Generous Ideals from Millennials May Change With Time and Experience
For now, a report on affluent millennials reveals them to be extremely idealistic, willing to put their retirement savings on a back burner in order to give their kids every advantage. The affluent millennial may have a different take than their less successful peers. However, an online survey of 1,000 affluent investors, with assets of…
Read MoreGiving the Family Farm to Grandchildren Instead of Children
There are often bumps along the way, when it’s time to plan for the future of a family farm. Farms are usually passed along to the next generation, but there are instances when parents want to give the farm to grandchildren. A history of farming for five generations is a wonderful and increasingly rare thing.…
Read MorePushing Back Your Retirement Date Can Reap Big Rewards
Continuing to work a few more years past 62, can have a big impact on your retirement finances. This is especially true for federal employees, who can gain as much as $10,000 per year by working to age 66. Because it’s the earliest age you can start taking Social Security, many people think of age…
Read MoreSmall Sentimental Items Often at the Heart of Estate Battles
Take a walk around your home with your kids, and talk about the possessions that hold meaning to them. Planning ahead for how their favorite items are distributed may prevent family squabbles during a difficult time, when emotions run high. You might think that disputes over million dollar bank accounts would be at the source…
Read MoreCan You Keep a Family Together after You’re Gone?
Rocker Bennington’s will includes his wish that his children maintain a sense of family, but bickering between mothers has undermined even the best of intentions. With six children from three different relationships, Linkin Park’s frontman Chester Benning wanted his kids to grow up knowing each other. That includes Jaime, 21 and Isaiah, 19, with Elka…
Read MoreNot Sure How to Handle a Large Inheritance?
The responsibility of a large inheritance is one that many people take very seriously. Sometimes, this can be a stressful situation, even though that sounds unlikely. Maybe you buy the occasional lottery ticket or hope for a windfall from a distant relative. But when a large inheritance arrives, it is often accompanied by major responsibilities.…
Read MoreWill You Live Forever? It’s A Common Estate Planning Mistake
We’re all mortal, but it’s a hard concept for many to imagine. That’s why many people put off estate planning. Do you really want to put your loved ones through the stress and costs of untangling your estate? It’s often the experience of a friend or family member who is left to clean up the…
Read MoreAsking the Wrong Question About When to Retire
Deciding when you should retire should be guided by a number of factors, including when you can afford to retire and if you have a plan of what to do with the rest of your life. In an ideal world, retirement income should be the driving force behind your decision when to retire, according to…
Read MoreWhy Everyone Needs to Have Estate Planning
Estate planning covers far more than a will to distribute your assets on death. It also creates a plan for how you use assets while you are alive, how to protect your loved ones from unexpected events and conveying your wishes, if you become incapacitated. Without an estate plan in place, would your spouse and…
Read MoreAvoid These Four Retirement Snafus
Miss these four factors and even the best retirement plan will fall apart fast. Spare yourself and your loved ones the high costs and stress that take many people by surprise. If you don’t plan for these big four elements of retirement costs, all of your hard work in planning for retirement—not to mention a…
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