Senior Financial Planning

  • How to Help Fund a Grandchild’s College Education

    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.

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  • Inheriting an IRA Can Be Taxing

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

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  • Building Your Retirement Planning Team

    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.

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  • The Pros and Cons of Using Annuities for Retirement Planning

    There are undeniable benefits to purchasing an annuity to provide retirement income, but careful planning and consideration are required to find the investment product that is the best fit for your financial situation.

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  • How to Adjust Annuity Strategies in Retirement

    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.

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  • Spending Strategies to Make Your Retirement Savings Last

    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.

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  • Financial Education Has No Age Limit

    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.

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  • Charity Checkup: Get the Scoop Before You Donate

    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.

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  • Older IRA Owners: Distributions Are Required

    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.

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  • Safe Income Strategies for Retirees

    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.

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  • What's in Your Parent's Wallet?

    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.

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  • Why Your Aging Parents’ Finances Are Your Business

    Speaking with your parents about their financial future isn’t an easy thing to do. However, a bit of planning and candid conversation will prevent unnecessary complications if someone needs to step in to manage their affairs.

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  • Beneficiaries Should Exercise Caution When Allocating Trust Funds

    Special Needs Trust Funds can help safeguard disabled individuals against becoming impoverished. However, the use of these funds must comply with government agencies' income guidelines.

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  • Beware of Pension Poachers

    Pension poachers look for older adults who are eligible to receive a pension and convince them to restructure their assets in a way that could cause trouble when applying for Medicaid.

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  • Gift Tax Q and A for Family Caregivers

    Will you owe a gift tax this year? Use this Q&A to determine if the “gifts” you have received are considered taxable revenue.

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  • Tax Rules for Social Security Benefits

    The money a Social Security beneficiary receives could affects their taxes. Discover the current base amounts and tax rates for each filing status and determine if your benefits are considered taxable income.

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  • Tips for Choosing a 401(k) Plan

    401(k) plans are an employer-sponsored benefit that enables workers to set aside money towards their retirement. How do you decide which kind of 401(k) plan is best for you? Very carefully.

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  • The 411 on 401(k) Plans

    401(k) plans are one tool for saving for retirement that financial advisers urge Americans not to forgo. If your employer offers one of these programs, opt in as soon as you can.

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  • 5 Free and Low-Cost Financial Planning Tools

    A roundup of web-based and mobile financial tools that will help you monitor your money, budget better and save more.

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  • The Costly Difference Between Male and Female Family Caregivers

    The costly difference between male and female caregivers stems from one staggering statistic.

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