This is MaKayla Hanington's Typepad Profile.
Join Typepad and start following MaKayla Hanington's activity
Join Now!
Already a member? Sign In
MaKayla Hanington
Recent Activity
Image
There are opportunities to trade options using Roth IRAs, but investors must follow many of the rules that apply to traditional IRAs. That includes restrictions on withdrawals and limitations on certain trading strategies and the types of securities that can be traded. From the time they were introduced, Roth IRAs... Continue reading
Image
Now you can direct your funeral from the great beyond, if you live in the Wolverine State. Here’s a concept that is perfect for people who like to be in charge: about two years ago, Michigan enacted a law that lets you name a funeral representative, a person who is... Continue reading
Image
Often overlooked, the beneficiary designation can help move assets directly to heirs without going through the probate process. Many accounts and financial products allow the owner or investor to designate a beneficiary, who will receive the asset directly when the owner passes away. This is something that most of us... Continue reading
Image
529 college savings plans are a great way to fund a college education and they can now also be used for other educational needs. However, they can also be part of your estate plan. Before exploring a new use for a 529 plan, let’s start with how it has been... Continue reading
Image
Maybe you made your first million in a crowdfunded start up, and now you’re working with venture capitalists on your next big idea. If marriage is on your event horizon, you may need a prenup. Not every tech-savvy entrepreneur makes millions, but many millennials are finding themselves in the right... Continue reading
Image
It’s one thing to fight with a sibling over toys when you are young. However, as adults, and more to the point, as an executor, there’s no room for tantrums or not acting in the best interests of the beneficiaries. An executor who refuses to sell an inherited home, is... Continue reading
Image
To help plan for retirement, it helps to move from asking global questions, like “Can I afford to retire?” to more specific questions, like “What’s my monthly cost of living right now?” Sometimes retirement planning is so overwhelming that people just shrug their shoulders and hope that things work out.... Continue reading
Image
To make sure that your wishes are carried out, you’ll have to do your homework. Make sure that you cover these most important documents. The last thing you want to do, is leave a bureaucratic mess for your loved ones when you die. Not only will it cause the family... Continue reading
Image
Sandberg is donating her entire stake in SurveyMonkey to charity, in the shape of shares or the proceeds of sales of those shares. The Facebook COO and SurveyMonkey board member has embraced the Giving Pledge. You don’t have to give away millions, or billions, to be philanthropic. In fact, if... Continue reading
Image
Life insurance can be useful in paying off debt, covering funeral costs and serving as a useful resource so that estate proceeds or any one person’s savings don’t have to be tapped. Life insurance may be the least sexy part of the transition from one farming generation to another, but... Continue reading
Image
It’s understood that everyone needs a will. However, many people put it off. Don’t be one of those people. Your family will remember, and it won’t be a happy memory! Celebrities aren’t the only ones who fail to plan for their passing. The difference is, their failures can become instructive... Continue reading
Image
The big picture presented by the National Institute on Retirement Security is not a good one. Working Americans are completely unprepared for retirement. The National Institute on Retirement Security is a non-profit research and educational organization that focuses on the development of public policies that help retirement security in America.... Continue reading
Image
Everyone’s needs are different. For most people, one large policy is enough. However, what if your life is not like everyone else’s? How do you know how much coverage you need? Most people never really think about adding more life insurance, once they buy a policy. They figure they have... Continue reading
Image
If you’re living on your retirement savings, while waiting to start taking Social Security benefits to full retirement age or even age 70, you might be costing yourself thousands in taxes. It’s annoying. There’s no way around it. You’ve worked your whole life, and paid taxes on those earnings. Now... Continue reading
Image
We’re not talking about what happens to your soul, or if you are headed to a peaceful place, or even what happens to your physical remains. Have you thought about what happens to the world you leave, your family and friends and your possessions, after you die? Let’s say you... Continue reading
Image
Since their founding in 2006, Anne Arundel Women Giving Together has raised and invested over $1 million to improve the lives of women, children, and families in Anne Arundel County! Anne Arundel Women Giving Together (AAWGT) is a women’s giving circle with over 200 members. AAWGT is a fund of... Continue reading
Image
Start with the basics, to make sure you’re making informed decisions. Created in July 1965 as part of the Social Security Act, Medicare is how most adults over age 65 cover their healthcare costs. Medicare has four parts. They are Part A: Hospital, Part B: Outpatient Services, Part C: Medicare... Continue reading
Image
Talk about going big–New York’s Governor Cuomo is expanding services for seniors at risk of elder abuse with an $8.4 million package, combining state and federal funding. Governor Cuomo announced that services for vulnerable adults at risk of abuse, neglect or financial exploitation will be improved through a new initiative... Continue reading
Image
Don’t assume that the new tax law means that you don’t need an estate plan. If anything, you need to review your estate plan to make sure you’re not missing out any new opportunities. When was the last time you reviewed your estate plan? If it’s been more than a... Continue reading
Image
The burden of saving for retirement shifted from employers to employees. It is now unusual for companies to offer pensions. If you’re lucky enough to have one, make your decisions wisely. It’s hard to imagine today, but years ago, it wasn’t unusual to stay with one company for a lifetime,... Continue reading
Image
After one disastrous and very public divorce, Sandra Bullock has a detailed prenup with several very specific—and protective—instructions. Sandra Bullock isn’t taking any chances this time around. Her pending marriage to photographer Bryan Randall is contingent on his signing an iron-clad prenuptial agreement. A prenuptial agreement or "prenup" is a... Continue reading
Image
Hybrid policies, aimed at affluent Americans, offer long-term-care benefits along with potential death benefits. Last year, after finishing with college tuition for their three children, Jessica Galligan Goldsmith and her husband, James, treated themselves to something she had long wanted: long-term-care insurance. It hasn’t been cheap. The couple, both lawyers... Continue reading
Image
Neglecting to plan for family dynamics can destroy the best estate plans. Make sure to address both difficult personalities and tax liabilities. They can be equally problematic. Saving loved ones from a large tax bill and maximizing the transfer of wealth across generations is great, but your estate plan needs... Continue reading
Image
The goal is to have more people aware of what elder abuse is and what to do when they see it. The more people who can act, from police to community members, the better. Under the leadership of Kansas Attorney General Derek Schmidt, a new initiative is being launched that... Continue reading
Image
Most young adults are not thinking about retirement when they get their first jobs, but starting early, even if on a very small scale, can make a big difference. When you are working to pay off student loans and trying to save enough to get a place of your own,... Continue reading