Newborns would save $2.2 million for retirement with this idea
It’s no doubt that Social Security will face changes over the next several years, and no exactly for the best. There’s just no avoiding it. However, there are still ways to set your children for success when they reach their time of retirement. This article explains why setting up a Child IRA now would put […]
Let Your Business Be Our Business
At Rhodes Law Firm, we’re especially known for our heavy focus on Estate Planning, Elder Law, Long Term Planning, and those alike. But with many of our clients, their business is also a major component in putting together the rest of their planning. Let your bank, financial adviser, or brokerage firm help you with the […]
Around the Web: Retirement Advice from a Boomer to a Millennial
Thankfully, Millennials are beginning to catch on to the importance of starting a retirement fund as soon as possible. But if you are reaching retirement soon, you may feel obligated to make sure that your surrounding young co-workers are up-to-speed on this topic. There are several experiences and tips to share in order to make […]
Around the Web: Five Ways to Bulletproof Your Estate Plan
Taking care of your estate plan early on is a great decision, without a doubt. There’s really no such thing as starting early with this. However, sometimes in life we think we’ve got our “ducks in a row” and somehow something goes wrong. In this article, you’ll find great ways to make sure that the […]
To: Our Grandchildren, From: Your Grandparents
You’ve already designated amongst your children and siblings who receives your assets, but are having difficulty with what to leave your grandchildren. There are several ways to gift your assets to your grandchildren while making sure there are no misuse of funds. You wouldn’t want to leave them “x” amount of money for higher education […]
Around the Web: For the Blended Family
Estate planning is complicated as it is – sorting through and designating your assets to whomever. But picture a family where both spouses have been previously married with children. Now imagine this already-combined family having a child or more children together. It seems like things are beginning to look more complicated, right? When a family […]
May is National Elder Law Month
Now that April showers have come and passed, and May flowers are blooming right before our eyes, we welcome National Elder Law Month! The month of May was designated as National Elder Law Month back in 1987 by the National Academy of Elder Law Attorneys. In that time, there was an increasing demand for legal […]
Around the Web: It’s Time to Think Further Ahead, Millennials!
Generation Y, or more commonly known as Millennials, are reaching the stages in life that include the start of their career, first day of college, buying their first house or car… Let’s just say it’s a lot of “firsts.” You can imagine when the term estate planning reaches their ears, it doesn’t automatically turn into […]
April = National Financial Literacy Month
As we all know, the month of April is more commonly known for its showers. In the finance world, however, it’s also known as National Financial Literacy Month! It’s a month dedicated to alert, educate, motivate and assist the public to cost-effectively establish and keep their financial and estate plans up-to-date, according to www.estateplanning.com. They […]
Estate Planning, Debt and Bankruptcy. Oh my!
Debt—most people have some sort of debt. That goes without saying some have more than others. Either way, it’s inevitable. What about bankruptcy? It’s certainly more common than you may think, and for several people it’s the best option. You’re probably wondering how do these factor in when you begin your estate planning? Unfortunate events […]