Solo retirement requires financial planning. Most people will be single in retirement at one point. Why? Some people live their entire lives single. As married couples age, one spouse typically outlives the other. "Gray divorce" is also growing in prevalence. According to a recent Go Banking Rates article titled "Why Every Woman Needs To Plan […]
Making IRA mistakes can be costly. Saving for retirement seems as if it should be pretty straightforward. Many people believe the only thing they need to do is set aside part of their paycheck every month into an IRA. Although you cannot save for retirement without setting aside money, this is only part of successful […]
Retirees often bring debt into retirement. Nobody likes being in debt. Even so, it is hard not to take on debt at some point in adulthood. People often need to take out loans to purchase a house, start a business, or attend college. According to a recent Money Talks News article titled “This Is the […]
The SECURE 2.0 Act was passed in 2022. Preparing for retirement includes financial planning. People need to save money to help pay for goods and services when they no longer receive a income from their employment. Although most employers no longer provide pensions for their employees, most businesses offer some type of retirement benefit. According […]
A new widow may require help from experts. Losing a spouse is never easy. It is heartbreaking to no longer have your best friend and partner. This is true whether you have been married months or decades. The death of a spouse means loss of present and future love and companionship. According to a recent […]
Bringing debt into retirement can lead to financial strain. Most people do not enjoy being in debt. It does not feel good to owe money to anyone or any institution. Even so, many people take on some debt during their lifetimes. According to a recent Money Talks News article titled “Sadly, This Is by Far […]
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, […]
New parents should prioritize getting life insurance. Parenthood changes life significantly. Rather than two adults being responsible for themselves and each other, they must now rear and protect a child. While motherhood and fatherhood expand joy and love, they also bring attending concerns and fears. According to a recent Bankrate article titled “Life insurance for […]
Retirees may be hit hard by inflation. The state of the economy impacts people in all life stages. While retirees may not be affected by aspects like the job market, they certainly feel the effects of inflation on cost of living. Because inflation involves the diminishing purchasing power behind the dollar, it can be challenging […]
Managing finances for a blended family requires clear and open communication. Newly married couples often face some hiccups as they merge into a family unit. This merging can be even more stressful and complicated when the new marriage creates a blended family. Children from previous relationships and the financial habits formed from time as a […]
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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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