Author Archives:

5-21-16 Radio Show (2nd Hr)

2nd Hour-KTTH & KIRO

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5-21-16 Radio Show (1st Hr)

1st Hour-KTTH & KIRO

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5-14-16 Radio Show (2nd Hr)

2nd Hour-KTTH & KIRO

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5-14-16 Radio Show (1st Hr)

1st Hour-KTTH & KIRO

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5-7-16 Radio Show (2nd Hr)

2nd Hour-KTTH & KIRO

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5-7-16 Radio Show (1st Hr)

1st Hour-KTTH & KIRO

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4-30-16 Radio Show (2nd Hr)

2nd Hour-KTTH & KIRO

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Life Planning Seminars

Federal Way                                                                                                                         Mukilteo

Date: June 11th, Saturday                                                                                                          Date: June 14th, Thursday
Time: 1:30 pm – 3:30 pm                                                                                                           Time: 6:30 pm – 8:30 pm
Venue: Aging Options Campus                                                                                           Venue: Hilton Garden Inn Hotel
Address: 31919 6th Ave S Federal Way, WA 98023
                                                            Address: 8401 Paine Field Blvd Mukilteo, WA 98275
Speaker: Attorney Rajiv Nagaich
                                                                                            Speaker: Attorney Rajiv Nagaich

Mercer Island                                                                                                                       Gig Harbor

Date: June 16th, Thursday                                                                                                        Date: June 18th, Saturday
Time: 6:30 pm – 8:30 pm                                                                                                          Time: 1:30 pm – 3:30 pm
Venue: Mercer Island Community & Event Center                                                          Venue: The Inn at Gig Harbor
Address: 8236 SE 24th St., Mercer Island, WA 98040
                                                     Address: 3211 – 56th St NW Gig Harbor, WA 98335
Speaker: Attorney Rajiv Nagaich
                                                                                            Speaker: Attorney Rajiv Nagaich

Everett                                                                                                                                   Bothell

Date: June 21st, Tuesday                                                                                                          Date: June 23rd, Thursday
Time: 6:30 pm – 8:30 pm                                                                                                         Time: 6:30 pm – 8:30 pm
Venue: Hilton Inn Downtown Everett                                                                              Venue: Hilton Garden Inn Seattle/Bothell
Address:3105 Pine Street Everett, WA 98201
                                                                   Address: 22600 Bothell Everett Highway Bothell, WA 98021
Speaker: Attorney Rajiv Nagaich
                                                                                          Speaker: Attorney Rajiv Nagaich


                                                                        

Are You Facing One of the Seven Deadly Emotions of Caregiving?

If you’re a caregiver for an ailing loved one, you know how exhausting and draining your responsibilities can be. In fact, sometimes you may feel like you’re the only one who knows. That’s because no one can imagine how hard it is to be a caregiver unless they’ve been there and done that.

We found a very helpful article for caregivers on the website Caring.com. If you’re caring for a loved one who is aging and infirm, dealing with an onslaught of difficult emotions, this article can help you recognize those emotions and deal with them in a constructive way. It’s called “The Seven Deadly Emotions of Caregiving,” and you can click here to read it. Even if you’re not a caregiver, chances are you know someone who is, so we encourage you to share this very timely and insightful piece.

The article calls these emotions “Caregiver Emotional Traps.” They’re triggered by the stress that caring for a loved one brings on. Here’s a brief list. Do some apply to you?

The first deadly emotion is Guilt. The article’s author, Caring.com Contributing Editor Paula Spencer Scott, says “Caregivers often burden themselves with a long list of self-imposed ‘oughts,’ ‘shoulds,’ and ‘musts.’” It’s easy to beat yourself up over imagined faults – losing your temper, or not vising often enough, or not knowing what course of action is best at every turn. Scott’s advice: recognize your limitations and realize that perfection is impossible. This is where having a support group in your corner can help restore your perspective.

The second and third deadly emotions are Resentment and Anger. These can easily be triggered when a caregiver feels ignored or criticized, or when the person you’re caring for has a particularly difficult day or is harsh with you. The article not only shows how these emotions can harm your health – it also suggests several ways to control them, ranging from humor to journaling to deep breathing exercises. For your own sake it’s important to control the corrosive impact of Resentment and Anger.

What about Worry – deadly emotion #4? If the one you’re caring for is especially close to you – a spouse or parent – anxiety over their condition can become almost paralyzing. Paula Spencer Scott says it’s vital to avoid turning Worry into obsession – and to know when to see a counselor if Worry gets out of hand.

