Severing ties with your former employer when you’re laid off is a far more complex process than most people realize, especially if you’re enrolled in the company’s various benefit programs.
A good estate plan should provide for all of your dependents, including your pets. Gina M. Barry, Esq. of Bacon Wilson, P.C., is an attorney who specializes in estate planning for pets. She graciously agreed to explain to TH readers what they should know about the law regarding this area.
After the kids have left the nest, you may find that your current home is far too big for your needs. However, if you’re like most mature homeowners, you may not be comfortable taking on a mortgage during retirement.
When the subject of saving for retirement comes up, it brings a little smirk to many people’s lips. After all, with the economy in a nose dive, and the pundits scratching their heads, trying to figure when this mess will go away, why would anybody worry about finding money to stash away?
It’s no news flash that the way in which Americans are approaching the concept of “retirement” is changing. One of the major differences from previous generations is the fading of certain revenue streams on which retirees could rely.
There are kids and there are assets; the goal is to get the two of them together with the least amount of interference from Probate Court. If protecting your assets while still maintaining control is a goal, then talk to a financial adviser about the possibility of setting up a revocable trust.
Two weeks after retiring, my friend was calling me everyday, asking for suggestions of things to do. “How on earth do you fill a day up?” she asked me. After a month of retirement, she finally told me that she didn’t think it was working out for her, and she wanted to go back to her job.
Even if you are nowhere near the age of retirement, now is the time to start thinking about the possibilities you have ahead of you. After all, the path our lives take is not nearly as cut-and-dried as it used to be.
With all of the media attention surrounding how much money 401(k)s are currently losing, retirement planning has become a real topic of interest. Many individuals that were about to retire are considering working a little longer to see if they can recoup some of their loses.
The fluctuations on Wall Street have hit Americans in the face with a bucket of cold reality, causing them to realize that you need to make some practical decisions before you retire, because you may not have as much of a nest egg as you originally planned.