Health mistakes can lead to a greater risk of illness. We all make mistakes. Some mistakes are small and have little lasting impact. Other mistakes are significant and can affect ourselves and others for many years. According to a recent Money Talks News article titled “7 Deadly Health Mistakes People Make After Age 50,” recognizing […]
There is no magic age for creating an estate plan. Perhaps you are reading this and are retired. Maybe you have just turned 18 and achieved legal status as an adult. You maybe you are somewhere in between. According to a recent Reality Biz News article titled “When is the right time to consider estate […]
Finding purpose in retirement leads to greater satisfaction. People are “meaning-makers” by all accounts. We like to understand our experiences and take lessons from them. This is why stories have been important in all generations. They help us identify who we are and who we want to be. Many Americans have a limited view of […]
Retirement can become more expensive with Medicare mistakes. There are many benefits to leaving the workforce for retirement. You have more freedom for hobbies, friends, family, and travel. Retirement also comes with new responsibilities and decisions. According to a recent Money Talk News article titled “5 Medicare Mistakes to Avoid for a Healthy Retirement,” navigating […]
Mistakes in planning for retirement can lead to unnecessary and avoidable stress. Planning for retirement starts early. If you started saving at the beginning of your career, you should have a decent nest egg when you are nearing retirement. Even so, planning does not necessarily equate to wise planning. According to a recent AARP article […]
Original Medicare has limits to what it will cover. Americans age 65 or older are eligible for Medicare coverage. Those with certain qualifying disabilities are also eligible for this coverage. Medicare provides health insurance benefits to these individuals. According to a recent AARP article titled “7 Things Medicare Doesn’t Cover,” there are certain expenses not […]
Inherited IRAs are subject to comprehensive federal rules. An important part of retirement planning is saving money in a traditional IRA or 401(k). These tools provide an opportunity to save for retirement while deferring taxes on the contributions. Through investment, these accounts can grow to provide a sizable income for you in retirement. According to […]
You may be able to deduct long-term care costs on your tax return. Few people get excited about filing taxes. For many, organizing and reviewing paystubs, receipts, and health insurance forms is tedious and unpleasant. [Count yours truly among that many, but fortunately Gretchen takes care of all of that!] Although filing taxes takes time […]
Tax penalties can be especially stressful in retirement. You have built your nest egg. Now you are in or nearing retirement. In retirement, you should have nothing to do but enjoy the fruits of your labors free from worry. According to a recent Money Talks News article titled “3 Tax Penalties That Can Ding Your […]
You can save on taxes with qualified charitable distributions. Few people look forward to any portion of their income ending up in the hands of the government. Even if they cannot keep and use all of their funds for themselves and loved ones, many people prefer to have a say in how the funds are […]
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Overland Park Estate Planning Attorney Kyle Krull assists clients in Kansas and Missouri with Estate Planning, Wills, Trusts, Revocable Living Trusts, Charitable Planning, Asset Protection and Business Succession Planning in the greater Kansas City area including Overland Park, Leawood, Olathe, Lenexa, Johnson County Kansas and Jackson County Missouri.
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