The rest of the list:

 

  • Deadly Emotion #5, Loneliness (it’s essential to expand your social circle and join a support group of people who can relate to your situation)
  • Deadly Emotion #6, Grief (anticipatory grief is a completely normal emotion, so don’t live in denial and pretend everything is fine)
  • Deadly Emotion #7, Defensiveness (negative comments or not-so-helpful criticism from friends and family members can cause a knee-jerk reaction – so remain calm and confident)

Here at Aging Options we have counseled thousands of clients on how to lay the groundwork for a solid, sustainable retirement plan. One thing some retirees overlook is that they fail to let their loved ones know their wishes. This failure can aggravate all the negative emotions outlined in this article should you ever find yourself in the position of serving as – or being served by – a caregiver.

So where do you begin making a plan that covers all the essential aspects of retirement? Our advice for a great place to start with your retirement planning is to attend one of our free LifePlanning Seminars, where we’ll provide you with a wide range of vital information about family affairs, finances, legal affairs, housing options and health care planning. Click on the Upcoming Events tab on this website for dates and times of a LifePlanning Seminar near you.

We’ll look forward to seeing you there.

(Originally reported at www.caring.com)

 

Will Your Social Security Income be Taxable? Odds Are They Will

It’s a question we hear from our clients frequently. As they approach retirement, some seniors have always assumed that their Social Security benefits will be tax-free – but will they be? The answer depends on several factors, but odds are – if you’re approaching the time when you begin drawing benefits – you will end up paying taxes on at least some of that income.

We recently found this report from Kiplinger. It was originally written a few years ago but just updated, and it explains in detail who will pay income tax on Social Security benefits, along with ways to minimize your tax exposure. Kiplinger states that “about 25 million Americans pay income taxes on their Social Security benefits — a surprise for many seniors who were planning on a source of tax-free income.” Depending on your income, the article reports, recipients could pay tax on up to 50% of your benefits, or for some up to 85%.

We won’t go into unnecessary detail here, but if we have the chance to meet with you individually we can help you evaluate your own personal situation. But one basic question retirees frequently ask is what the earning threshold is that makes benefits taxable. Kiplinger says, “The first step is to compute your ‘provisional income,’ which is basically your adjusted gross income (not counting any Social Security benefits) plus any tax-exempt interest and 50% of your benefits.” Once you’ve calculated that figure, according to Kiplinger, “Your benefits are totally tax free if your provisional income is less than $25,000.” That’s for single or head-of-household tax returns. If you file a joint return, that threshold rises to $32,000.

One final point: if you do have to pay taxes, Social Security will withhold payments from your check if you desire. That saves you the need to make quarterly payments.

Protecting your assets in retirement is vitally important, and that requires a realistic assessment of all your sources of income. One of the surest ways to maintain your independence and avoid becoming a burden to your loved ones is to make all your retirement plans carefully.

 

  • Are your financial resources being carefully and realistically allocated?
  • Have you considered all your various housing options to plan where and how you’ll live?
  • Are your legal affairs and all necessary documents up to date and complete?
  • Are you thinking ahead to handle your health care needs as you age?
  • Are your family members fully informed about your wishes in retirement?

We work with our clients to weave all five of these elements into a comprehensive plan – called a LifePlan. With your LifePlan in place you can face retirement knowing you’ll be able to protect your assets as you age, avoid becoming a burden to your loved ones, and also avoid being forced into institutional care against your wishes.

Where do you begin? We invite you to start by attending a free LifePlanning Seminar where we’ll provide you with helpful information about all these aspects to your retirement plan. Click on the Upcoming Events tab on this website, and you’ll see all the upcoming dates, times and locations. It will be a pleasure meeting with and working with you.

(Originally reported at www.kiplinger.com)
 

 

 

 

 

Author Archives:

5-21-16 Radio Show (2nd Hr)

2nd Hour-KTTH & KIRO

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5-21-16 Radio Show (1st Hr)

1st Hour-KTTH & KIRO

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5-14-16 Radio Show (2nd Hr)

2nd Hour-KTTH & KIRO

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5-14-16 Radio Show (1st Hr)

1st Hour-KTTH & KIRO

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5-7-16 Radio Show (2nd Hr)

2nd Hour-KTTH & KIRO

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5-7-16 Radio Show (1st Hr)

1st Hour-KTTH & KIRO

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4-30-16 Radio Show (2nd Hr)

2nd Hour-KTTH & KIRO

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Download Part 2

Life Planning Seminars

Federal Way                                                                                                                         Mukilteo

Date: June 11th, Saturday                                                                                                          Date: June 14th, Thursday
Time: 1:30 pm – 3:30 pm                                                                                                           Time: 6:30 pm – 8:30 pm
Venue: Aging Options Campus                                                                                           Venue: Hilton Garden Inn Hotel
Address: 31919 6th Ave S Federal Way, WA 98023
                                                            Address: 8401 Paine Field Blvd Mukilteo, WA 98275
Speaker: Attorney Rajiv Nagaich
                                                                                            Speaker: Attorney Rajiv Nagaich

