning. This year you should also consider whether you’ve had any payroll tax withholdings deferred. If your employer deferred those withholdings, you’ll have more money withheld next year than usual. That means you’ll have less money for other things, like IRA contributions. Read on to learn more. … [Read more...] about Planning Is Important
Puerto Ricans are Unique, as Is Estate Planning for Them
Puerto Ricans hold a unique position under U.S. law. U.S. estate taxation treats those from Puerto Rico different from other U.S. citizens or citizens from other countries. Read on to learn more. … [Read more...] about Puerto Ricans are Unique, as Is Estate Planning for Them
Chadwick Boseman Demonstrates the Importance of Planning
Chadwick Boseman played many heroic American roles and the superhero role of the Black Panther. His death at age 43 demonstrated how it’s important to have at least a basic estate plan in place even if you’re young. Read on to learn more. … [Read more...] about Chadwick Boseman Demonstrates the Importance of Planning
