“The Talk” I’m not referring to “the talk” with your teenage children about sex, but rather the “parent and adult children talk” about the parent’s estate plan. Have you had this conversation? Most people have not. My sister Lori is coming to town this weekend from Washington for a high school reunion and we are finally […]
This week we heard of the devastating news of the passing of Robin Williams. Although there is complete sorrow in the loss of an individual that literally touched the lives of millions of people, this article demonstrates how there were positive lessons learned by the way he conducted his life. This post, Robin Williams’ Estate […]
If you have a desire to leave money for your spouse or kids, life insurance is the best asset to leave them. Notice I said “asset,” not “investment.” At death, don’t investments morph into just another asset? I think so and I try to convey this to my clients. Life insurance is not an investment, […]
This is a guest post written by Clifford Holm, an attorney with Fuchs & Roselli, Ltd. www.frltd.com. In 1986, a budding Chicago philosopher looked us square in the eye and cautioned us all: “Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” Almost 30 years […]
One half of all adults do not have a will (there are not statistics regarding out-dated wills). The older we get, the more concerned we are with having this important document completed. I’m guessing most of my readers have a will, but I would also guess that it may have been drafted many years ago […]
Any retirement plan worth a grain of salt addresses the potential cost of long-term medical care. You or your spouse are very likely to need some sort of personal help getting along during retirement. Whether the help comes to your home or you live in an assisted living facility, the potential cost is VERY high. […]
Last week, I wrote about some perks of getting older. Unfortunately, one of the most difficult things about getting older in facing death. Over the past couple weeks, four of my peers have lost their father. They were good men and thought well of by their son’s, wives, and everyone else that knew them. As […]
This is the time of year you will hear much about IRAs (Individual Retirement Accounts) This is because an IRA contribution is the last tax deduction you can still create for your 2012 tax return to make a pretax IRA contribution (provided that you not eligible for another form of retirement saving, ect 401k defined benefit […]
Chances are more than 50/50 that you will need help getting along later in life. The cost is prohibitive and someone (not Medicare) will pay the bills. Home health care is expensive and nursing home care is REALLY EXPENSIVE. The tab could be a few hundred thousand dollars! “Failing to Plan is Planning to […]
Avoiding life’s big financial planning mistakes is not hard if you plan well. Financial planning, however, takes a backseat to day-to-day living for many people and this is where the potential problems creep in. Here is a list of five key planning issues that everyone should address: 1. Not Enough Liquid Savings Having plenty […]
- Have You Had “The Talk”? September 24, 2014
- Money vs. Memories: The Cost of Being Too Frugal September 16, 2014
- Don’t Just Show Up September 12, 2014
- Tragedy in Our Community September 6, 2014
- Does the American Dream Make Cents? September 3, 2014
- What Did You Pay For Your Kid’s College? Please Respond August 27, 2013
- Use Life Insurance for Long Term Care (if needed) December 5, 2011
- Romney Wins – Then What? October 18, 2012
- Perks of Getting Older June 19, 2013
- Is College Worth it Today? An Alternative Idea November 5, 2013
- Brad Rosley: Thank you....
- Mathew: Very nice post. I just stumbled upoon you blog and...
- Brad: Classic guy behavior for many of us....
- Mike Pensinger: I weirdly struggle with my frugality (cheapness) s...
- Dave Ogdon: Yikes Ann, Most of the 12 little known facts ar...