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 […]
Understanding required minimum distributions can help you avoid expensive mistakes with your retirement funds. There is a lot to think about in retirement. When you no longer work and have a paycheck, the money in the nest egg is your money. How you manage this money is important. No, it is essential. According to a […]
Trusts have limitations regarding IRAs. You have an Individual Retirement Account (IRA). You also have a trust. You are in the process of "funding" your trust. As you review your assets, you wonder what should be placed in the trust. According to a recent Investopedia article titled “How Can I Put My IRA In a […]
Retirement can be expensive. Life can throw you a lot of financial curveballs, yes? These can be difficult, even when you have a steady income. After you retire, these surprise expenses can be more daunting. According to a recent The Wall Street Journal article titled “The Expenses People Often Forget When They Plan for Retirement,” […]
Long-term care is more costly in certain states. The majority of Americans will require long-term care at some point in their lives. In fact, once you reach age 65 the chances of needing long-term care at some point is 70 percent! It is important to plan for this costly expense. You cannot plan properly without […]
Social security benefits should influence where you retire. You are nearing retirement. Where should you live? You have always loved other cultures. It is tempting to move abroad when you are no longer working, yes? According to a recent Investopedia article title “Receiving Social Security Benefits Abroad,” you should not move abroad on a whim. […]
A 401(k) is a helpful retirement planning tool. Does your employer provide a 401(k) for retirement planning? If yes, you are quite fortunate. Used correctly, a 401(k) can help set you up for a successful retirement. According to a recent tucson.com article titled “More common 401(k) mistakes—and their consequences,” not everyone manages these tools wisely. […]
Family farms have been passed through generations. The Midwest is filled with farms. Cattle roam to and fro. Crops like wheat, soy, and corn rotate through the years. The land is beautiful. You care for the family farm like the generations before you have done. According to a recent High Plains Journal article titled “Don’t […]
Tax law will see changes in 2020. Taxes are a unavoidable part of life for Americans. You are paid for your services. You must then pay the government for theirs. Although there have been taxes since the founding of our country, these do not remain the same each year. According to a recent CNBC article […]
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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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