Tag Archives: Monthly Income

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

Posted on April 14, 2014 by Kelly

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 →

Posted in Estate Planning & Administration | Tagged , , , , , , , , , , , , , | Leave a comment

Introducing the IRA Inheritance Trust! (Part 2)

Posted on March 6, 2014 by Kelly

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 →

Posted in Retirement | Tagged , , , , , , , , , , , | Leave a comment

Introducing the IRA Inheritance Trust! (Part 1)

Posted on March 4, 2014 by Kelly

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 →

Posted in Retirement | Tagged , , , , , , , , , , , | Leave a comment

Planning for an Uncertain Life Expectancy

Posted on February 11, 2014 by Kelly

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 →

Posted in Retirement | Tagged , , , , , , , | Leave a comment

Social Security Benefits: Divorce & Remarriage

Posted on January 7, 2014 by Kelly

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 →

Posted in Retirement | Tagged , , , , , , | Leave a comment

Minimum Wage Laws Extending to Cover Home Care Aides

Posted on October 2, 2013 by Kelly

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 →

Posted in Legislation | Tagged , , , , , , , | Leave a comment

Is a Reverse Mortgage Right for You?

Posted on April 25, 2013 by Kelly

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 →

Posted in Elder Law & LTC Planning, Government Benefits, Long Term Care | Tagged , , , , , , | Leave a comment

Reverse Mortgages: The Basics

Posted on April 23, 2013 by Kelly

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 →

Posted in Elder Law & LTC Planning, Government Benefits, Long Term Care | Tagged , , , , , , , | Leave a comment

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

Posted on January 25, 2013 by Kelly

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 →

Posted in Estate Planning & Administration | Tagged , , , , , | Leave a comment

New Retirees May be Better off Financially than Prior Generations

Posted on December 18, 2012 by Kelly

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 →

Posted in Estate Planning & Administration | Tagged , , , , , , , , , , | Leave a comment