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 […]
It is easy to make mistakes with IRA investments. There are often tradeoffs when comparing costs versus benefits. With IKEA furniture, you trade the time and frustration of assembly for the convenience of easily packing the entire piece of furniture into a vehicle. Consequently, it is not uncommon for mistakes to be made along the […]
Retirees should not be frivolous in retirement spending. People like to reward themselves. On a small scale, this may involve a small sugary treat at the end of a long work week. On a larger scale, it may involve big-ticket items like a brand-new sports car or a luxury vacation. According to a recent msn.com […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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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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