Early IRA contributions can benefit your financial situation. We are solidly into the year 2020. Time is a fast flowing river. In fact, we are fewer than two months away from the tax filing deadline. You are looking at your finances and realize you can still contribute to your IRA for 2020. You have always […]
Gray divorce will impact estate planning. You are no longer in the days of your youth. You are either nearing or in retirement. You are also entering into a divorce. According to a recent Clare County Review titled “Rising Gray Divorce Rates Are Making Estate Planning Problems More Complicated,” gray divorce brings with it a […]
Leaving money to charity can bless others for a long time. Recently, a Rock Island, Illinois resident passed away. At the age of 93, Rosemary Woodard was not famous. In fact, she lived a life serving others as a nurse. She also lived a life of charity and generosity when it came to her community. […]
A vacation home can have drawbacks. You and your family like to get away. Buying a vacation home seemed like a great idea. Your children could inherit it. You may even be able to rent it out together. According to a recent Barron’s article titled “What Retirees Should Know Before Buying a Vacation Home,” a […]
Retirement withdrawals should be taken strategically. You have been planning for retirement for awhile. Likely you have an IRA, 401(k), 403(b), profit sharing or some combination of tax-deferred retirement plans (i.e., where contributions to the plan are pre-tax and the increase on those funds is deferred until withdrawal). You even worked a few extra years […]
Long-term care costs require more than Medicare to pay for them. Americans are living longer. That is good news. Hopefully, you are one of them. If you are, chances are you will require long-term care at some point. Frequently cited numbers suggest about a 70% chance of needing some form of long-term care at some […]
Nearing retirement requires different savings strategies. You are nearing retirement. Perhaps you started saving early in your career. Maybe you waited to begin saving. Either way, making wise choices right now before you retire is important. According to a recent Investopedia article titled “Top Retirement Savings Tips for 55-to-64-Year-Olds,” there are several ways you can […]
Retirement is around the corner. If you are a baby boomer, you are likely in or nearing retirement. In fact, you may be retiring this year. And, you are in good company. Did you know that 10,000 baby boomers turn age 65 ... every day? Yikes! There is a lot to look forward to in […]
Reverse mortgages can be complicated. As as senior, you needed money. You did not qualify for a home equity line of credit or a reverse mortgage. You turned to a reverse mortgage to satisfy this need. According to a recent nj.com article titled “Can we undo a reverse mortgage to keep the home?,” many people […]
Target-Date Funds can help you prepare for retirement. You know you need a significant nest egg for retirement. In fact, you have started saving. You are even using target-date funds. They seem simple enough. You pick the earliest date you estimate for retirement and let the fund do the work. You are set. According to […]
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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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