Dealing with a loved one’s estate after they’ve passed away can be emotionally draining. Add to that the complex legal process of probate, and it’s easy to feel overwhelmed. If you’re wondering about probate duration in 2021, you’re not alone. Most people want this process over quickly, but unfortunately, probate often takes longer than expected. … Read more
One of the most important questions you’ll have to answer when planning for retirement is, “How long does a pension last?” The answer can have a big effect on your peace of mind and financial security in your golden years. Let’s talk about your options and everything you need to know about how long your … Read more
I went to school for eight hours a day, but I knew that in the long run, I would make the same amount of money or less than the average person. Putting in my all for someone else’s company and making the same amount no matter how hard I worked. When I explain this to … Read more
An irrevocable trust cant be changed or cancelled unless its beneficiary or a court allows it. Ever wonder who owns that nice beach house or investment portfolio after you put it in an irrevocable trust? The answer might surprise you, and it’s important to know if you’re thinking about using this powerful way to protect … Read more
You’re not the only one who has looked at their bank account after getting a bonus or an inheritance and wondered, “Should I pay off my mortgage or put this money in the stock market?” People in America can’t sleep because of this financial crossroads, and the answer isn’t as simple as some “experts” might … Read more
Even though the Social Security Administration runs the Supplemental Security Income program, it is not paid for by Social Security taxes like the Social Security Disability Insurance program is. Instead, SSI benefits are funded by general tax revenues collected by the federal government. Adults and children who qualify for SSI get money every month to … Read more
When you get to be 80 years old, you need to rethink how you invest. Gone are the days of aggressive growth portfolios and risky investments. But that doesn’t mean you should let your money sit there! As someone who has helped many seniors with their money in their later years, I think there’s a … Read more
I hear the term “generational wealth” from time to time, and I have even written about just how difficult it is to maintain wealth in a family long-term. Yet I hear this frequently listed as a goal (not a SMART goal, but a goal nonetheless). The gist of it comes from ideas like this quote … Read more
Can Social Security benefits be garnished? The answer is a definite no in some situations, but in others, it becomes a distinct possibility. Ultimately, it depends on who’s doing the garnishing. Certain government entities, such as the U. S. The Treasury and the Social Security Administration can take money from your paycheck to pay off … Read more
Many Americans are rethinking how to make sure they have a steady income in their later years because of rising prices and unstable markets. As a result, annuities have surged in popularity, especially among those nearing retirement. With an annuity, you take a lump sum of money and convert it into a predictable stream of … Read more