The term “grey divorce” refers to the societal trend among people who are age 50 and older that has seen an increase in the divorce rate of older couples who have been married for a long time. Grey divorces are now estimated to account for 25% of all divorces, and the...
In late March of 2020, the CARES Act was enacted in response to the Coronavirus pandemic. This law made a critical change for individuals receiving a Required Minimum Distribution (RMD) from a defined contribution plan such as an IRA, 401(k) or 403(b) plan......
Instagram, Facebook, Twitter, LinkedIn, YouTube and TikTok – influencers are using these social media platforms in the approximately $10M influencer industry. By 2022, this industry is expected to rise to approximately $15M. Influencers do not hold traditional jobs or...
In a rare showing of bipartisan cooperation in Washington, D.C., there is general agreement on both sides of the aisle that people need to be saving for retirement. On May 23, 2019, the House of Representatives passed the Setting Every Community Up for...
By Becky Raspe, Cleveland Jewish News For the wealthy 1%, estate plans are an integral part of financial planning. But for the other 99%, many don’t see a reason to plan for their estate, especially if they feel they don’t have enough assets. According...
A recent poll by Edward Jones has uncovered an alarming statistic: 64% of individuals or families working with a financial advisor have not discussed an estate plan with a professional. At the same time, the poll also found that approximately 77% of individuals...
Vacation season is upon us, and in addition to picking out the ideal summer getaway for you and your family, booking flights and hotel rooms and buying that new swimsuit, it’s a good time to make sure your estate plan is in order before you hit the road. As you know,...
We often think that the only way to truly protect our assets from creditors is to put the money in an offshore Swiss or Cayman bank account, complete with all of the uncertainty, hassle and lack of control which that entails. In other words, we assume that to get...
By Becky Raspe, Cleveland Jewish News When one is preparing their estate plan, it’s common for some of those assets to pass to children. “Adults who receive assets outright from a bequest or inheritance generally have full control and enjoyment over the assets once...
You place great trust in the person who helps you invest your money. You like them, listen to them and are sure that they are obligated to do only what is best for you at all times. Think again! The obligations this person owes are actually dependent on how they are...