For millions of Americans, Social Security retirement benefits will play a significant role in their retirement planning budget. If you are one of those, you may be wondering at what age you should retire and start accepting your benefits. Because it does matter, the Indianapolis retirement planning attorneys at Frank & Kraft explain how the age at which you begin accepting Social Security retirement benefits impacts your benefit amount. The Social Security Retirement System Throughout … [Read more...] about How Will My Age at Retirement Affect My Social Security Benefits?
The earlier you begin planning for retirement the less you will need to save in the long run. In fact, you might be amazed to find out what a huge difference it makes to start saving earlier in your working career. To ensure that your retirement plan works as intended, however, it should be created in conjunction with your overall estate plan. The Indianapolis estate planning attorneys at Frank & Kraft explain how retirement planning fits into your estate plan. Retirement Planning … [Read more...] about How Does Retirement Planning Fit into Your Estate Plan?
If you are close to retirement age, you are probably counting down the time until you get there. Deciding exactly when you get there, however, is a decision you must make first. Before you make that decision, it is important for you to fully understand the financial cost you will pay if you elect to take an early retirement by starting your Social Security retirement benefits sooner rather than later. Toward that end, an Indianapolis elder law attorney at Frank & Kraft explains the … [Read more...] about The Cost of Early Retirement
An Indianapolis elder law attorney can provide you with help in making plans for the most secure retirement possible. Many people are scared that they will not have enough income for retirement, and rightly so. Social Security does not provide enough money to live on, and far too few people approaching retirement have too little savings. That is why it is so important for you to make advanced plans and work with an Indianapolis elder law attorney throughout your life to create a comprehensive … [Read more...] about What Are the Benefits of Investing in an IRA for Retirement?
Indianapolis elder law attorneys can help you to make certain that you are on track for a secure retirement. It is up to you to make plans to provide for yourself during your golden years, as Social Security is typically not enough to live on by itself and as many employees don't have access to defined benefit pension plans that offer lifetime guaranteed income. If you want to make certain that you aren't struggling to survive financially when you are older, you need to set retirement goals … [Read more...] about Are You Saving Enough for Secure Retirement As a Senior?
Elder law lawyers at Frank & Kraft provide many different types of services as you plan for what your future will hold. One of the most important types of services that our firm provides is help with retirement planning. Making a retirement plan is something that you should do as early as possible in your lifetime because you need to start saving when you are young to have enough money to retire. You want to ensure that you have a goal in mind for your chosen retirement age … [Read more...] about What Age Should Seniors Plan on Retiring?
Indianapolis elder law attorneys can help you to be proactive about creating a plan for a secure retirement. Today, many people have no access to traditional workplace pension plans, called defined benefit plans, which paid a guaranteed income throughout your retirement. Instead, many employees — particularly in the private sector — either have no retirement accounts at all or have access only to a 401(k). Because you have to take control over your own retirement savings and … [Read more...] about Retirement Investment Accounts Have New Limits in 2018
Elder law attorneys help you to address many important issues that matter as you get older. Elder law attorneys don't just help with things like making a last will and testament or creating a plan in case you become sick or incapacitated. We also help you to plan and prepare for a secure retirement. People are living longer than ever, and many people have too little money saved for retirement and so are uncertain about what income will be available to them. You want to … [Read more...] about What Seniors Need to Know About Retirement Income
Planning for your retirement is vitally important so you don't end up without the income that you need to live on as a senior-- and that means you need to understand your retirement account options. A retirement planning lawyer at Frank & Kraft can assist you with evaluating different kinds of retirement accounts that can provide you with generous tax breaks. Our legal team can also work with you to understand income limits, contribution limits, and pros and cons of each different kind of … [Read more...] about Retirement Account Options
Indianapolis elder law lawyers help people of all ages to prepare for their futures. We don't just help seniors and we don't just help people who are sick or at the end of their lives. We also assist people who are young, middle aged, and older to address the issues that matter to them when it comes to taking care of their families and assets. One of the key ways that Indianapolis elder law attorneys provide assistance in planning for the future is providing advice about making a … [Read more...] about Can You Get Tax Breaks for Retirement Savings?