If I file bankruptcy, will they take away my life savings? In other words, do I get to keep my retirement money? Retirement plans such as your 401k and IRA’s are protected in bankruptcy no matter what chapter of bankruptcy you file, pensions are too. Your pension plan is [...]
Do you have an estate plan? You know… a Will, a Trust, Patient Advocate and Durable Power of Attorney? The biggest question is, “Is your house in order?” By that, I mean two things – if you die, have your taken the steps to protect your family? Secondly, if [...]
This is a loaded question. The answer is, "However long you have waited, you have waited the longest time you can!"I will state the obvious to anyone who is 55+ years and wishes they would have begun planning for retirement much earlier. With that knowledge, the answer is simple, “You [...]
I like this title --- it prompts you to fill in rest of the clause. There are innumerable “fill ins” and I will leave you to think about them. Instead, I will share the one that prompted this Blast. Over the last six weeks, I contracted one of those [...]
Oh, come on. Redoing my estate plan sounds about as exciting as purchasing tires! Well – it just happens that tires are a perfect analogy. No one wants to buy tires – it is a necessity that occurs when the tread reaches a dangerous level – leaving your tires [...]
Pause for a second and ask, “What does that mean – Can I afford to settle my credit card debt?” Of course, you know it’s a mistake to carry credit card debt and pay usurious rate interest to the credit card companies. If you have $50,000 of credit card [...]
Of course, there is no better time to talk fireworks like the week of July 4th. I can think of two situations where the fun and glory of the fireworks is something we’d prefer to avoid. The first is keeping “Man’s best friend”, the dog, happy! The solution here [...]
How about a simple, no frills (sorry, no fancy dinner at Flemings) goal for retirement? Here is mine: Own your home free and clear; Have $-0- debt; and Have some $$$ in Savings/Retirement. Do this – and when you’re no longer able or willing to work, assuming you have [...]
