You may believe that you must be “wealthy” to need a living trust, but that is certainly not the case. Living trusts are becoming a prevalent estate planning tool for many people (and families) whose main assets are their homes, vehicles, etc. This is mostly because setting up a living trust can save you and … Read more
One of the main reasons people plan their estates, besides leaving something for their family, is to avoid probate. So many estate planning lawyers tell their clients to keep their assets out of probate that most people think probate is something that should be avoided at all costs. Is probate bad? It depends on the … Read more
Are you staring at your bank account wondering how on earth you’re gonna retire with basically nothing saved? Trust me, you’re not alone. According to recent data, nearly 40% of Americans have zero retirement savings, and even those who do save only have a median of about $87,000 tucked away. That’s nowhere near enough for … Read more
Its easy to feel like everyone has their financial act together—everyone, that is, except you. But the truth is that a lot of people worry about their money and wonder how they’re doing, especially when it comes to saving for retirement. You might want to look at the average amount saved for retirement by age … Read more
When you retire, you shouldn’t have to worry as much because you won’t have to work full-time and can live your life more on your own terms. Yet for many Americans, financial challenges cloud retirement. In particular, only 37% of retirees do not have any debt, according to an Employee Benefit Research Institute (EBRI) study. … Read more
Ever found yourself staring at your retirement accounts wondering, “How much money can I transfer to a Roth IRA without getting in trouble with the IRS?” If so, you’re not alone! This question confuses tons of people, and honestly, the answer isn’t as straightforward as we’d like I’ve spent hours researching this topic and want … Read more
Ever stared at your website on mobile and thought, “Why does my heading text look so. off?” You’re not alone. As a web designer for over 8 years, I’ve seen countless clients struggle with the same issue. Today, we’re diving deep into one of the most overlooked yet crucial elements of responsive design the header_2_text_color_phone … Read more
Should you hate annuities? Yes, some types. Others? No, not if you believe the federal government, trusted academics or Ken Fisher himself. Behind every successful marketing campaign, there’s a dirty secret. The case of Fisher Investments’ “Why I Hate Annuities And You Should Too” is no different. Here are six reasons why following the advice … Read more
In a relay race, any runner will tell you that handoffs are the difference between winning and losing. No matter how fast you are, you have no chance if you can’t pass the baton smoothly from one person to the next. When it comes to building wealth, you have your own handoff to manage. You … Read more
For most people, the answer is yes. These strategies could help minimize the hit on this retirement income source. Social Security was never meant to be the sole source of income for retirees. Still, with a maximum benefit of more than $45,000 a year if you file at full retirement age, it can be a … Read more