Should Your Children Pay for Your Health Care?
It’s not news that nursing-care is costing an arm and a leg for Americans and a crisis is looming. Costs can run, on average, over $10,000.00 per month in California. Hundreds of thousands of people presently need that kind of care and the numbers are rising. Ten thousand “baby boomers” a day turn 65, and it’s projected that seven of ten of those people will need long-term care. By astute Long-Term Care estate planning, Botti & Morison Estate Planning Attorneys, Ltd., reduces or eliminates the impact of such phenomenal costs on many families’ life savings. But many others who are ... Read More
5 Tips to Rethinking Your Retirement Plans
If you’re relying on a 401(k) or and IRA plan for your retirement, Kiplinger.com is suggesting it is time to rethink your financial retirement portfolio. You may have built up a significant nest egg with these plans, but it does come with serious baggage during your golden years. It is impossible to argue against the early stages of a 401(k) when employers match your contribution to the plan. You can take advantage of the tax breaks because contribution money comes out of your paycheck before calculating taxes and that money compounds every year. When you retire, however, the tax impact ... Read More
