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But we are proud to say that Tom DelPup contributed 98 entries already.
The end of the year is fast approaching, and with it several important deadlines for IRA account owners and beneficiaries. In my experience helping clients address year-end IRA matters, the following are the most problematic areas: Required Minimum Distribution (RMD) Deadline: December 31 is the deadline for taking RMDs from an IRA for an account […]
Pellie was in a long term relationship with Tony that lasted over 40 years. They never married. Pellie became Tony’s caretaker when his health began to fail. Tony died in 2015. Pellie had received about $300,000 in assets from Tony up to and after his death. But Pellie believed she was entitled to much, much […]
Many of my clients have a desire to incorporate a college savings component into their financial plans to help with their grandchildren’s college education expenses. In many cases, a 529 college savings account has already been set up for the grandchild by the parents, and the client would like to contribute to that account. Simple […]
Smartphones and tablets have become integral parts of everyday life. There seems to be an app for everything. Not surprising, there are many smartphone and tablet apps to help dementia sufferers and their care givers address the many dementia-related challenges faced on a daily basis. Loretta Woodward Veney, a motivational speaker and author, whose mother […]
A MiABLE account allows a disabled Michigan resident to save money in an account in their own name and not jeopardize eligibility for needs-based government benefits such as Supplemental Security Income (SSI) and Medicaid. Money can be withdrawn from the account to pay for “qualified disability expenses” and such expenditures will not be counted as […]
Bicycling in Michigan has enjoyed a resurgence in popularity in recent years due in large part to the expansion of rail trails and other pathway systems, which allow cyclists to ride bikes off of roadways. Rail trails have become transportation corridors allowing cyclists to commute to work, exercise, or just sight see in a safe […]
We are approaching the end of the year and for many of you, 2017 is the first year you must begin taking a required minimum distribution from your traditional IRAs. As you may already know, the Internal Revenue Service rules require you to take a minimum distribution (known as “RMD”) from a traditional IRA each […]
According to an article at news.com.au, a woman from Queensland, Australia died of cancer in 2015. In an apparent effort to save money on her estate plan, she chose to use a cheap do-it-yourself will kit. The four page document had numerous hand-written attachments and contained multiple changes. It is likely to end up costing […]
What do you do when the time comes for an elderly parent to stop driving, but they won’t? When Stephen Petrow came face to face with dilemma, he and his siblings did something drastic – they anonymously reported their mother’s dangerously poor driving to the State of New York DMV. Although she passed the written […]