All it takes is 18 Months for your Retirement Plan to Disappear in Northern California On average, it takes 18 months for a beneficiary to spend the entire amount of an inherited retirement plan. That means that your spouse, child or loved one will spend the entire amount of your IRA or 401K within 18 months of inheriting it from you. It is not their fault; the tax code makes … [Read more...] about All it takes is 18 Months for your Retirement Plan to Disappear in Northern California
Stretching it Out in Santa Rosa California A stretch out is a way to make your Retirement Plan last longer, and still reap the benefits of a growing economy without being taxed or paid out to creditors or predators of your beneficiary. It works like this: You name your spouse/partner as the primary beneficiary of your IRA or 401K Plan. You name your trust for the … [Read more...] about Stretching it Out in Santa Rosa, California
The Two areas that Estate Planning covers are Asset Management and Healthcare. Managing your Healthcare takes priority because your health is priceless. Healthcare Directive Healthcare directives are simply directions written by you that convey desired and specific directions for medical treatment, the refusal of medical treatment, and the appointment of an agent or your … [Read more...] about Your Health is your greatest Wealth in Santa Rosa, California
The Cost of 24/7 Care in Northern California – The Child cares for the Parent The more you want to avoid the problem the more serious the consequences. I never thought that we would be in this situation but I found myself as the care taker of my parent. I always saw my Dad as the strong one, the one that offers timely advice, helps with the care of my son and helps fix all the … [Read more...] about The Cost Of Parental Care in Santa Rosa California. The role is reversed, the child must care for the parent.
What is an Estate Plan? An Estate Plan does three things: It effectively transfers all your assets, Home, Bank Accounts, Retirement Plans and Personal Possessions to your Beneficiaries the way you want it to be distributed and managed. It effectively transfers all of your rights if you become incapacitated and gives directions on how you want your assets managed for … [Read more...] about What is an Estate Plan?