Retirement & Estate Planning
Get help calculating how much you will need to retire, understanding mutual fund fees, deciding when to collect Social Security and writing a will.
- When You Need Cash In Retirement
- Last year’s stock market declines took their toll on many Americans, but those in retirement were among the most affected. After saving diligently, most people probably believed they could now safely enjoy their post-career years, but market...
- Do Your Retirement Plans Need Retooling?
- Where does your retirement plan stand? Although this phase in everyone’s life looms in the future, many people fail to set aside the money they will need to fund a healthy and happy retirement. Others who have saved diligently over time may have...
- When and Why You Should Update Your Will
- Preparing a will is the best way to be certain your property is distributed according to your wishes. What many people don’t realize is that keeping your will up to date is as important as having a will. That is why the Virginia Society of CPAs...
- Eight Retirement Savings Mistakes To Avoid
- Effective retirement planning is often equated with making good decisions, but avoiding common mistakes can be equally important, reports the Virginia Society of CPAs . Just one or two things done incorrectly can set you back in achieving your...
- How Much Do You Need To Retire?
- Determining how much money you need for retirement is a highly personal and complex decision. It depends on a number of factors, including the retirement lifestyle you desire, your target retirement age, and your life expectancy, reports the...
- Make Retirement Saving a Goal This Year
- Money can’t buy happiness, but it can help fund a comfortable retirement. The beginning of the new year is an opportune time to get serious about saving for retirement. The best way to do this is by setting specific goals, reports the Virginia...
- Legal Documents You Need To Have
- It’s a good idea for everyone to take steps to ensure that your wishes are carried out in case of illness or death. According to the Virginia Society of CPAs , there are a number of legal documents that can communicate your wishes and make life...
- A Death in the Family: Being Financially Prepared
- What would happen to your family’s finances if you or your spouse were to die unexpectedly? Would it be easy for the surviving loved ones to get back on their feet financially? The Virginia Society of CPAs offers these tips to ensure that your...
- Financial Advice for the Sandwich Generation
- Many members of the Baby Boom generation are trying to balance supporting a parent while also raising a youngster or providing financial help to an adult child, according to the Pew Research Center. Several factors make it likely that this trend...
- Tax-Smart Retirement Planning
- In the past, companies supplied retirement funds for their employees through defined-benefit pension plans that paid a set amount to retirees. Today, those plans are rare, and employers are increasingly shifting the responsibility for retirement...
- Tips on Working Into Retirement
- Once upon a time, retirement meant quitting work forever at age 65. Today, that description no longer applies to many of the millions of Americans who are at or near traditional retirement age. By 2016, workers age 65 and older are expected to...
- Choosing an Eldercare Facility
- The American population is aging. In fact, according to U.S. Census Bureau statistics, one in five Americans will be over 65 by the year 2050. As these people grow older, many will choose to continue living on their own or may decide to move in...
- Smart Steps for Funeral Planning
- Many people dread the prospect of planning for a funeral, but a little forethought can ensure that your loved one receives the funeral he or she desires. It can also minimize unnecessary expenses and stress during a difficult time. Be aware that...
- Borrowing From a Company Retirement Plan
- The troubled economy has taken its toll, resulting in job losses, home foreclosures and tighter credit. Faced with a financial emergency, many people scramble to find available cash. At such times, the money in your qualified company retirement...
- Writing an Effective Will
- Wills are not just for the very rich. They are important legal documents that help guarantee that your wishes will be followed and that your family or other beneficiaries can receive their inheritance without unnecessary delays. Everyone should...
- Smart Retirement Savings Steps
- The recent turmoil in the financial markets has touched virtually every sector of the economy. One great source of anxiety for many people is the state of their retirement savings. Late last year, many saw the value of their retirement nest egg...
- Asking Aging Parents the Tough Questions
- Adult children often find it difficult to think about the possibility that someday one or both of their parents won't be self-sufficient. As a result, many families are unprepared to handle the issues and challenges that arise with aging parents....
- Should You Convert to a Roth IRA?
- Converting a traditional individual retirement account (IRA) to a Roth IRA can offer greater flexibility in retirement. And, beginning this year, more taxpayers are eligible to make this conversion. However, there are both potential benefits and...
- Should You Accept an Early Retirement Offer?
- In today's corporate environment, cost cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive offer you've received is a good...
- Life Insurance Facts
- All life insurance policies have one thing in common: they provide a tax-free death benefit to your beneficiary when you die. But, that’s where the similarities stop. The Virginia Society of CPAs offers an overview of the most common types of...
- Questions to Ask About Life Settlements
- Do you own a life insurance policy that you no longer need? If so, there are a number of options available to you, including surrendering the policy to receive the cash value or letting it lapse. Another option is a life settlement, in which you...
