Estate planning is more than just transferring assets to your loved ones upon your death. Perhaps more importantly, good estate planning includes choosing the right people to manage your financial affairs in the event you cannot do so. Most estate plans include both a “living trust” and a “power of attorney.” While each document plays
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Planning for retirement can be a daunting prospect. The list of things to consider ranges from finances to health care to how you’re going to spend your spare time. What do you need to know about Social Security and Medicare? What if your health declines and you need special care? Should you take a part-time
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Grandparent support and information Grandparents Raising Grandchildren Support Group Services: Drop-in support group meets twice monthly, 9-11:30am, second and fourth Wednesdays, Sonora Blood Bank conference room, 850 Sanguinetti Rd. Contact: JoAnn Pechota, Licensed Clinical Social Worker, 588-0298 AARP Grandparent Information Center Services: National and state clearinghouse of information and resources for grandparenting issues Contact: (888)
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By Richard Carty The first step in surviving these tough economic times: Don’t panic. Don’t let emotions take over. Making spur-of-the-moment financial decisions is likely to make a bad situation worse. The second step is to realize what you can do to improve your financial situation – and what you have no control over. We
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By Richard Carty What is the difference between a Roth IRA and a traditional IRA? Contributions made to a traditional IRA (up to $5,000 of earned income or $6,000 if you are age 50 or older) are reported as a deduction on your form 1040, and contributions to a Roth IRA are not deductible. If
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By Richard Carty, CPA Did you know that 10,000 “Baby Boomers” in this country are becoming eligible for Social Security every single day? We could all use more information on money and tax issues, but perhaps no one more than new retirees who face the challenge of making a limited pool of money last for
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