» Retirement Planning

Baby Boomers' Retirement Mistakes

June 1st, 2016
If you want to leave an inheritance for your children and grandchildren, it is important to make sure that your assets are not all spent in your retirement. That requires good retirement planning. Unfortunately, Baby Boomers are collectively making a… Read More
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Long Term Care, Power of Attorney, Succession, Taxes, Trust Funding, Weblogs
Tags: estate planning, Retirement Planning, Social Security

One More Scary Halloween Story!

November 13th, 2015
A Halloween riddle for you: What's scarier than ghosts and goblins to Americans 50 and older? Answer: Their finances. That's the upshot of the latest Country Financial Security Index, and two other surveys I've seen lately back it up.… Read More
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Power of Attorney, Succession, Taxes, Trust Funding, Weblogs, Will
Tags: Asset Protection, estate planning, Estate Planning Lawyer, Guardianship, Inheritance, probate, Probate Court, Retirement Planning, Special Needs Trusts, Trusts, Trusts and Estates, Wills

Making Charitable Contributions Work

October 16th, 2015
While you're alive and have philanthropic goals, give appreciated assets held in a taxable account to charity. For charitable bequests, designate your IRA or tax-deferred employer retirement plan. Why? Suppose a hypothetical Al Cole wants to giv… Read More
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Categories: Charitable Giving, Current Affairs, Estate Planning, Weblogs
Tags: Charitable Giving, IRA's, Partial Payout, Planning for the Future, Retirement Planning

Can I Survive Financially if I Live to be 100?

September 25th, 2015
How long will you live? It’s a key question in retirement planning. If you’re healthy and your family tree has branches with staying power, you may figure that you have decades ahead. If your parents died early of natural causes, you may assume a… Read More
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Categories: Aging Issues, Current Affairs, Estate Planning, Weblogs, Will
Tags: Annuity, Asset Protection, Elder Law, Estate Tax, Long-Term Care Insurance, long-term care planning, Medicaid, Medicaid Planning, Medicaid Planning Lawyer, Paying for a Nursing Home, Planning for the Future, Retirement Planning, Tax Planning

“Estate Planner” Scams Customers with Turkish Bond Investment

August 28th, 2015
A Naperville businessman was sentenced recently to seven years in federal prison and ordered to pay more than $3.3 million in restitution for conning clients into investing in nonexistent Turkish bonds as part of an elaborate, $28 million Ponzi schem… Read More
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Categories: Uncategorized
Tags: Asset Protection, Elder Abuse, Elder Law, Planning for the Future, Retirement Planning

How Hard Is Your Money Working?

August 11th, 2015
Your money should always work for you, but when you're retired, it needs to work even harder. Help safeguard your retirement by placing demands on your hard-earned cash. A recent article published in MoneyWatch, “Seven demands retirees should… Read More
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Categories: Aging Issues, Estate Planning
Tags: Asset Protection, Elder Law, estate planning, Estate Planning Lawyer, Estate Tax, Inheritance, Retirement Planning, Tax Planning

Answers to Questions about Medicare and Medicaid

February 4th, 2015
One adult son talks about his mother-in-law's well-being: She is elderly, lives alone, experiences symptoms of dementia, and doesn't accept help easily. She refuses to have strangers in the house. She has lost all effort to cook, but she wi… Read More
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Categories: Aging Issues, Elder Law, Estate Planning, Medicaid, Power of Attorney, Probate, Will
Tags: Elder Law, Elder Law Retirement Planning, long-term care planning, Medicaid, Medicaid Nursing Home Planning, Medicaid Planning, Medicaid Planning Lawyer, Medicaid Trust Planning, Paying for a Nursing Home, Retirement Planning

An Estate Planning Tool Disguised in Retirement – The Roth IRA

March 7th, 2013
Seniors who convert a regular IRA into a Roth account can reduce their estate taxes and eliminate the income tax their heirs would otherwise have to pay on withdrawals taken from an inherited regular IRA. Even though a tool may not originally be desi… Read More
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Categories: Estate Planning, Trust Funding
Tags: estate planning, Retirement Planning, Roth IRA

Planning for Retirement Starts at Home in Ann Arbor

December 18th, 2012
An AARP survey found that more than 80 percent of us want tostay in our homes as we grow old. And as boomers go, so goes the remodelingindustry.     These days, preparing for retirement doesn’t just mean stabilizingyour finances, pre… Read More
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Categories: Aging Issues, Elder Law, Estate Planning, Family Business
Tags: Retirement Planning

The Reverse Mortgage Loan – Going Once, Going Twice in Ann Arbor…

December 17th, 2012
The federal government is proposing to make big changes to its reverse mortgageprogram early next year that should make the (reverse mortgage) loans safer forseniors who use them to tap home equity.     In a response to the speculative… Read More
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Categories: Elder Abuse, Estate Planning
Tags: Retirement Planning, Reverse Mortgage Loan, Social Security