Lifestyle

What is Trust?

Posted by on January 25, 2015 at 3:13 pm

The word “trust” is applied to all types of relationships, both personal and business, to indicate that one person has confidence in another person. For our purposes, a trust is a legal device for the management of property. Through a trust, one person (the “grantor” or “trustor”) transfers the legal title to property to another […]

When a Loved One Dies…

Posted by on January 5, 2015 at 10:10 am

In order to relieve loved ones of additional stress, anxiety and expense at the time of a death in the family, consider recording as much information as possible in advance and providing copies to family members. Using our When a Loved One Dies Life Guide, you’ll be able to record and share the following information: […]

What Is a Power of Attorney?

Posted by on November 10, 2014 at 11:14 am

Durable Power of Attorney What Is It? A power of attorney is a written document in which one person — the principal — authorizes another person — the attorney-in-fact — to act on the principal’s behalf. What Authority Is Granted by a Power of Attorney? The authority granted by a power of attorney depends on […]

Why Should You Consider a Living Will?

Posted by on October 2, 2014 at 10:11 am

What Is a Living Will? “Living will” is a term commonly used to refer to a legal document available in most states that allows an adult to state in advance whether or not life-sustaining medical procedures should be used to prolong life when there is no chance for a reasonable recovery. Why Should You Consider […]

She Solved Her Retirement Needs. And So Can You

Posted by on September 24, 2014 at 10:20 am

Need retirement income you can’t outlive? Have coffee with Meg. Take a video break and learn how Meg uses a single premium immediate annuity (SPIA) to alleviate concerns about outliving her retirement assets and being unable to meet monthly expenses. Retire with Confidence People are living longer than ever before, meaning  that unpredictable market performance, higher  […]

5 Reasons People Give

Posted by on August 7, 2014 at 11:29 am

According to the Giving USA Foundation, individual giving accounted for 72% of all contributions to charitable organizations in 2012.  Source: Giving USA Foundation™ – Giving USA 2013 Highlights People give to charities for a variety of reasons. They give: Because they have compassion for the less fortunate. From a belief that they owe something back […]

Teaching Grandkids about Money… Money Does Not Grow on Trees

Posted by on July 25, 2014 at 11:13 am

At this point in our lives we’ve raised our own kids and hopefully the values we struggled to impart before they left home have become part of their family lives.  Now they’re raising  our grandchildren and like us, when we were new parents our kids will try to bring all of their life lessons into the mix.  The […]

5 Retirement Planning Obstacles

Posted by on July 16, 2014 at 8:56 am

What Are the Obstacles to Successful Retirement Planning? There are a number of obstacles that you may face in planning for your retirement:  Discipline to Save  Many people find it difficult to form the habit of “paying themselves first,” by making regular deposits to a savings plan.  Saving to Spend  Money is saved for retirement […]

Return of Money Trumps Return on Money / Happier Retirees

Posted by on July 9, 2014 at 1:53 pm

Return of Money Trumps Return on Money Gallup March 31,2014 “United States investors are generally a cautious group when thinking about risk versus return options for their retirement savings.” Nearly 2 thirds (66%) of investors surveyed by Gallup said a guarantee that their initial investment was secure even if that meant lower growth potential; outranked […]

Long Term Care Insurance Solution

Posted by on June 9, 2014 at 10:53 am

  Long-term care insurance purchased today can help provide you with the financial security you need and deserve in your retirement years. By acting today, you will have protection to help pay for whatever long-term care needs a long life brings! Long-term care refers to help with daily activities needed by people with disabilities or […]

Avoiding Probate

Posted by on June 1, 2014 at 10:39 am

Probate is simply the Latin word for prove, which means that the estate probate process is the process by which your will is brought before a court to prove that it is a valid will. The courts charged with this responsibility are generally known as probate courts, which may actually supervise the administration or settlement […]

Marriage Penalty Relief

Posted by on April 28, 2014 at 1:21 pm

  A married couple may file a joint tax return and be treated as one taxpayer, so that taxes are paid on the couple’s total taxable income. While a married couple may file separate returns, this usually results in higher taxes than filing jointly. The so-called “marriage penalty” results when the combined tax liability of […]

Odds of Surviving Critical Illness Dramatically Increase

Posted by on March 18, 2014 at 4:30 pm

With advances in medical treatment and technology, many people now survive critical illnesses that would have been fatal in the past.  As a result of this increased life expectancy senior Americans have the opportunity to watch grandkids grow into adulthood and start families of their own.  Enjoying some great grandkids is a real possibility. Some […]

Difficult Pension Benefit Decision

Posted by on March 6, 2014 at 5:02 pm

At retirement, if you have a pension, you have to make a difficult decision that could negatively impact your future financial security and that of your spouse.  Most people with company pension plans give this decision little thought and simply select the first payout option listed on their pension estimate; Joint and Equal Survivor Option. For […]

The Estate Tax Bill

Posted by on February 25, 2014 at 5:35 pm

The federal government will not accept a percentage of your estate as payment for your estate tax bill. Instead, your estate tax bill must be paid in cash, and it must be paid within nine months after your death. If your estate is subject to the federal estate tax, there are FOUR ways to provide […]

Top 3 Uses for Fixed Annuities

Posted by on February 15, 2014 at 1:15 pm

Do you own fixed annuities? Do you wonder why so many retirees own fixed annuities? The Top 3 Reasons to Own Annuities 46% own annuities to Supplement Social Security and Pension Income Planning Tip Do you receive interest earnings that you’re not using for income? Not only are you paying unnecessary taxes on this money, […]

An Income Annuity Solution

Posted by on February 9, 2014 at 5:13 pm

How Can an Income Annuity Protect Against the Risk of Living Too Long? The purpose of an annuity is to protect against the financial risk of living too long…the risk of outliving retirement income…by providing an income guaranteed* for life. In fact, an annuity is the ONLY financial vehicle that can systematically liquidate a sum […]

Tax Refund? Must Pass the Test First

Posted by on January 30, 2014 at 6:58 pm

  You better pay attention because there is going to be a quiz and you might have to take it.  This quiz  must be  passed before some tax refunds are sent out.  In order to protect taxpayers expecting refunds some of them  will be sent a letter from the Wisconsin Department of Revenue directing them to take a 4 […]

Facebook Affects Your Behavior

Posted by on June 2, 2013 at 8:42 am

8FACEBOOK PROFILES RAISE USERS’ SELF-ESTEEM AND AFFECT BEHAVIOR – a study by UW-Madison Facebook profiles are a version of self; it is tailored for the eyes of family and acquaintances through the use of photos and posts. A new study by UW-Madison assistant professor  Catalina Toma finds beneficial psychological effects and influenced behavior. Ms. Toma used the Implicit […]

Social Security’s Restricted Benefit

Posted by on May 31, 2013 at 7:26 am

Why would anyone want to restrict their Social Security payments?  Well, it’s not the payments being restricted it is the type of application that is filed.  The restricted application is filed when, for example,  a wife wants to receive her husband’s spousal benefit instead of her own Social Security benefit.  The idea here is to allow the possibly still working wife or […]