While contesting a Will isn’t overly complicated, there are some rules you have to follow. First and foremost, you must have legal standing to challenge the contents of the Will. What this means is that you might have the right to make the challenge and that “right” is very limited. In general, the only people entitled to challenge a Will are: a) those who are a natural heir (i.e., spouse, children, etc.); or b) those who have been named in a previous version of the Will and are …
How Much Should You Be Saving Toward Retirement?
There’s a growing concern among our aging workforce that there might not be enough money to retire. After all, the recession hit everyone pretty hard and if you were only saving the minimum to start with, you might now be wondering if retirement is a dream that’s never going to happen. But before you throw in the towel, consider this: In the past, experts suggested you would need between 75 to 85 percent of your existing income to live comfortably during retirement. But that’s not necessary …
[Read more...] about How Much Should You Be Saving Toward Retirement?
How to Retire Without A Million Bucks
We all know the importance of starting a savings plan for retirement early – after all, this is the only way to accumulate that million dollars the experts tell us we’ll need to live comfortably. Unfortunately, reality doesn’t always make that possible and many of us end up in our 40s and 50s with very little saved, stressed about the retirement that’s looming in our near future. So, can you still retire comfortably without having the coveted million dollars in savings? Yes… yes you can. …
Don’t Make These Retirement Planning Mistakes
Planning for retirement is one of the most important things you will do during your lifetime, and any mistakes you make today can be extremely costly later. In fact, according to experts, of those people that do have retirement plans, about 90% will still live in poverty or run out of money before they die. You Need a Goal – Having an IRA and/or 401k in place is not enough. You need to know how much money retirement will cost you so that you can start planning and working toward that goal. …
[Read more...] about Don’t Make These Retirement Planning Mistakes
Tips to Help You Save Money on Estate Taxes
Passing on the wealth you’ve accumulated over the years to your heirs isn’t always as easy as it seems. With the $1,000,000 estate tax exemption scheduled to come back in 2011, a much larger group of people will be paying inheritance taxes in the coming years. Fortunately, smart estate planning can help at least minimize those taxes so that the bulk of your estate goes to your heirs and not Uncle Sam. The Gift Tax exclusion is an important exemption that you don’t want to overlook. This …
[Read more...] about Tips to Help You Save Money on Estate Taxes
Securities offered through Avantax Investment Services SM, Member FINRA, SIPC. Investment Advisory Services offered through Avantax Advisory Services SM. Placing business through Avantax Insurance Services SM. CA# 0D57837