When planning your estate, be sure you understand the differences between bequests spelled out in a will and beneficiary designations incorporated in retirement accounts.
A health care proxy allows you to designate a person who can make medical decisions for you in the event that you are too seriously incapacitated through illness or injury to make those decisions yourself. In some states, a health care proxy is known as a medical power of attorney.
How times have changed. Only 26 percent of American households are composed of married couples with dependent children, according to the latest U.S. Census. Financial advisors may wish to educate themselves regarding the unique financial needs of unmarried couples – a group that may already represent a growing number of your clients.
Most adults become eligible for Medicare on the first day of the month they turn age 65. Whether you need to sign up and how to go about doing so depends on the type of coverage you select and whether you collect Social Security benefits prior to becoming eligible for Medicare.
Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article. Cary, NC – When friends and loved ones finally raise their glasses to bid you a long and healthy retirement, you do not want to be worrying about how your bills will get paid. That is why it is so important to participate in […]
If you’re ready to start investing or ramp up your current investment initiatives, but there just doesn’t seem to be enough money left over at the end of the month, don’t give up. The following strategies could help you manage your money better and free up resources for your investment goals.
Early retirement is a phrase many Americans wish they could turn into a reality. While retiring in your 50s or early 60s sounds enticing, it typically requires years of planning to make sure you’ve accumulated enough retirement assets to last for 20 or 30 years or more.
If you’re thinking about giving money to minor children, such as a new grandchild, it might make sense to take advantage of The Uniform Gifts to Minors Act or The Uniform Transfers to Minors Act (UGMA/UTMA), depending on your state.
Traditional IRAs and Roth IRAs – there are some key differences between these two types of individual retirement accounts (IRAs). While the contribution limits are the same for both, each has its own specific rules and potential benefits.
As a single parent, you need to understand the financial strategies that can stretch your income and help you lay the groundwork for a secure future.