Retirement Planning Mistake: Not Taking Advantage of Pre-Tax and Matching Contribution Benefits
The second biggest mistake in retirement planning identified by Wealthramp, a referral system for fee-only retirement planners, is failing to take advantage of pre-tax contribution benefits and matching contributions offered by your 401(k) plan.
Retirement Planning Mistake: Failing to Consider Long-Term Care Costs
Wealthramp, a referral service for fee-only financial planners, lists the first mistake we make in retirement planning as failing to consider the cost of long-term care when estimating our living costs. These can be substantial. 80% of us will need some form of long-term care. Read more here to avoid making this retirement planning mistake!
9 Biggest Retirement Planning Mistakes to Avoid
Almost all of us want to retire someday. None of us want to retire into poverty or to be unable to receive the care we need. Being aware of the changing environment may help us avoid both. Read more for the 9 biggest retirement planning mistakes.
Navigating Options When You Need Home Help Now
A fall, a stroke or heart attack from which we “rehab” enough to go home but not quite enough to manage on our own or a surprise decline in strength and mobility can leave us in need of home help now. Learn how to navigate your options for home help.
Know Your Rights: Taking Family Medical Leave
You may unexpectedly find that you are needed at home to take care of a child, spouse, parent or other family member – or to recover from an illness or operation. When considering Family Medical Leave, make sure you understand the paperwork and your rights. Explore the options here before applying.
When You Suspect Elder Abuse: How an Elder Lawyer Can Help
When you suspect elder abuse, with the help of an elder law attorney, you can do more than place a telephone call, file a report, and hope that everything works out for the best.
Hiring Help at Home for the Elderly
The U.S. Bureau of Labor Statistics projects that the number of people providing personal and health care will increase by 41% in the coming decade. Many of us will be hiring them for ourselves, our spouses or our parents. We can seek recommendations from our doctor or a geriatric care manager. When hiring help at home for the elderly, keep the following in mind.
Practical Steps to Avoid Guardianship
Guardianship can usually be avoided with a properly drafted Medical Power of Attorney and a properly drafted Durable Power of Attorney but there are situations in which a guardian of the person is needed. Before filing the guardian application, be practical.
How To Give Your Children a Step Up through Generational Wealth
The most important thing we give to our children is having us as parents. The most important legacy we leave for our children is our example, the values by which we live. We may be able to better their life chances through financing their education or give them a step up through “generational wealth.”
When Should You Take Social Security?
Most Americans take Social Security as soon as they can, at age 62, giving up the approximately 30% more they could receive, every month for the rest of their life, if they waited until full retirement age. When should you take Social Security?
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