Tag Archives: Monthly Income

My Parents Were Unprepared for a Health Crisis (But Fortunately, Four Pillars Was There to Help)

In September of 2011, I dropped by my parents’ house for quick overnight visit.  I had been there less than a month earlier, and at that time, our Dad exhibited some of the forgetfulness one expects with an aging parent.  … 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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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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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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Minimum Wage Laws Extending to Cover Home Care Aides

The Obama Administration has announced that it will extend the U.S. minimum wage and overtime laws, created under the Fair Labor Standards Act, to cover home care aides who assist the elderly and disabled, allowing them to remain in their … Continue reading

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Is a Reverse Mortgage Right for You?

While reverse mortgages may look like no-lose propositions on the surface, they also have some significant downsides. First, the closing costs for these loans are about double those for conventional mortgages. For example, closing costs on a $110,000 reverse mortgage … Continue reading

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Reverse Mortgages: The Basics

Under our “system” of paying for long-term care, you may be able to qualify for Medicaid to pay for nursing home care, but in most states there’s little public assistance for home care. Most people want to stay at home … Continue reading

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New Year’s Resolutions: Getting Your Nest Egg in Shape

Many people start the New Year making resolutions relating to their physical and mental health, but have you thought about extending your resolutions to your financial health as well? After the last few years of difficult economic times, welcoming in … Continue reading

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New Retirees May be Better off Financially than Prior Generations

Based upon a study by the Investment Company Institute, “on average, more-recent generations of households have higher levels of resources to draw on in retirement than previous generations.” The shift to defined contribution plans like 401(k)s, from the defined benefits … Continue reading

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