While it is always important to focus on how your estate assets will be passed down to loved ones, it is equally important to incorporate tools and strategies in your estate plan that help to protect those assets while you are alive. Asset protection planning should be included in your estate plan throughout your lifetime; however, when you reach your retirement years, you may need to review and revise some of your asset protection planning tools and strategies. To help you better … [Read more...] about Ready to Retire? If So, Are Your Assets Protected?
When it comes to real estate, it is all about “location, location, location.” Where you purchase property not only goes a long way in determining the current and future value of the property, but also impacts your enjoyment of the property. When it comes to retirement planning, where you live can also significantly impact how far your retirement income stretches. That, in turn, affects how comfortably you live out your retirement years. It is precisely for this reason that a growing number of … [Read more...] about ￼Best Countries for Retiring Abroad
Planning for financial stability when you retire is important; however, there is more to retirement planning than just saving money. Where you live when you retire is equally important – and will directly impact your finances as well. Your choice of retirement destination will also affect your overall quality of life. Using data from the annual WalletHub state “retirement-friendliness” rankings, the Indianapolis retirement planning attorneys at Frank & Kraft help you decide if Indiana is … [Read more...] about How Does Indiana Rate as a Retirement Destination?
Many people start planning for retirement when they get their first “adult” job to ensure that they are comfortable during their retirement years. Once you get close to your “Golden Years” there are additional things you should consider to make sure you are ready and financial prepared. To help you get started, the Indianapolis retirement planning attorneys at Frank & Kraft offer some questions to consider when planning to enter your retirement years. Social Security Benefits. Do you know … [Read more...] about Retirement Planning Considerations
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?