Category Archives: Retirement

Introducing the IRA Inheritance Trust! (Part 2)

In my last blog, I discussed the beneficial use of an IRA Inheritance Trust to ensure your beneficiaries maximize the power of inherited retirement accounts through compounded tax-free growth and less income taxes being due each year distributions are taken … Continue reading

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Introducing the IRA Inheritance Trust! (Part 1)

You may know the difference between a Last Will & Testament and a Revocable Living Trust, but did you know there is a special trust specifically for retirement accounts? Don’t make the faulty assumption that your Revocable Living Trust will … Continue reading

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2014 Tax Filing Requirements for Seniors

Chances are, if you recently retired, your correlating decrease in income may alleviate you from having to file taxes in future years.  For this tax season, if your gross income from 2013 is less than the following amounts (depending upon … Continue reading

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What’s with myRA?

In his State of the Union message, President Obama announced a new retirement savings program for those people who don’t currently enjoy an employer-sponsored plan. This new product, called myRA, is similar to a Roth IRA.  It is mainly geared … Continue reading

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Planning for an Uncertain Life Expectancy

Planning for retirement is an important goal for all of us; but in doing so, you also need to consider how long you think retirement will last. No one has the crystal ball that tells us our life expectancy, but … Continue reading

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Social Security Benefits: Divorce & Remarriage

It is common knowledge that husbands and wives are entitled to collect Social Security benefits on their spouses’ work records. Less well known is that this benefit applies to divorced spouses as long as the spouse has not remarried. Divorced … Continue reading

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Ten Year-End Financial Considerations for Near-Retirees

Want to find out how you may be able to save approximately $1,000 this year, without even having to buy a lottery ticket? Well, it may take you a couple of hours to sit down and contemplate, but here are … Continue reading

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Are You a Social Security Tax Guru?

If you’ve worked at any point during your life, you know you’ve paid Social Security taxes on any earned income. Despite our actual views on social security, payment of taxes toward the “coffers” (which is separate and in addition to … Continue reading

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Practical Aspects of the Sandwich Generation

In the current economic environment, more and more families are identifying themselves as the Sandwich Generation . . . a group of retirees who are not only caring for aging parents, but also financially fortifying their recent college graduates who … Continue reading

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What is a CCRC and How Does it Work? Part 1: Understanding CCRCs

In this three-part blog series, attorney Kelly Shovelin of Four Pillars Law Firm discusses Continuing Care Retirement Communities (CCRCs): What are CCRCs?  How do they work? How do you choose the right CCRC for your needs? Learn the answers to … Continue reading

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