Nearing retirement requires different savings strategies. You are nearing retirement. Perhaps you started saving early in your career. Maybe you waited to begin saving. Either way, making wise choices right now before you retire is important. According to a recent Investopedia article titled “Top Retirement Savings Tips for 55-to-64-Year-Olds,” there are several ways you can […]
Reverse mortgages can be complicated. As as senior, you needed money. You did not qualify for a home equity line of credit or a reverse mortgage. You turned to a reverse mortgage to satisfy this need. According to a recent nj.com article titled “Can we undo a reverse mortgage to keep the home?,” many people […]
Understanding required minimum distributions can help you avoid expensive mistakes with your retirement funds. There is a lot to think about in retirement. When you no longer work and have a paycheck, the money in the nest egg is your money. How you manage this money is important. No, it is essential. According to a […]
Retirement can be expensive. Life can throw you a lot of financial curveballs, yes? These can be difficult, even when you have a steady income. After you retire, these surprise expenses can be more daunting. According to a recent The Wall Street Journal article titled “The Expenses People Often Forget When They Plan for Retirement,” […]
Long-term care is more costly in certain states. The majority of Americans will require long-term care at some point in their lives. In fact, once you reach age 65 the chances of needing long-term care at some point is 70 percent! It is important to plan for this costly expense. You cannot plan properly without […]
Social security benefits should influence where you retire. You are nearing retirement. Where should you live? You have always loved other cultures. It is tempting to move abroad when you are no longer working, yes? According to a recent Investopedia article title “Receiving Social Security Benefits Abroad,” you should not move abroad on a whim. […]
Remarriage requires careful planning. The holidays are a popular time for engagements. Wedding plans may now in the works for you. Congratulations! All marriages take careful planning and involve important discussions about finances and futures. According to a recent U.S. News & World Report article titled “6 Financial Considerations for Remarriage,” these discussions are even […]
Stock market crashes can impact retirees. Depending on your age, you have likely lived through one or more of the big stock market crashes. Most people remember the 2008 crash. Although this was a significant blow to many, the 1987 crash was actually the worst one in America stock market history. According to a recent […]
Life insurance is not all the same. You have heard you need it, right? If you are single, it is helpful to acquire enough to bury you and pay off your debts. If you are married or have children, you will need more. Why? Your children and surviving spouse could lose not only a parent […]
Saving for retirement requires intentional planning. Different stages of life have different demands and concerns. Whether you are young or seasoned, retirement should be prioritized. With so many demands on finances, this is not always easy to do. According to a recent Skimm article titled “9 Retirement Questions from Skimm’rs, Answered,” the best planning starts […]
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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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