Normally I shy away from discussing accounts that seem to come from a political gambit or whim. However, talking to my Friend in Finance, Cameron Morgan, made me think I should learn and share a bit about the new 530a (aka Trump) accounts. These accounts could be a solution to the question I often get…
Sure, Grey Divorce gets a ton of headlines, but what about Grey Marriage? It’s not unusual for people who are in a later-in-life serious relationship to ask me if they should get married for tax reasons. Not the most romantic of proposal set-ups (Sandra Bullock and Bill Pullman star in While You Were Filing Your…
Do you think that moving in with a romantic partner is less legally complicated than marriage? Or perhaps you want to go in with your best friend to buy a house in an expensive real estate market. What if your adult child moves in with you to help take care of you in your dotage?…
My friends over at GHP Investment Advisors are killing it with their newsletters lately. I highly encourage you to read the essay by Reed McCoy in the link below. He has so much good information that I don’t want to junk it up with my stuff, so just a few thoughts from me on this…
For your favorite financial advisor (I’m assuming that’s me), the life lessons keep on coming. First, it was parenting. “How hard can it be to keep your kids out of trouble/drugs/therapy?” thought I. “HA hahaahaha,” replied the universe. The latest has been my experience downsizing. I knew I needed to get out of my big…
A nuance of estate planning that I learned about recently is the complications of transferring guns of a decedent. It’s not like designating your Grammy’s parrot brooch to the most fashionable grandchild. Here to explain more is attorney Chris Hornbaker. Thanks to Chris for answering these basic questions of mine. If You Own Firearms,…
It may sound like something out of Ocean’s 12, but motion detection technology is becoming a quiet safety net for older adults who want to age in place, especially those living alone. These systems use discreet sensors to learn daily patterns and flag changes that might signal a fall, illness, or confusion, allowing families or…
These days, Dorothy, Blanche, Rose, and Sophia would have more options than ever for housing that offers community and financial savings. Senior cohousing Think of senior cohousing as the real‑life Golden Girls reboot. Everyone has a private home, but there are shared kitchens, gardens, and common houses where the coffee (and gossip) are…
Occasionally people ask if they should have their adult children sit in on their retirement planning appointments. While I am all for meeting the whole family, the answer to this question depends on your situation. For some, letting Junior know that there is wealth at the end of the parental life rainbow might leave them…
I’m trying to think of an expression, like “counting your chickens before the eggs hatch” that applies to considering inheritance as part of your financial plan. Or maybe, with egg prices what they are, we are just hoping to inherit a healthy chicken coop. Anyway, a topic of conversation that often comes up in planning…
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