If you speak with elders when you are young and anxious, they will tell you that time may seem to move slowly for a while, but it passes very rapidly when you get older. This is certainly true, and before you know it, you may start to recognize the fact that your retirement years are just over the horizon. Unfortunately, many people do not come to this realization until it is too late to accumulate the resources that they need to retire in comfort. Retirement planning is very important, and … [Read more...] about Holistic Planning Should Start Early
Retirement Planning
4 Signs You’re Not Ready to Retire
Can I retire? This is one of the most common questions that Unsworth LaPlante, PLLC receives when talking to clients who are thinking ahead about their futures. Unfortunately, many people have far too little money saved for retirement and they do not have a solid plan in place to ensure they will be financially secure during their golden years. If you do not make your plans for retirement when you are young, the question, can I retire?, is probably going to cause you stress. You should work … [Read more...] about 4 Signs You’re Not Ready to Retire
What Kinds of IRAs Should You Consider During Retirement Planning?
Retirement planning is essential to ensure that you have the money you need when you stop working and want to enjoy your golden years. For most people, Social Security benefits aren't sufficient to live on after retirement. Saving enough to provide you with a steady income and money to do the things you want during retirement can be a challenge, and starting early and making informed choices is key to financial success. Fortunately, there are some tools to help you achieve financial … [Read more...] about What Kinds of IRAs Should You Consider During Retirement Planning?
Vermont Senator & Presidential Candidate Wants to Expand Social Security
Those who want to create a solid plan for retirement should consider reaching out to an elder law attorney. Talking to an elder law attorney to create a retirement plan is not just something that you should do when you are close to the retirement age. In fact, the younger you are when you get help, the better your chances are for a secure future. Today, far too many seniors rely on Social Security as their only source of retirement income. Social Security used to be part of a "three-legged … [Read more...] about Vermont Senator & Presidential Candidate Wants to Expand Social Security
Key Issues That Will Impact Your Retirement Plan
Creating a retirement plan is one of the single best things that you can do in order to make sure that your golden years are filled with joy, rather than financial worries. The sooner you begin the process of creating a retirement plan, the more organized you can be about setting aside assets and structuring your accounts in a way that allows you to maximize your savings and protect your financial security. Creating a retirement plan can be complicated, no matter what stage of your life you … [Read more...] about Key Issues That Will Impact Your Retirement Plan
Are 401 (k) Plans in Trouble?
Did you know that half of American workers lack company-sponsored retirement plans? Or that just 45% of businesses with fewer than 100 employees offer 401(k)s? Is this indicative of future problems? Are today’s 401 (k) plans in trouble? Two-thirds of Americans either work part time, they change jobs often or they work for smaller businesses, all of which can lend to a lack of retirement savings. Couple this with the fact that we’re living longer and the potential for problems become clear. … [Read more...] about Are 401 (k) Plans in Trouble?
Inheriting an IRA
Recently, a client came to us with a question about an inheritance. Turns out, his mother left to him her IRA, which was valued at close to $1 million. His question? “Now what?” He didn’t want to make a wrong choice that could lead to a huge tax bill and he sure didn’t want to make a wrong move that could result in a poor financial move with the money his parents worked hard to save throughout their lives. He was unsure if it was even a good idea to request a check. This was a smart move. By … [Read more...] about Inheriting an IRA
What are Your Retirement Goals?
Are you one of the 36 percent of American adults with less than $1000 in savings? That number has continued to rise in recent years and even more startling, more than half aren’t looking for a way to improve that number. For the other 64 percent, only half have more than $25,000 socked away for retirement. According to the non-profit Employee Benefit Research Institute, many are simply struggling with the cost of living as a whole. The day to day expenses are considerable, which makes … [Read more...] about What are Your Retirement Goals?
What Your IRA Beneficiaries Need to Know
Last summer, the Supreme Court ruled that funds held in an “inherited IRA” are not retirement funds within the meaning of Section 522(b)(3)(C) of the Bankruptcy Code. This means, the accounts are subject to creditor claims in a bankruptcy. The Supreme Court was asked to rule inherited IRAs remain retirement accounts once they’re inherited by the beneficiaries. The argument was simple, the suit explained. An individual IRA that’s passed down should maintain its characteristics and remain … [Read more...] about What Your IRA Beneficiaries Need to Know
Free Report:Is Legacy Planning for You?
We all know how important it is to have a will, a living will, retirement and other important legal documents. It’s the way we’ve always been taught to care for our loved ones and protect what we’ve worked for over the years. Click here to read the whole article or download the PDF. … [Read more...] about Free Report:Is Legacy Planning for You?
