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Home Equity Conversion Mortgages – Important Changes!

HECM’s are not your grandfather’s reverse mortgage, but rules are changing for this increasingly popular financial tool!

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Is My Will Enough?

This isn’t a post about willpower and accomplishing one’s goals. It’s about the essential estate planning document known as a will. Everyone should have these three key estate planning documents:

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Key Estate Planning Documents

Estate planning is a vital component of every financial plan, regardless of the size of the estate. Unfortunately, it’s also an area that is commonly overlooked. This often results in wasted dollars and emotional hardship that could otherwise be minimized with proper advance planning and action.

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My Son’s Surprise 18th Birthday Present: Not What He Expected, But It Will Keep On Giving

Key Takeaways Once your child turns 18, the law prevents you from making certain important financial decisions on his or her behalf. Purchase basic estate documents for your child: will, durable POA, healthcare POA. Help your child select a credit card (with reasonable limits and rates) to establish a credit history. I wrote this blog […]

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There’s Still Time to Contribute to an IRA for 2016

Calendar year 2016 is long gone, but there’s still time to make a regular IRA contribution for tax year 2016! You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2016 ($6,500 if you turned age 50 by December 31, 2016). For most taxpayers, the contribution deadline for […]

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A Checklist for Your Loved Ones

Now is the time of year that many of us are updating (or procrastinating about) our estate plans.  A carefully crafted estate plan can be one of the greatest gifts you can give to your loved ones. Leaving behind a plan that clearly indicates where your important documents are kept can make it easier for […]

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Choosing an IRA Beneficiary? Choose Wisely…

Key Takeaways Your choice of beneficiary(s) for your IRA can have major tax consequences. Choose wisely with your advisor’s counsel. Leaving your IRA to an individual is a simple and flexible solution. Leaving your IRA to a trust is more complex and requires the advice of an experienced estate attorney. How do I choose the […]

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