Kansas and Missouri Estate Planning Blog

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 Several rules govern how these are taxed and what needs to be withdrawn during retirement.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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Long-term care

How Can I Pay High Long-Term Care Costs?

POSTED ON: September 9, 2022 BY: Kyle Krull
The cost of long-term care is not going down. People are not all powerful. They cannot stop the steady march of time. Even making healthy decisions does not stop the aging process. As people get older, they require more assistance as their bodies begin to fail. According to a recent The Indiana Lawyer article titled […]
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Scammers

How Far Will Scammers Go for Their Con?

POSTED ON: September 2, 2022 BY: Kyle Krull
Scammers continue to find new ways to take advantage of other people. Some people have no problem hurting others for their own gain. Rather than work a job to bring value to those around them, they choose to steal from what others have earned and saved. This leaves a wake of financial and emotional devastation. […]
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Processed foods

Do Processed Foods Lead to Dementia?

POSTED ON: August 29, 2022 BY: Kyle Krull
Processed foods and dementia may have a connection. The foods people consume are used by the body to fuel the body and regenerate cells. Consuming foods with poor nutritional value can leave the body without the building blocks it needs to repair and grow. This is true for bones, muscles, organs, nerves, and connective tissue. […]
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Nuts

Are Nuts a Good or Bad Snack?

POSTED ON: August 24, 2022 BY: Kyle Krull
Nuts have many health benefits. Healthy snacking can feel really challenging. This is especially true when you are on the road, at work, or out running errands. It often feels easy to simply grab prepackaged and highly processed items like chips or crackers. According to a recent Livestrong article titled “The One Snack a Dietitian […]
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