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Why We Don’t Plan For The Inevitable

Why do we put off taking action that is important to our financial health? Last week we explored some of the financial “emergencies” that can be avoided with planning or prevention. It’s easy to understand why planning is so important. It’s less easy...

Avoid “Emergency Room” Financial Planning

“An ounce of prevention is worth a pound of cure.” Most of us are familiar with this tidbit of immense wisdom. That doesn’t necessarily mean we follow it when it comes to either our physical or our financial health. According to a Modern Healthcare...

Why Paying Executor Is Fair To Estate And Heirs

Does the executor of an estate deserve to be compensated for that service? Absolutely. As last week’s column pointed out, serving as an executor is often a time-consuming, emotionally draining task. Yet the issue of payment for an executor, especially one who is...

The Dubious Honor Of Serving As Executor

I recently heard from a former client who wanted to reengage our services. Naturally, I asked her why. “I was named the executor of my father’s estate last year, and I now have a huge appreciation for what you do.” Whether one is named as the executor or...

Financial Planning After Retirement

After you retire, do you still need financial planning? And can you afford it? The answer to the first question is clearly “yes.” The answer to the second is “It depends.” At times it’s true that a financial planner becomes unaffordable in...

SECURE Act Passes; Review IRA Estate Planning

Watch this video on YouTube The Grinch who stole Christmas is alive and well this year—in the US Congress. Our Representatives and Senators passed a bill that negatively affects the middle and working class by changing the rules of passing on an IRA. Now adult...