Tag Archives: Retirement

Do You Have an Inheritance “Right”

Ever seen the bumper sticker that says “I’m spending my children’s inheritance”?  You may have laughed about it when you saw it, but would you still be laughing if it were true? Most children believe they will receive some form … Continue reading

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Supreme Court Rules Inherited IRA’s not Bankruptcy-Protected

In a sweeping decision in Clark v. Rameker, the U.S. Supreme Court held that funds in an inherited IRA are not protected in bankruptcy.  The Court’s analysis focused on key legal distinctions between the type of IRA you set up … Continue reading

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All Things Considered

What’s the fastest growing group of individuals in the United States? Those who are 85 years and older. And what’s one of the key needs for this group? Social support. Read more here.  Or listen to these clips from All Things Considered, the flagship … Continue reading

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Kelly Answers the $64 Question

Did you know that The $64 Question was a popular radio quiz show? During the 1940s, “That’s the $64 question” became a common catchphrase for a particularly difficult question or problem.  When the show moved to television, it became The $64,000 Question! Recently, … Continue reading

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Fortunately, My Parent Planned Ahead

I was blessed with wonderful parents who were married for 63 years.  Years ago, they wrote a standard will.  After my Mom passed away in 2011, my Dad, an active, independent 80-year-old in relatively good physical and mental health, decided … Continue reading

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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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Commonly Overlooked Tax Deductions

If you’ve been watching television lately, chances are you’ve seen the commercial with the concessions salesperson leaving a stack of money on every seat in the stadium… H&R Block’s assertion that self-filing taxpayers last year paid more than a billion … 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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