It is easy to forget about changing your beneficiaries for retirement plans, investment accounts, insurance policies and your IRA, but if you have recently gotten divorced or remarried or had a death in the family, it is important to update these designations. Your spouse is the primary beneficiary of your 401(k), unless they sign a… Continue Reading
Author Archives: John
Succession Planning for a Family Business
If you run a family business, succession planning is essential. Meet with an advisor who can bring the family together to help create a plan for the future that will minimize conflict. Who do you want to run your business when you pass away so that it stays successful? It is important to find a… Continue Reading
Help Boost Your Retirement When You Become an Empty Nester
Need to boost your retirement? Do you realize it costs hundreds of thousands of dollars to raise a child? When the kids finally do leave home, parents often spend nearly as much money on travel, fixing their home up, buying a new car, and other costly purchases. Many continue to pay for their children’s college,… Continue Reading
2016 Medicare Parts A and B Premiums and Deductibles
With the new year here there are new Medicare Parts A and B premiums and deductibles. The standard Medicare Part B premium will hold steady at $104.90 a month, but for almost a third of beneficiaries, the premium will rise to $121.80 a month. The Part D deductible will rise to $166 for all beneficiaries.… Continue Reading
Estate Planning And the Impact of Rising Interest Rates
Today interest rates are still quite low, but the Federal Reserve just hiked rates for the first time since the financial meltdown of 2008. Interest rate increases impact estate plans in a number of ways. With low interest rates, intra-family loans are very advantageous because the total amount of interest to be repaid is less.… Continue Reading