Reverse Mortgages Can be a Retirement Tool — With Caution

You’ve saved. You’ve invested. You’ve worked hard. But somehow, you fear there won’t be quite enough income to live on comfortably when you retire. What else can you do? Though we would only recommend this option under very specific circumstances, a reverse mortgage is a planning tool that can enable you to borrow against your […]

Read More…

Not-So-Powerful Powers of Attorney: What You Need to Know

Everybody should have a power of attorney—that is, a legal document that gives a designated individual the right to act on their behalf when making financial decisions. The power of attorney is most often used by adult children to make decisions on behalf of aging parents when they are no longer capable of making sound […]

Read More…

Have a Plan for Aging Family Members’ Finances

We all know that aging can bring its challenges — and one of the more difficult aspects is that it can eventually reduce our ability to manage money and make sound financial decisions. Experiments show that our reasoning skills drop steadily after peaking at age 53. Add to that dementia, which affects about 1 percent […]

Read More…

7 Steps to Build a Successful Estate Plan

Over 50% of our adult population does not have a current or up-to-date estate plan to protect themselves and their family’s assets; that’s half of your family, friends, and associates. Estate planning is a financial process that can protect you and your family and is a very important component of your overall financial planning. Now […]

Read More…

Estate Planning for Your Digital Life

With so much of our financial and personal information now online, estate plans must address the fact that our digital selves will outlast our human selves. Loved ones left with the unpleasant task of navigating and penetrating the digital maze can inherit a complicated puzzle. Your online banking account, email accounts, Facebook page, and even […]

Read More…

Estate Planning: the Best Gift to Leave Behind

The 2018 passing of the “Queen of Soul” arrived with some surprising news. With an estimated $80 million estate, Aretha Franklin died without a will or a trust. Her four sons have recently reached an agreement with the IRS over a $7.8 million tax debt, which should move them closer to receiving money from her […]

Read More…