Making withdrawals from retirement accounts comes with consequences. COVID-19 has triggered an economic downturn. As stock values have dropped, people have lost chunks of their nest eggs. Depending on their careers, their earned income may have fallen or disappeared. Making withdrawals from 401(k)s or IRAs may seem like the best option. According to a recent […]
Long-term care costs may rise as a result of COVID-19. The majority of seniors will require long-term care as they age. Once you reach age 65, you have a 70 percent chance of needing some form of long-term care sometime thereafter. The cost of long-term care has been high historically. According to a recent Motley […]
Retirement misconceptions can lead to poor planning strategies. Retirement is a significant milestone for many Americans. Many create plans for what they will do when they no longer punch the clock. Whatever these plans may be, they require money to happen. You need to start saving financially and investing in your future. According to a […]
Your IRA could benefit from the government response to COVID-19. The COVID-19 virus has changed a lot about our daily lives and routines. Schools have been closed. People have been laid off. Stock markets have plummeted. In response to the COVID-19 pandemic, the federal government is taking steps to mitigate the negative financial impact on […]
You could benefit from Spousal Social Security. Are you married? Did you stop working for a few years to rear your children? Perhaps you have worked full time but make significantly less than your spouse. According to a recent Investopedia article titled “How Does My Spousal Social Security Benefit Work?,” your personal Social Security benefit […]
COVID-19 has paused retirement saving for many. Whether you have been working for a few decades or a few years, you know you will not be working forever. You will eventually retire. When this happens, you will still need money. To provide future income, you have been diligently saving for retirement. Unfortunately, COVID-19 interrupted the […]
Estate planning is necessary to keep the family farm. You are a man or a woman of the earth. The land you farm or ranch may have been in your family for generations. In fact, you have always known the land will outlast you. According a recent Bangor Daily News article titled “How farmers can […]
COVID-19 puts seasoned citizens at risk. Are you considered a senior? Perhaps your parents are in this age group. Either way, you should be particularly cautious in the midst of the COVID-19 pandemic. Many businesses have already taken action with their own precautions. According to a recent MarketWatch article titled “America’s growing elderly population is […]
Retirees considering marriage should evaluate several factors. You are in your later years. While in retirement, you have found purpose elsewhere. You have found love. Should you tie the knot? According to a recent Kiplinger article titled “Financially, Marriage Makes a Lot of Sense for Retirees,” retirees considering marriage should weight the pros and cons. […]
COVID-19 tests will be covered under certain Medicare plans. As a worldwide pandemic, COVID-19 has been all over the news. The value of COVID-19 testing is emphasized by healthcare workers across the country. Although these tests are important, they raise a number of questions. What are they? According to a recent CNBC article titled “Medicare […]
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
