You have a fall and fracture your spine. You end up in the hospital for five days. You spend your stay receiving hospital nursing care in a hospital room lying in a hospital bed. Your only clothes for five days …
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Understanding Benefits for Senior Veterans Part II
Last week, we discussed that there is a growing number of senior veterans in the United States. Senior veterans and their surviving spouses are typically in receipt of four VA cash income programs – Pension, Death Pension, Disability Compensation and …
Planning Retirement With Social Security
Last week we talked about saving for retirement. Most people are aware that you need to save for retirement. However, it is a topic that is easy to brush aside to a later date. Although the subject is important, often …
Younger Adults How to Retire a Millionaire
Are you under 35? If you are like most young adults, planning for your retirement is one of furthest things from your mind. But it shouldn’t be, because you have a very valuable asset. That asset is something that those …
How Do You Get Into the Safety Deposit Box
You have a safety deposit box. Have you ever thought about what would happen if you were not around to access your box and your loved ones needed to get into it? Like many other assets, it depends upon the …
November Savvy Save Millions in Estate & Gift Taxes in 2012
Especially with the presidential election this year, you have probably been hearing about the “temporary” Bush tax cuts that were implemented in 2001 and are scheduled to expire January 1, 2013. In 2012, tax rates are near historic lows. However, …
Taxation of Tax-Advantaged Accounts
I received a text message from my 24 year old son Luke the other day. Luke graduated from college earlier this year. For the first time in his life, Luke has signed up to participate in a retirement program, his …
Real Estate in Your IRA
I haven’t discussed IRA real estate investments in a while. I have received a number of inquiries regarding these investments within the last few months. So, I have decided to revisit this topic and update the information for you. With …
Beneficiary Designations Unwise
If you are like 70% of Michiganders, you have no estate planning documents in place. But you might have attempted your own do-it-yourself mini estate plan through some sort of beneficiary designations. It could be a beneficiary you named on …
Quit Claim Deeds-Why You Should Not Use Them
You have probably heard it many times before from many people, from financial advisors and tax preparers to the register of deeds and even some attorneys, that all you need to do to transfer your property to your kids or …