Category Archives: Estate Planning
Look Out For Your Smile, Because Medicare Certainly Won’t
As you approach retirement age, your daydreams about retirement focus increasingly on the things you will not have to do. You won’t have to commute to work, which means more sleeping in late and less money spent on gasoline and on the dry cleaning of work clothes. Attending social events at work will no… Read More »
LLCs And Your Estate Plan
Now that you are retired and the mornings you spend scrolling through news headlines are longer than they used to be when you were working, you have started to become aware of the go to headlines that seem to pop up whenever it is a slow news day. It seems like, every few weeks,… Read More »
What Does Retirement In Florida With $500K In Savings Look Like?
Anyone who tells you that anything less than retiring with one million dollars in savings is poverty as their head in the clouds. Most people do not have nearly that much; the average amount of retirement savings for 65-year-olds in 2024 is $200,000, and a substantial number of sexagenarians have no retirement savings at… Read More »
55 Plus Communities Are Not The Paradise You Think They Are
The layout of single-family homes is perfect for a bedroom community. They are designed for people who spend 40 hours per week somewhere else, at work or school, doing something that takes their minds off of the loneliness of suburbia. Once your children have grown up, you can distract yourself from the emptiness of… Read More »
You Can Get A $10,000 Tax Credit If You Sell Your Empty Nest
Indecision is one of the worst parts of being newly retired. Day after day and year after year, you rushed to get to work every morning. Even after your children grew up and moved out of the house, you eagerly anticipated their arrival on the weekends. Folding laundry for the whole family on Sunday… Read More »
An Elder Law Nightmare: Stepparents Denying Stepchildren The Right To Visit Their Elderly Parents
Generation X eased into middle age by watching what was then called “peak television,” thought-provoking dramas such as The Sopranos and Breaking Bad, crafted for the small screen with as much care and attention to details of narrative and aesthetics as any of the classics of Hollywood cinema. When Baby Boomers started to figure… Read More »
Keeping Your Money In Your 401(k) After You Retire Is An Underrated Strategy
Not knowing how to maximize your retirement savings after you retire is a good problem to have. If your biggest worry is how to grow your employer-provided retirement savings, your financial situation is what most people can only dream of. Complaining that the balance in your 401(k) is only the amount you deposited into… Read More »
Millions Of Seniors Risk Losing Reliable Internet Access As Federal Program Ends
The stereotype that people who are no longer new to adulthood have no idea what they are doing with the Internet no longer holds true. The oldest digital natives are adults who use the Internet to pay bills, respond to emails from work, and read news that influences their votes, which they are now… Read More »
You Can Ditch Your Empty Nest But Still Age In Place
When your youngest child grows up and moves out of the house you bought for the purpose of raising your kids, your McMansion no longer feels like home. It only satisfies your need for a feeling of togetherness as much as an empty Happy Meal box satisfies your hunger. Stay-at-home parents tend to dread… Read More »
Working Until You Are 70 Is Not As Safe A Retirement Strategy As You Think
Although you might not know this from most of the advertising content you see out there, wishful thinking is not a sound retirement strategy. Therefore, if you are basing your plans for retirement on the money you have instead of the money you wish you had, you are off to a good start. Assume… Read More »