Category Archives: Retirement Planning

You Have a Plan in Mind, but Do You Have a Plan in Place?

I was speaking with someone from the Planned Giving Department of the Salvation Army today.  She was relaying the story of a woman who wanted to leave a donation to the Salvation Army in her Will.  She had an old Will that left her money to some nieces and nephews, she also had several bank [...]

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Organizing Your Financial Life – Month by Month

January is a great time to get organized and make plans for the year.  Attorney Joel Schoenmeyer, who writes the Death and Taxes Blog in Chicago, has a recent post called Organize Your Financial Life in 2007.  He lays out, month by month which tasks you should tackle such as making an appointment with a [...]

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New Year’s Resolutions

People make New Year’s Resolutions about a lot of things – getting in shape, stopping smoking, getting organized, drawing up their Will and other planning documents.  And just as your personal trainer can give you information about the best way to get in shape and guide you on your way, your doctor can offer assistance [...]

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Managing Your Parent’s Finances

If you find yourself in the position of having to take over the management of your parent’s finances, this recent article by Bankrate is a good place to start.  It lists the 8 steps you should take:
1. Find All of Your Parent’s Financial Accounts and Documents2. Collect and Start Paying Bills3. Locate Power of Attorney [...]

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Assisted Living and Continuing Care Retirement Communities – What’s the Difference?

Seniors, and their families, who are researching housing options may see different terms describing the residences. Assisted Living Residences and Continuing Care Retirement Communities are two of these options. What do these terms mean, and how do you know which is right for you?
Assisted Living ResidencesAssisted Living Residences (ALRs) provide a combination of rental [...]

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Naming Beneficiaries on Retirement Accounts

I was talking with my financial planner the other day, and he remarked that he often sees people who have taken the time to put a financial plan together, but then fail to name beneficiaries on their accounts. The beneficiary is the person to whom the account will be paid upon the death of the [...]

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