Social Security needs may look different for men and women. Women and men are alike in many ways. They are also distinctly different. These differences do not make one better than the other. They may, however, demand specific planning. This is especially true when it comes to retirement planning. According to a Money Talk News […]
Gifting can get you in trouble without proper planning. The week of Thanksgiving marked the start of the holiday season. Advent services began yesterday (Sunday) at my church. Although Christmas traditions will look different, gifting will likely remain. According to a recent Kiplinger article titled “Gifting sounds pretty simple, but there are many ways to […]
One can catch up on retirement savings through intentionality with finances. You have been working for decades. In fact, you are now closer to retirement than the day you began your career. Unfortunately, you did not start saving enough or early enough for retirement. This leaves you with quite a bit of ground to cover […]
A Roth IRA can help you achieve greater financial security in retirement. After you enter retirement, your daily living expenses do not suddenly disappear. You still have bills to pay and groceries to purchase. Many people also have mortgages and other debts to pay off. When you add up these figures and the typical increase […]
Taxing life insurance benefits is dependent on several factors. You have people who depend on your income. Perhaps this is your spouse only. Maybe you also have children. Life insurance can be useful in providing financial protection for your loved ones if you were to die. According to a recent MoneyWise article titled “Are Life […]
Social Security will look slightly different in 2021. When you think of retirement, you likely also think of Social Security. Social Security benefits provide monthly income in retirement for those who qualify to receive based on their work history. Although you should personally save and invest part of your income for retirement in a Roth […]
Your life insurance policy could help you through financial hardship. The economy has been hit hard by the COVID-19 pandemic. Many people have lost their jobs or had their hours reduced. Perhaps you or your spouse are among them. You anxiously review your bank account and your bills. You wonder how you will make ends […]
Making mistakes is normal for new parents. You or your spouse are pregnant. This has been confirmed by the doctor. You are both excited and nervous. This is your first child and you feel clueless about what to do. According to a recent The Street article titled “Biggest Money Mistakes New Parents Make,” this uncertainty leads […]
It is easy to make Social Security mistakes. Planning financially for retirement can feel overwhelming. You have been saving for years, but you know every little bit helps. Although Social Security will be insufficient to cover all of your expenses, it can supplement your savings. According to a recent Fox News article titled “These mistakes […]
Individuals with disabilities may be able to qualify for Medicaid and have their own savings. Do you (or a loved one) have a disability? If yes, then you understand the value of assistance from means-tested government programs. Qualifying for and remaining eligible for these programs can be tricky. This is especially true if you or […]
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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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