Top Ten Trusts – 7 thru 10

Please note: I AM NOT AN ATTORNEY. DO NOT RELY ON ME FOR LEGAL ADVICE! This is the last installment of Top Ten Trusts. And a reminder there are dozens more than ten but these are the ones I've talked about with attorneys who have advised my clients over the years. Some of these trusts …

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One-Third of Adults Age 50 and Over, Aren’t Prepared For Retirement

That headline should cause Generation Xers and Millennials to pause and consider. It comes from a poll by the Associated Press - NORC Center for Public Affairs Research. And yes, before you read any further, this post is a commercial directed at GenXers and/or Millennials among my readers. (Maybe you could forward this to someone …

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Annuities and Retirement

It’s entirely possible Congress will do it’s thing and pass new legislation now known as the SECURE Act. The name comes from Setting Every Community Up for Retirement Enhancement. I wrote about it earlier in July. A key provision of this pending legislation is that it will allow more businesses to offer 401(k) plans that …

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Spending Money in Retirement

Some of you will have heard me talk about the three phases of retirement. What I call the GO-GO Years, the SLO-GO Years, and finally, if you make it that far, the No-GO Years. There are going to be valid reasons to want to spend more money right after you retire. At the same time, …

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Why Own A Life Insurance Policy?

When I started my professional life in financial services, the world was a very different place. My first license gave me permission to talk about and get paid for selling life insurance policies. Here I am today, in my later years, almost fully retired, and only yesterday I received a call from an old friend, …

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A Short Retirement Checklist

Some of us are organized and some of us are not and the rest of us are 'sorta/kinda' organized. I’m in the 'sorta/kinda' organized group. I am, however, heavily invested these days in teaching others a process to follow when thinking about their future retirement. I’ve created an internet school called Successful Retirement Secrets™ where …

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The Coming Pension Crisis Is So Big That It’s A Problem For Everyone

If I believed it was so, I’d be writing that there’s no retirement problem looming over us. But there is a problem, and you and I alone cannot fix it. I’m not sure it’s fixable. All we can do is be aware of it and at a personal level, figure out ways to survive it. …

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