Financial Planning Articles -

Financial Planning Articles

A reverse mortgage loan is one option that may deserve consideration as retirement needs grow and savings and Social Security benefits may not be enough to retire on comfortably and with confidence.

A reverse mortgage is a type of home equity loan for seniors age 62 and older that is used to turn a portion of their home equity into cash. Is this financial planning tool right for you?

Seniors can benefit from adding these safe and generally tax-exempt securities to their portfolio, either individually or through mutual funds.

Seniors who depend on a fixed income to fund their retirement are vulnerable to inflation, but proper planning and investing can safeguard their spending power.

Use these tips to locate missing U.S. savings bonds and more easily track and manage a portfolio electronically.

With the help of a well thought-out savings plan, grandparents can help their grandchildren avoid college debt and get off to a more financially secure start.

Inheriting an Individual Retirement Account (IRA) has certain tax implications. Understand your options to avoid costly mistakes.

Assemble a winning team of professionals to help you manage your finances and plan for the future. Make sure these three experts are in your lineup for long-term success.

There are undeniable benefits to purchasing an annuity, but there are many different types. Careful planning and consideration are required to find one that is the best fit for your financial situation.

Annuities are one of the more complex options that can be used in a financial strategy. Learn to decipher the jargon and figure out a better way to use them for retirement planning.

People are living longer in retirement, which means many are at risk of outliving their savings. Retirees who carefully manage their spending are more likely to weather market fluctuations well and make their nest eggs last.

Numerous resources are available to educate a spouse or an aging loved one on the basics of personal finance, retirement planning, investing and more. In fact, some of these learning tools are both practical and enjoyable.

If you are healthy and expect to live a long and fulfilling retirement, you may want to consider waiting to claim your retirement benefits.

Bells are ringing all over town as charities ramp up appeals for holiday donations. Use these simple strategies to give confidently and maximize your charitable efforts this season.

Older investors who own Individual Retirement Accounts must start taking the money out when they turn 70½. The 50% tax penalty for failing to do so can be brutal.

Safe government-backed CDs and bonds are generating so little income that many investors are scouting riskier options. Discover ways to make ends meet without taking on significantly more risk.

Qualifying for Medicaid is a complex process that many seniors and their caregivers have difficulty with. Each state's program rules differ, but "income cap" states allow applicants to use a specific trust to help them meet eligibility guidelines.

Their wallet can tell you a great deal about their ability to manage their finances. Ensuring its contents are current and organized will help to extend their independence and make dealing with banks, Medicare and credit card companies simpler.

If the trust was revocable (a revocable living trust) and intended simply as a way to avoid probate, your attorney and accountant will tell you that she still owned the real estate at death, so there will be a “step up in basis” for you and the other beneficiaries.

Families often struggle to find funds for their loved ones’ care, but adequate planning and awareness of all available options can make a world of difference.
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