Retirement Planning

Incapacity Planning FAQ: What Is the Correct Power of Attorney?

A comprehensive, properly constructed estate plan will account for end-of-life issues. While incapacity planning can seem like something that happens to a limited number of people, when you examine the facts, see that a very significant percentage of senior citizens become unable to handle all of their own decision making eventually. Studies have found that… Continue Reading

Retirement Planning: The Imperfect Storm

You may have gotten your first introduction to retirement planning when you secured your first career position. Many companies offer 401(k) plans, and in many cases, they will match employee contributions up to a certain amount. As you examine the paperwork, you may do the math and envision how much you may have in the… Continue Reading

Estate Planning Is for Everyone

The process of estate planning is often thought of as something that is only important for people who have reached an advanced age. We all know that  senior citizens are more likely to pass away than their younger counterparts, but in truth,  all responsible adults should have an estate plan in place. There have been… Continue Reading

What Is the Difference Between SSI and SSDI?

There are a number of different government programs that are used by people who have disabilities. Some people qualify for SSI, which is an acronym that stands for Supplemental Security Income. Others qualify for Social Security Disability Insurance (SSDI) payments. In this blog post, we will look at the distinctions between these two government programs…. Continue Reading

Texas Estate Planning Tip Sheet

Tip 1. Your estate is what you leave behind after you die. Everyone has an estate. Whether you are wealthy, old, young, a parent, single, or anything else, you have, or more specifically will have, an estate. Your estate is simply the collection of possessions, money, and other property you leave behind after you die,… Continue Reading

Long-Term Care Costs Are on the Rise

Most senior citizens will require help with their day-to-day needs at some point in time. This is a fact of life that you should be well aware of when you are looking ahead toward your retirement years. Though you will qualify for Medicare coverage at the age of 65 if you worked for any length… Continue Reading

Can You Use an IRA for Estate Planning Purposes?

An individual retirement account can provide a valuable nest egg during your senior years. However, under certain circumstances, an IRA can also be useful from an estate planning perspective. Essentially, there are two different types of individual retirement accounts: traditional IRAs, and Roth individual retirement accounts. There are some similarities between them, but there are… Continue Reading

Social Security Administration: No COLA in 2016

There are those who assume that a ready-made retirement is right there for everyone, because they know that they will qualify for Social Security and Medicare. To qualify for these programs, you have to accumulate at least 40 retirement credits while you are working and paying taxes. The requirement is quite modest, because in 2015,… Continue Reading

What Is the Veterans A & A Pension?

Anyone who has ever served honorably in the United States Armed Forces has done a great deal for our country, and veterans deserve rewards for their service. However, the matter is even more profound when you have served your country during a time of war. This is the ultimate sacrifice. If you have served our… Continue Reading

Estate Tax Efficiency for Non-Citizen Spouses

There are many high net worth individuals in the greater Dallas area, and when you have been financially successful throughout your life, you have to be aware of potential estate tax exposure. The federal estate tax carries a whopping 40 percent maximum rate, so your wealth can be significantly eroded if you take no steps… Continue Reading