Stretching an IRA is challenging but not impossible. Not too long ago, your estate plan likely included a Stretch IRA. This allowed your retirement funds to last for the lifetime of your non-spousal heirs (typically your children). With the SECURE Act, this option is no longer on the table for wealth transfer. According to a […]
One can catch up on retirement savings through intentionality with finances. You have been working for decades. In fact, you are now closer to retirement than the day you began your career. Unfortunately, you did not start saving enough or early enough for retirement. This leaves you with quite a bit of ground to cover […]
A Roth IRA can help you achieve greater financial security in retirement. After you enter retirement, your daily living expenses do not suddenly disappear. You still have bills to pay and groceries to purchase. Many people also have mortgages and other debts to pay off. When you add up these figures and the typical increase […]
Caring for those with Alzheimer’s can be a challenge. You recently had a loved one diagnosed with Alzheimer’s disease. Perhaps this condition runs in your family. Maybe it took you completely by surprise. In either instance, the news is devastating. According to a recent Think Advisor article titled “4 Things Advisors Should Know About Cognitive […]
Social Security will look slightly different in 2021. When you think of retirement, you likely also think of Social Security. Social Security benefits provide monthly income in retirement for those who qualify to receive based on their work history. Although you should personally save and invest part of your income for retirement in a Roth […]
You cannot neglect your finances in retirement. You have recently entered retirement. You are enjoying some time to yourself with fewer responsibilities. Even so, there are certain responsibilities you cannot ignore. According to a recent MoneyTalksNews article titled “7 Money Moves You Should Make After Retiring,” you cannot escape legal matters and financial decisions. What […]
It may be challenging to provide care for a parent from a distance. Many families no longer live near each other. Jobs opportunities (or requirements) have taken adult children far from home. Perhaps you are one of these adult children. Now your parents are aging and need your help. You are not sure how to […]
Take steps to save on healthcare costs in retirement. You are entering retirement soon. Perhaps you have already retired. Either way, you know aging brings with it additional healthcare costs. According to a recent Motley Fool article titled “How to Save Money on Healthcare in Retirement,” these medical costs will likely be your largest expense […]
Early retirement can threaten your financial security. You are retiring early. Perhaps this is voluntary. You are tired of the daily grind and want to travel and spend time with your loved ones. Maybe you have been offered early retirement from your employer as a result of the economic downturn. Many businesses are struggling to […]
Your life insurance policy could help you through financial hardship. The economy has been hit hard by the COVID-19 pandemic. Many people have lost their jobs or had their hours reduced. Perhaps you or your spouse are among them. You anxiously review your bank account and your bills. You wonder how you will make ends […]
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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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