Are you dreaming about retirement but feel totally lost about how much money you actually need? Join the club! I’ve been obsessing over this question lately, and specifically wanted to figure out what it takes to live comfortably on $60,000 a year in retirement Turns out, the answer isn’t as simple as I thought – … Read more
In most cases, yes. Having a power of attorney does not eliminate the need for probate. A power of attorney is only valid during the donor’s lifetime. Therefore, once they have died, the attorney no longer has any powers. Once the principal dies, their assets become part of their estate, and the executor or personal … Read more
There is no limit to the number of individual retirement accounts (IRAs) that you can establish. However, you will still have to follow your annual contribution limits. This means that you can’t just put the most money possible into all of your accounts. In other words, if you have two IRA accounts, you can contribute … Read more
Most of us work for decades to get to the point where we can retire. After years of saving, planning, and dreaming about your golden years, picking the exact date of your retirement may not seem like a big deal. But believe me when I say that the time you retire can have a big … Read more
It’s not uncommon for a retiree to have a million bucks these days. Between super, bank savings, property and investments, there’s a lot of 60-year olds with $1 million. Are you dreaming about that golden retirement? Maybe you’ve heard that magical figure of $1 million thrown around as the ideal retirement nest egg But is … Read more
It’s normal to dream about retirement and wonder when you can finally get that super you’ve been saving for years. You’re not the only one! As a financial blogger who has spent a lot of time researching this subject, I’ve put together this complete guide to help you figure out when and how you can … Read more
Are you worried about meeting your financial obligations? Are you wondering if you’re behind on those loans? I’ve done a lot of research on this subject, and the answer isn’t as simple as you might think. Let’s look at the truth about getting out of debt and the ages that financial experts say are best. … Read more
Are you thinking about setting up a trust as part of your estate plan? Trusts have many benefits for protecting assets and managing wealth, but they also have some big problems that you should think about carefully. I’ve helped many clients navigate these waters, and I always make sure they understand both sides of the … Read more
So you’ve managed to save up $200000? First off, let me say congrats! That’s seriously impressive in today’s economy where most folks are struggling just to keep their heads above water. Having this kind of cash sitting around is both exciting and a bit nerve-wracking. You’re probably wondering, “What should I do with 200K savings?” … Read more
Retirement can evoke s of a relaxing, debt-free life with no monthly mortgage payment, assuming you have already paid it off. However, some financial planners suggest retirees continue to carry a mortgage into and throughout retirement. Reinvesting the proceeds from your home equity to generate a stream of income might make your golden years more … Read more