Financial Planning

Common vs Solemn Probate

By |2021-08-09T13:24:50-04:00August 9th, 2021|Estate Planning, Financial Planning|

Probate is a term most people have heard. It’s the court process required to settle an estate when a Will was used as the estate planning tool. What most people don’t know is that there are two types of probate—Common and Solemn. The executor chooses the one that is most appropriate. Common probate is used most often. It’s the easiest. [...]

Embracing Social Security Online

By |2021-07-19T10:44:43-04:00July 19th, 2021|Financial Planning, Retirement|

Customer service is mostly dead. It’s probably housed in the Smithsonian along with the T-Rex and TV rabbit ears. As technology has progressed and Millennials have come of age, we have been pushed, sometimes kicking and screaming, to conduct personal business online. The Social Security Administration is no exception. Call the SSA and you will hear, “Offices are open to [...]

The SECURE Act Retirement Plan Rules

By |2021-06-29T09:29:54-04:00June 29th, 2021|Financial Planning, Retirement|

Why make it simple when difficult will do. That seems to be the motto of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, even in its title. The SECURE Act has been the law of the land since January 1, 2020, and the 125 pages of reforms were, allegedly, supposed to make saving for retirement easier and more [...]

How the Social Security Earnings Test Can Work Against You

By |2021-06-07T11:42:09-04:00June 7th, 2021|Financial Planning, Retirement|

The checklist when preparing for retirement is a long one. But you need to be aware of one item in particular if you intended to start taking Social Security before your Full Retirement Age (FRA) and continue working—the Social Security Earnings Test. It can suck Social Security dollars out of the pockets of unsuspecting retirees. To paraphrase a familiar old [...]

Taking Medicare For A Test Drive

By |2021-06-02T08:24:57-04:00June 2nd, 2021|Financial Planning, Retirement|

If your childhood was like most, when you made mistakes or something went wrong, you really wanted a do-over—another shot at making the right decision? You’re not a kid anymore, but it’s nice to know there’s still an opportunity for a do-over—a Medicare test drive. When you’re eligible to sign up for Medicare, if you choose a Medicare Advantage plan, [...]

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