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Search resuls for: "Deborah Nason"


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This may include health care, health insurance, rent, home prices, home insurance (especially in a place like Florida), property taxes, transportation costs, etc. Income taxes: It can really impact long-term retirement projections when you move from a state without income taxes to one with state levies on earnings. It can really impact long-term retirement projections when you move from a state without income taxes to one with state levies on earnings. Estate taxes: Many states have much lower estate-tax exemptions than the federal government, which could result in a state estate tax applying to heirs. "Both private health insurance for younger retirees and Medicare Advantage plans have specific service areas," he said.
Halfpoint Images | Moment | Getty ImagesSome 70% of people want to age at home, yet only 10% have long-term care insurance, a recent HCG Secure/Arctos Foundation study found. Furthermore, about half of respondents had no idea how much in-home care would cost. "Basically, I try to segment the risk into a short-term need and a long-term need, and to fund them separately," he said. "And most of them can't afford long-term care insurance." Digging into any corporate retiree benefits beyond just a pension, as there's often additional services for in-home care, he said.
Vitapix | E+ | Getty ImagesWhile couples might sign a prenuptial agreement before they're married and a "post-nup" after, it's more than just the timing that differentiates these arrangements, experts say. "It's a whole different ballgame once you're married," said Martin Shenkman, estate attorney with Shenkman Law in New York City. When a post-nup might be called forWhat situations might prompt a couple to prepare a postnuptial agreement? For example, married couples may need to adjust a pre-nup they'd signed, according to attorney and certified financial planner Keith Singer, president of Singer Wealth in Boca Raton, Florida. According to the Centers for Disease Control and Prevention, over 10 years as many as 43% of first marriages can fail.
Retirement-focused financial advisors can help with both the financial and non-financial preparations to do so. "I saw my clients struggling [with this issue] and I wanted to help them think about the process of aging." Sandy Adams partner with the Center for Financial PlanningWhen should people start this kind of planning? "None of us knows when that event might happen that will cause us to suddenly need help." Black, CFP and partner at Bridgeworth Financial Management in Birmingham, Alabama.
Burton | The Image Bank | Getty ImagesWhat happens if a loved one dies without a will? Millions of us are bound to find out, as two-thirds of American adults have no will, according to a recent Caring.com study. "But while the court distributes the property, it is ultimately up to the survivors to claim their rights to it," he said. For an intestate situation, the probate court appoints an executor for the estate who will follow a process according to the laws of the state where the deceased lived. "Generally speaking, this process, as a first step, involves identifying the kinship, aka bloodline, of the deceased," Ponnapalli said.
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