How to Use Joint Accounts and Beneficiary Designations
We need to make sure your legal toolbox has the right tools for the job and that you understand how each of them work, just like an owner’s manual.
Trusts Make Sense Even When You Aren’t a Billionaire
Done right by a lawyer, your heirs can avoid the expense and time of probating your will and may save on estate taxes, while easing the administration of your affairs while alive and after you have gone.
Can You Afford a $450 Loss Every Month with Your Social Security?
Social Security can be a confusing topic but considering that 88% of workers expect to depend on their benefits at least somewhat in retirement, according to a survey from Gallup, it's important to understand as much as possible to maximize your monthly checks.
Zappos CEO had No Will and That Is a Mistake
If you pass away without a will, a state court generally decides who gets your assets and, if you have children, who will care for them.
Elder Financial Abuse on the Rise during Pandemic
The pandemic is isolating many elderly Americans—as family members distance themselves, in an effort to keep everyone safe.
What Is an Ethical Will?
My colleague’s father recently got infected with the coronavirus and had to be rushed to the hospital. The move was abrupt and hectic, and left no time for any deep conversation with his wife and family as he was being taken out to the ambulance.
What Do I Need to Do to Calculate and Correct an Excess IRA Contribution?
IRAs are a great way to save for retirement, but what happens if you contribute to a Roth IRA and your income is too high? Or you contribute more than you're allowed to a Roth or traditional IRA?
What are the Biggest Mistakes Women make with Social Security?
Women face unique challenges when planning for retirement and making these mistakes can result in a skimpier retirement.
Do Seniors with Dementia Show Signs of Financial ‘Symptoms’ Years before a Diagnosis?
A new study led by researchers at the Johns Hopkins Bloomberg School of Public Health and the Federal Reserve Board of Governors found that Medicare beneficiaries who go on to be diagnosed with dementia are more likely to miss payments on bills, as early as six years before a clinical diagnosis.
What Happens If You Fail to Submit a Change of Beneficiary Form?
The financial institution is obligated to distribute the CD to the person or entities that otherwise would be entitled to receive it.