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Linda Solash-Reed
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“If you are looking to pull cash from your 401(k) plan or traditional IRA without getting hit with a penalty, the IRS will allow you to do it.” Continue reading
Posted 16 hours ago at Orlando Estate & Elder Law
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“Everyone wants to retire with ample savings in their bank account. Plan your retirement, by avoiding these eight common IRA mistakes.” Continue reading
Posted yesterday at Orlando Estate & Elder Law
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“Many of us have experienced the unexpected "telephone call" from a hospital or loved one that a sudden negative medical event has occurred, involving a member of your family.” Continue reading
Posted 2 days ago at Orlando Estate & Elder Law
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“Though retirement can be a fulfilling time in people's lives, it can also be a stressful one. This especially holds true, if you fall victim to the following mistakes, so be sure to avoid them at all costs.” Continue reading
Posted 3 days ago at Orlando Estate & Elder Law
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“Although we typically associate the term “estate” with the ultra-wealthy, estate planning is not just for the rich. Everyone, regardless of family dynamics or financial status, can benefit from having an estate plan—a collection of documents that specify how you want your assets distributed.” Continue reading
Posted 6 days ago at Orlando Estate & Elder Law
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“A 401(k) plan ensures that you have money to spend during your retirement years. However, there are reasons why a 401(k) stinks.” Continue reading
Posted 7 days ago at Orlando Estate & Elder Law
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“As our lives become more and more connected online, we increasingly need to also consider what to do with the digital estate, the online accounts of our dearly departed, many of which hold photos and personal memories, as well as sensitive financial information.” Continue reading
Posted Oct 11, 2018 at Orlando Estate & Elder Law
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“If you're part of a married couple, it's highly likely that one of you will become a widow or widower at some point.” Continue reading
Posted Oct 10, 2018 at Orlando Estate & Elder Law
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“Workers aren’t the only ones who need to double-check that they’re withholding sufficient taxes. The IRS is warning retirees to ensure they're paying enough federal income tax.” Continue reading
Posted Oct 9, 2018 at Orlando Estate & Elder Law
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“However, as with most things, a will’s value is relative; it largely depends on your unique circumstances.” “Intestate” is the term used to describe the estate of someone who dies without a will. Each state has laws called “intestacy laws” that govern how probate assets are distributed, if someone dies... Continue reading
Posted Oct 7, 2018 at Orlando Estate & Elder Law
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“Most gun owners are cognizant of the strict regulations concerning ownership of a firearm. However, their family members and heirs are often unaware of the laws governing the disposition of a firearm, when the gun owner dies.” The NY Secure Ammunition and Firearms Enforcement (SAFE) Act, enacted in response to... Continue reading
Posted Oct 6, 2018 at Orlando Estate & Elder Law
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“Retirees living abroad have to take special care with their tax returns. If you forget to check it off this box on Schedule B when you live overseas, it could mean big trouble with the IRS.” It’s something you don’t hear discussed often, but there are people who like to... Continue reading
Posted Oct 5, 2018 at Orlando Estate & Elder Law
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“Your 50s are a time of transition. Many workers reach their peak earning years in their 50s, having found their ideal career niche.” The 50s are the time of life when your kids are starting to become more independent and may have already moved out. If that’s true, you may... Continue reading
Posted Oct 4, 2018 at Orlando Estate & Elder Law
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“Advance directives come up frequently in conversations about health care decision-making, as people age. Their purpose is to provide written instructions for medical care, in instances where a patient is unable to communicate them herself. An advance directive is a legal document that states a person’s preferences for medical treatment... Continue reading
Posted Oct 3, 2018 at Orlando Estate & Elder Law
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“The problem is that my parents want to designate me as their power of attorney, for both health care and financial decisions, since I live in their community. Unfortunately, my siblings feel slighted.” The reader who posed this scenario is not alone in facing siblings who live far away but... Continue reading
Posted Oct 2, 2018 at Orlando Estate & Elder Law
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“There is no doubt that, for the most part, parents are much more involved with their children and their children’s more numerous activities, than parents were when I was growing up.” If this describes you and your kids, then you need to prepare yourself for the adjustments that happen when... Continue reading
Posted Oct 1, 2018 at Orlando Estate & Elder Law
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“Many homeowners plan to stay in their homes over the long-term, and some may plan to live independently at home, rather than moving into a retirement community, if possible.” Aging in place is what most people hope for as they enter their 60s and 70s. However, to make it a... Continue reading
Posted Sep 30, 2018 at Orlando Estate & Elder Law
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“Most Americans enter retirement age with access to Social Security benefits. Many people also have Individual Retirement Accounts, including those that were funded by transferring money from workplace 401(k) plans.” One trick to a successful retirement is to make your Social Security benefits coordinate optimally with your Individual Retirement Accounts... Continue reading
Posted Sep 29, 2018 at Orlando Estate & Elder Law
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“There is a lot to think about, when business owners begin estate planning.” As business owners start thinking about the most valuable asset that they own, they need to make some major decisions about their estate plan: do they want to pass the company to the next generation or sell... Continue reading
Posted Sep 28, 2018 at Orlando Estate & Elder Law
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“There is a longstanding 4% rule of thumb that was developed in the mid-1990s, outlining how much a person could safely withdraw from retirement savings each year and still have a nest egg to last a lifetime (aka 30 years).” Scratch that rule advisors are now saying, because there are... Continue reading
Posted Sep 16, 2018 at Orlando Estate & Elder Law
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“Choosing an assisted living facility can be frightening prospect for anyone. However, the fear can be greater for people with no kids to help them through the process.” When you don’t have kids or close family members, making decisions about an assisted living facility can be lonely and daunting, often... Continue reading
Posted Sep 15, 2018 at Orlando Estate & Elder Law
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“A Jamaica man was charged with tricking his 101-year-old neighbor into handing over the deed to his house last week. A trio of Maspeth thieves pleaded guilty to posing as grandchildren and even recruiting kids to rob senior citizens’ homes in July. In Flushing, a man allegedly begged an elderly... Continue reading
Posted Sep 14, 2018 at Orlando Estate & Elder Law
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“Four types of expenses can wreak havoc with your retirement.” Retirement is a balance between enjoying your golden years, taking good care of your health and balancing your finances, so you don’t run out of income too early. However, as reported by MD Magazine in the recent article “Four Big... Continue reading
Posted Sep 13, 2018 at Orlando Estate & Elder Law
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“Death isn’t what it used to be. Write a will, put stock certificates and the deed to your home and a few other pieces of paper in a safe deposit box and you were set for life for the hereafter.” Estate planning must now include intangible assets that didn’t exist... Continue reading
Posted Sep 12, 2018 at Orlando Estate & Elder Law
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“It’s a tough situation for people in financial services. However, these circumstances can pull the curtain back on elder financial abuse. That’s because banks and other financial institutions can sometimes spot potential problems early.” A man who makes loans in a company that is not quite a bank and not... Continue reading
Posted Sep 11, 2018 at Orlando Estate & Elder Law