Also known as a living will, personal directive, advance directive or advance decision. Planning ahead for future health care decisions is an important step for you, your family and/or loved ones. In the event of a major health event, where you may be unable to communicate, an advance health care directive provides medical instructions that…
An executor ties up personal and/or business affairs after someone passes away. The executor may also be referred to as a personal representative in some states. The executor may include more than one person or, in fact, a financial institution who stands in for the deceased party. The executor will gather the assets, settle any…
You may find that you have accumulated a number of workplace retirement accounts over the years. Consider consolidating these assets into a single rollover IRA to simplify your life and help you take better control of your financial future. Thanks to favorable tax laws, your retirement plan assets can be as mobile as you are.…
The most important thing to know about caregiving is that you do not need to do it alone. Getting support for your role as a caregiver is your first priority. Consider asking for help from other familymembers asking for help from your community asking for help from friends andneighbors sharing your struggles with managers,coworkers and…
Key points Work closely with your financial advisor to establish spending priorities and determine the best options for managing retirement assets. Apply for unemployment benefits immediately. There are strict deadlines that can’t be missed. If possible, don’t let health insurance lapse. Without insurance, a health crisis could seriously jeopardize your financial stability. Consider deferring debt payments…
When you take a distribution from your company’s retirement plan — at retirement or when you change jobs — you may find yourself with a sizable sum of money. Key Points When changing jobs or getting ready to retire, you will need to decide what to do with the assets in your employer-sponsored retirement plan…
Americans are living longer, healthier, and more active lives than past generations, and they want to ensure their healthcare and domestic needs are met. That means saving for a longer retirement is critical. Everyone has different circumstances. Fortunately, a diverse array of options is available to address your individual needs and aspirations. A skilled financial…
