Tags Finishing Well

Tag: Finishing Well

3 Tax Benefits of Roth IRAs in Retirement

What are the 2 different types of IRAs?  There are 2 basic types of IRAs. Most people have a traditional IRA.  Traditional IRAs are tax-deferred, meaning...

How do I make sure my spouse will have enough money after I pass?

When a spouse dies, one Social Security check goes away  Social Security is most retirees’ main income source. When a spouse dies, one Social Security...

What is the minimum amount of life insurance I should have in retirement?

Why do I need whole life insurance in retirement?  Whole life insurance is permanent. When young, many people carry term life insurance. Term life insurance...

Should I leave my IRA to my kids?

Why you shouldn’t leave your IRA to your heirs Like we mentioned, the purpose of an IRA is to provide retirement income. When you use...

What’s the best age to buy long term care insurance?

What age should I apply for long term care insurance?  According to the American Association for Long-Term Care Insurance, in 2019, 76.4% of new long...

Does Medicare Cover Home Health Care?

What does Medicare cover for home health care? The Centers for Medicare & Medicaid Services lists what Part A and Part B will cover. This...

Is Social Security going to run out?

What the 2020 Social Security Trustees Report Says Every April, the Trustees of the Social Security trust fund put out a report on the current...

Selling your home in retirement? You might not have to pay taxes on the gain

What are Capital Gains? Capital gains are any profit you make when selling any capital asset you own. Most assets, from stocks to your house...

The Good and the Bad of Revocable Living Trusts

What does Revocable Living Trust mean? While there is a lot that goes into a revocable living trust, to understand the basics, we can look...

5 Categories of Investment Risk and How They Affect your Retirement

What do we mean by risk?  Investors and savers face risk no matter what, whether they are completely invested in the market or prefer to...
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