An invaluable part of any estate plan can be the strategic and systematic use of the annual gift tax exclusion. By properly planning your estate distribution strategy over a number of years, you can successfully lower, or even eliminate, estate shrinkage from administration, death taxes and probate costs.
Eventually, all parents become empty-nesters, whether it’s when the kids leave for college, work, marriage, or other pursuits. Suddenly, your home is no longer the place where your children live. Though it takes some adjusting, patience and creativity, being an empty-nester can be an exciting and rejuvenating time in a person’s life.
Christmas is a time of good cheer and gift giving. Some Boomers may however be sending the wrong message to children and grandchildren. With 40% of federal government spending now being borrowed and even more being created out of thin air (printed), . . .
Change is coming at the speed of light. Watch this short video . . .
We’re seeing a lot about retirement these days, what it used to mean, what is won’t mean, how much it will cost, who will and won’t be able to afford it. But nothing has been said about what it means in today’s new reality. Until now.
In today’s article from Business Insider, author Michelle Hirsch sheds light on new statistics for unemployed Baby Boomers and the facts are dismal. Not only are older workers challenged by
Now isn’t the time for Boomers to be playing Russian Roulette with finances. Retirees depend upon interest income, along with pensions and Social Security. All three are under fire, causing some to take on riskier investments in an attempt to make up the difference between the damage caused by Fed policies pushing short and long rates down to historic lows, while encouraging inflation in food and other basic necessities, thereby constantly nibbling away at inflation adjusted incomes.
Far too many financial advisors and gurus believe today’s low interest rates are virtually guaranteed for some time as this is the Fed’s announced policy. I’ve learned over time that markets actually rule.
Set regular money meetings and then set the mood. Situations change over time and there are many topics to discuss in the area of money so it’s a good idea to get together regularly, for example, quarterly. Pick a day and time when you won’t be interrupted, and when you’re not tired or stressed. Get a sitter for the kids and turn off the phones. Have an agenda for the time allotted, and . . .