Many Americans have come to believe certain myths about Social Security benefits and may be misinformed on a range of important topics, such as who is actually eligible to receive benefits, how much they will receive when they apply for benefits, or whether Social Security will pay for their long-term care, to name a few. While the future of Social Security may be uncertain, it is essential to understand the facts about Social Security, particularly what your benefits are, and what they are not, so you can make informed decisions to help prepare for your future.
Let’s explore the
In recent times, I worked with quite a few clients who already have estate documents, albeit executed many years ago. Invariably, each of them asked me these very important questions – 1) What should we do if the last Will we executed is old?, 2) How often we need to revisit or review our will? While no one answer fits the unique needs of all, very generally speaking, my recommendation is – You need an estate attorney to look over your documents every 10 years or so.
That said, here are 7 points to consider to ensure your Estate Documents
My wife and I took our long-awaited vacation at Turks and Caicos last week. Apart from enjoying the white sandy beaches and the cool breezes, I also noticed there was so much enthusiasm in fellow-vacationers about owning a second home at the beach front. And, the confidence that they could afford such a commitment was high. I wondered why – and then answered my own question: Perhaps, these two financial factors had a role to play: 1) the 9-year long bull market rise (despite some notable and recent slides), and 2) interest rates that remain historically low.
Hence this blog
Land a great new job? Awesome. Now is the perfect time to think about your 401(k) and retirement plan, whether you had one before or not. Saving for retirement is important at all ages, so don’t let this opportunity fall to the bottom of your list.
Here are few tips to consider when starting a new job and a new 401(k).
1. Make more contributions if you have a bigger paycheck. When you get a raise, it is a good idea to increase the amount you contribute to your 401(k). You didn’t have this money in your pocket, so you