Making withdrawals from retirement accounts can backfire. Funding a retirement account when you are employed should be prioritized. By saving in your retirement accounts, you will have money to withdraw in retirement. These retirement savings become a significant source of income when your are in your golden years. According to a recent Smart Asset article […]
How you divide your estate plan impacts your loved ones. Parents who want to leave their assets to the next generation will have more decisions to make if they have more than one child. If you have one child, he or she can be a solo heir without triggering jealously. On the other hand, under […]
Fitness provides health benefits at any age. What do you envision when you hear the word “fitness”? Do you imagine elite athletes at the Olympics or professional level? Maybe you think of personal trainers at a local gym. You may even recall your own athletic competitions as a youth. According to a recent Money Talks […]
RMDs can be taken efficiently or inefficiently. Required minimum distributions (RMDs) are essential to traditional IRAs. Because contributions to these accounts are tax-deferred, the government will levy taxes when distributions are made. At these times, the withdrawals will be taxed as ordinary income. According to a recent Kiplinger article titled “2 Essential Strategies for Taking […]
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 […]
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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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