Eight Factors to Consider When Choosing a Guardian for Your Children
Who should raise your children if for some reason you or your spouse is unable to do so? It's not an easy question to answer, but if you have young children, it is a topic you most certainly should address...
Did You Know That Americans Did Not Always Pay a Personal Income Tax?
As we enter the 2020 tax season, however unwillingly and with gritted teeth, you might be interested to know that Americans did not always pay personal income taxes. The policy of taxing personal income...
Giving to Charity Wisely
Charitable giving allows you to assist the people and organizations that have come to mean the most to you over the course of your life. It represents a thoughtful expression of your values and can ensure...
The Roth IRA Versus the Traditional IRA: Which One Is Right for You?
Deciding whether to choose a Roth IRA or a Traditional IRA is an important decision and can have major financial consequences. Both options, however, are excellent ways to save for retirement. Let's look...
Have You Reviewed Your Beneficiary Designations Lately?
Maybe it's an insurance policy you took out years ago. Or the retirement plan you set up with your employer the day you started working for the company. Or the IRA you have been scrupulously contributing...
Selling Your Business to the Highest Bidder Is Not Necessarily the Best Option
If you own a business and have not put a succession plan in place, you might be thinking that the best choice, when the time comes to retire, is to simply sell your business outright to the highest bidder....
Choosing a Trustee for Your Special Needs Trust
Choosing the right trustee for any trust is a difficult and extremely important decision. In the case of choosing the right trustee for the trust you have created to protect your loved one with special...
Why You Need Advance Directives
Advance directives give a person of your choosing the authority to make decisions on your behalf about the type of care you want in the event of incapacity or an end of life situation. Your directives...
Five Factors to Consider When Purchasing Long-Term Care Insurance
The United States Department of Health and Human Services estimates that approximately 70 percent of Americans over the age of 65 will need some type of long-term care. Contrary to what many people believe,...
Think Twice Before Deciding to Serve as Trustee
If you have been asked to serve as a trustee, chances are you were initially flattered by the request. After all, it is quite an honor—a parent or other loved one thinks highly enough of you to entrust...