10 Simple Steps For Your Estate Executor’s Duties During the Probate Process Family Tree Estate Planning has created this helpful infographic and document explaining the 10 simple steps to help your Estate Executor’s duties throughout the Probate process. Here’s a PDF version of the Estate Executor’s Duties:
Online Estate Planning: How To Make a Will For Your Digital Life This article was originally published on AZCentral. Big-name websites and companies can track your activities to deliver targeted advertising and build up an astonishingly detailed profile. Question: Do you have suggestions for creating a digital will? Answer: Estate planning is one of […]
Source: HBR.org This article was originally published on HBR.org Each year, BlackRock, the world’s largest asset manager, sends a much-anticipated letter to leading CEOs. This year, chief executive Larry Fink’s focus was on why it is imperative for business to contribute to society. One of the first big issues he highlighted was retirement: “Many [individuals […]
So where do you begin? There are several formulas. In a recent Yahoo Finance article, David Rae, a certified financial planner, suggested this: “Add up all of your life savings — your 401(k), your investments, the money under the mattress — and then divide that by 25. Could you live on that amount comfortably for […]
Birmingham hit the No. 1 spot with its low health care and transportation costs and large inventory of affordable housing. Here are the poll’s top 10 least expensive cities, with annual individual costs across the five categories. 1. Birmingham, Ala.: $33,219 2. Detroit: $33,356 3. Jackson, Miss.: $33,676 4. Memphis, Tenn.: $33,859 5. Toledo, Ohio: […]
WalletHub also provided rankings on factors important to older Americans. Plano, Texas, for example, has the highest percentage of older people in its workforce, while Los Angeles offers the highest share of recreational and senior centers. Laredo, Texas, has the lowest cost for home health services. In its rankings, SmartAsset focused on a narrower range […]
The spread was significant: According to the study, $1 million will run out in less than a dozen years in Hawaii (which has extremely high food and housing costs) but will last more than 26 years in Mississippi (which, not unexpectedly, has exactly the opposite situation). The gap between Hawaii and the second-most-expensive state (California) […]
But there is a hitch: These attempts are likely to be challenged in court for allegedly violating federal pension laws. According to the Journal, Oregon and other states are hiring lawyers to declare that their plans don’t hold the employer liable if something goes wrong and employees sue. Some experts say the courts may ultimately […]
In honor of its 82nd anniversary, here are 10 interesting facts about Social Security. (Sign a birthday card to help keep the program strong.) 1. When Social Security legislation was approved in 1935, the minimum monthly benefit was $10 and the maximum was $85. Average monthly benefit check in 2017: $1,323, or about $15,881 a year. For […]
The retirement cost cuts came as employers shifted from defined benefit retirement plans to defined contribution plans such as 401(k)s. “Beyond the overall increase, there has been a seismic shift that can be characterized as a tale of two benefit programs,” John Bremen, managing director of human capital and benefits for Willis Towers Watson, said […]
This Kiplinger article was written by Ali Swofford, PhD, CLU, ChFC, President of Swofford Financial in May 2017. You can find Ali’s Kiplinger bio here. Read the full article here. Your ideas on what your life will be like in retirement, how you’ll pay for it, when it will come and how much you’ll spend once […]
It would be the largest increase since 2012, when the COLA rose 3.6 percent. Social Security recipients received no cost-of-living adjustment in 2016 and just 0.3 percent in 2017. If the trustees’ projections are correct, on average, beneficiaries would receive an additional $28 a month. The Medicare Part B standard monthly premium is expected to […]
Rich worked from 2013 to 2016 for the Pension Benefit Guaranty Corp. (PBGC), the federal agency that insures pension plans. He predicted problems in particular for multiemployer plans, in which employers in unionized industries contribute to a single plan. Rich said he expected that close to 8 percent of those plans will default over the […]
The top-ranked state is Nebraska, which scored A ratings in financial issues and community quality of life, though it pulled C’s in health care, employment and housing. Runner-up Michigan scored B’s in financial issues and health care, and C’s in the rest. The remainder of the top 10, in order: Minnesota, South Dakota, Wyoming, Tennessee, […]
Point of View: Giving Too Much Money To Adult Children Christine Benz offers ways to deal with excessive giving to adult children, long-term care expenses, and cognitive decline. The Long Term Care Insurance starts in Video from 2:40 to 4:50. By Christine Benz and Jeremy Glaser of Morningstar.com | 07-05-2017 01:00 PM Read Full Article HERE […]
Our interactive guide helps you see into your financial future. If you stay on the green path as you move down the page, congratulations, your retirement plan is sound! If you find yourself on the red path, don’t worry — there’s still hope! Just follow the tips in the guide and at aarp.org/retirement to get you back […]
This article was published by AARP & New York Life | Original article available here. You may have heard stories about the complexities and confusions after someone passes away: unforeseen costs, delayed access to funds, legal battles with loved ones. But with proper planning and organization, you can ensure that your estate is well protected […]
The study, by Washington, D.C.-based real estate research firm CoStar Group, looked at data from 17 major real estate markets. CoStar found that over the past seven years, 80 percent of people 55 and older who’ve moved to another home stayed within their county or state. As a result, a rising number of boomer retirees […]
“Retirement planning can sometimes leave people anxious, confused or even paralyzed,” said Debra Whitman, AARP executive vice president and chief public policy officer. “This campaign will break down retirement savings into easy, actionable steps for all Americans.” AceYourRetirement.org features a digital retirement coach named Avo, a chatbot that will ask the user questions about their […]
This Kiplinger article was written in May 2017 byBarbara Shapiro, President of HMS Financial Group. You can find Barbara’s Kiplinger bio here. Read the full article here. Forget finances, you’ll never be ready to retire unless you’ve thought through exactly what you want your next chapter to be like. Historically, people retired when they reached […]
Christine Benz, Director of Personal Finance on Morningstar.com discusses how job loss, the death of a spouse, and divorce can derail retirement, but a sound financial plan can help, says Baird’s Tim Steffen. By Christine Benz on Morningstar.com | 05-04-2017 11:00 AM Video Transcript: Christine Benz: Hi, I’m Christine Benz for Morningstar.com. As retirement approaches, even the […]
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