Medical and technological advancements are allowing 51 million seniors 65 and older to live longer and better lives than ever before. The expanding needs of the US aging population are contributing to an increase in federal government senior assistance programs’…
New troubling data regarding middle-income baby boomer retirement care preparedness is revealed by The Blackstone Group, an independent research firm, on behalf of Bankers Life Center for a Secure Retirement. According to the survey above, the bleak financial reality of…
The phrase is Latin and it is “per stirpes,” often mistaken for “per stripes”, like a zebra. Some bits of property law are extremely ancient in origin and this is one of them. Most people want their property to…
There are specific and quite different benefits for both wills and trusts when planning your estate. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information in…
It might be hard to imagine that the little child who once needed you for everything becomes an adult overnight when they turn 18. Now your child is free to vote, marry, apply for a credit card, make medical and…
Because of Coronavirus, Americans have been made to think about mortality and how to make sure our loved ones are taken care of especially if we die unexpectedly. Life insurance can be an affordable way to provide for our children,…
Anyone can become either temporarily or permanently disabled. Some projections are estimating that Americans in their 20s today have an approximate 30 percent chance of experiencing a disability profound enough to cause them to miss three or more months of…
Many parents are uncomfortable talking to their kids about their wealth. Talking about how much money or property you have is usually viewed as taboo. Asking someone else about what they have is often considered impolite. But failing to talk…
Having a retirement plan is important due to its ability to help secure a stable income in your senior years. Unfortunately, nearly half of Americans aged 55 and older have no retirement savings in an individual retirement account (IRA) or…
In the United States, there are two Social Security trust funds which are known as the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund. In their 2019 annual report to Congress, the Board of…