Kansas and Missouri Estate Planning Blog

Life stage

Does Life Stage Impact Estate Planning?

POSTED ON: November 11, 2022 BY: Kyle Krull
Estate planning needs vary according to age and life stage. People change throughout their lives. Perhaps you have noticed this. Not only do we grow physically from infancy to adulthood, but new goals and priorities also develop. These influence choices within various areas over our lifespans. According to a recent The Seattle Times article titled […]
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Eye Color

Can Eye Color Predict Medical Issues?

POSTED ON: October 25, 2022 BY: Kyle Krull
Eye color can be an indicator for certain health issues. In addition to being the "windows to the soul," eyes are amazing organs. They allow you to see and can adjust to high and low levels of light. The colors of the iris also bring color and beauty to the face. According to a recent […]
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Climbing stairs

Can Climbing Stairs Improve my Health?

POSTED ON: October 17, 2022 BY: Kyle Krull
Climbing stairs can help prevent injury as you age. The ability to balance is vital to mobility. Mobility is key to living an independent life. Instability can lead to falls and serious injury in seniors. There is a reason why homes with master bedrooms on the ground floor sell like hot cakes to retirees. According […]
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Social Security

What are Realistic Social Security Expectations?

POSTED ON: October 10, 2022 BY: Kyle Krull
The reality of Social Security is not what many expect. Although most Americans have heard of Social Security, few have an accurate understanding of it. Expecting too much from Social Security can lead to disappointment and distress in retirement. Unfortunately, most Americans fall into this category. According to a recent Money Talks News article titled […]
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Penalties

How Large are Retirement Account Penalties?

POSTED ON: October 5, 2022 BY: Kyle Krull
Certain transactions with retirement accounts can trigger penalties. Retirement accounts like IRAs can be wonderful investment tools for your golden years. Depending on the account, they can also provide tax incentives while you are working or while you are retired. Because they are focused on helping you save for retirement and also have tax benefits, […]
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Health insurance

Can Early Retirees Get Health Insurance?

POSTED ON: September 29, 2022 BY: Kyle Krull
Health insurance can feel overwhelming whether employed or retired. Medical care is valuable at any age. As adults grow older, they tend to require more appointments with physicians. The number of tests and screens grow more prevalent as the body naturally wears down with time. According to a recent Kiplinger article titled “I Can’t Retire […]
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Social

Does My Social Life Impact My Dementia Risk?

POSTED ON: September 28, 2022 BY: Kyle Krull
Certain social habits may demonstrate a greater risk of dementia. Relationships are important. A strong family can provide security, love, encouragement, and trust. Good friends choose to spend time with you and be a part of your life in the good and bad times. In short, people of all ages need to be in relationship […]
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English

Can I Retire Abroad and Speak English?

POSTED ON: September 19, 2022 BY: Kyle Krull
It is possible to retire abroad and speak English. There was an old joke making the rounds when Gretchen and I lived in West Germany (yes, that was a while ago). "What do you call someone who speaks three languages?" Answer: "Trilingual." "What do you call someone who speaks two languages?" Answer: "Bilingual." "What do […]
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Inherited IRA

What are Inherited IRA Guidelines?

POSTED ON: September 15, 2022 BY: Kyle Krull
Inherited IRA rules can complicate estate planning. Although some jobs still have pensions, this is increasingly more uncommon. In place of pensions, most people now have "defined-contribution" through individual IRAs or employer- sponsored retirement plans (think 401(k) or profit-sharing) plans. Several rules govern how these are taxed and what needs to be withdrawn during retirement. […]
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Balance

How Does Balance Impact Senior Health?

POSTED ON: September 14, 2022 BY: Kyle Krull
How well a person can balance may be a health indicator. Falls can cause injury at any age. When younger, damage is often minor. It includes bruises, scrapes, and a little embarrassment. For seniors, losing balance can lead to broken bones and dangerous head injuries. According to a recent The New York Times article titled […]
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