Mercer Island                                                                                                                       Gig Harbor

Date: June 16th, Thursday                                                                                                        Date: June 18th, Saturday
Time: 6:30 pm – 8:30 pm                                                                                                          Time: 1:30 pm – 3:30 pm
Venue: Mercer Island Community & Event Center                                                          Venue: The Inn at Gig Harbor
Address: 8236 SE 24th St., Mercer Island, WA 98040
                                                     Address: 3211 – 56th St NW Gig Harbor, WA 98335
Speaker: Attorney Rajiv Nagaich
                                                                                            Speaker: Attorney Rajiv Nagaich

Everett                                                                                                                                   Bothell

Date: June 21st, Tuesday                                                                                                          Date: June 23rd, Thursday
Time: 6:30 pm – 8:30 pm                                                                                                         Time: 6:30 pm – 8:30 pm
Venue: Hilton Inn Downtown Everett                                                                              Venue: Hilton Garden Inn Seattle/Bothell
Address:3105 Pine Street Everett, WA 98201
                                                                   Address: 22600 Bothell Everett Highway Bothell, WA 98021
Speaker: Attorney Rajiv Nagaich
                                                                                          Speaker: Attorney Rajiv Nagaich


                                                                        

Are You Facing One of the Seven Deadly Emotions of Caregiving?

If you’re a caregiver for an ailing loved one, you know how exhausting and draining your responsibilities can be. In fact, sometimes you may feel like you’re the only one who knows. That’s because no one can imagine how hard it is to be a caregiver unless they’ve been there and done that.

We found a very helpful article for caregivers on the website Caring.com. If you’re caring for a loved one who is aging and infirm, dealing with an onslaught of difficult emotions, this article can help you recognize those emotions and deal with them in a constructive way. It’s called “The Seven Deadly Emotions of Caregiving,” and you can click here to read it. Even if you’re not a caregiver, chances are you know someone who is, so we encourage you to share this very timely and insightful piece.

The article calls these emotions “Caregiver Emotional Traps.” They’re triggered by the stress that caring for a loved one brings on. Here’s a brief list. Do some apply to you?

The first deadly emotion is Guilt. The article’s author, Caring.com Contributing Editor Paula Spencer Scott, says “Caregivers often burden themselves with a long list of self-imposed ‘oughts,’ ‘shoulds,’ and ‘musts.’” It’s easy to beat yourself up over imagined faults – losing your temper, or not vising often enough, or not knowing what course of action is best at every turn. Scott’s advice: recognize your limitations and realize that perfection is impossible. This is where having a support group in your corner can help restore your perspective.

The second and third deadly emotions are Resentment and Anger. These can easily be triggered when a caregiver feels ignored or criticized, or when the person you’re caring for has a particularly difficult day or is harsh with you. The article not only shows how these emotions can harm your health – it also suggests several ways to control them, ranging from humor to journaling to deep breathing exercises. For your own sake it’s important to control the corrosive impact of Resentment and Anger.

What about Worry – deadly emotion #4? If the one you’re caring for is especially close to you – a spouse or parent – anxiety over their condition can become almost paralyzing. Paula Spencer Scott says it’s vital to avoid turning Worry into obsession – and to know when to see a counselor if Worry gets out of hand.

The rest of the list:

 

  • Deadly Emotion #5, Loneliness (it’s essential to expand your social circle and join a support group of people who can relate to your situation)
  • Deadly Emotion #6, Grief (anticipatory grief is a completely normal emotion, so don’t live in denial and pretend everything is fine)
  • Deadly Emotion #7, Defensiveness (negative comments or not-so-helpful criticism from friends and family members can cause a knee-jerk reaction – so remain calm and confident)

Here at Aging Options we have counseled thousands of clients on how to lay the groundwork for a solid, sustainable retirement plan. One thing some retirees overlook is that they fail to let their loved ones know their wishes. This failure can aggravate all the negative emotions outlined in this article should you ever find yourself in the position of serving as – or being served by – a caregiver.

So where do you begin making a plan that covers all the essential aspects of retirement? Our advice for a great place to start with your retirement planning is to attend one of our free LifePlanning Seminars, where we’ll provide you with a wide range of vital information about family affairs, finances, legal affairs, housing options and health care planning. Click on the Upcoming Events tab on this website for dates and times of a LifePlanning Seminar near you.

We’ll look forward to seeing you there.

(Originally reported at www.caring.com)

 

Will Your Social Security Income be Taxable? Odds Are They Will

It’s a question we hear from our clients frequently. As they approach retirement, some seniors have always assumed that their Social Security benefits will be tax-free – but will they be? The answer depends on several factors, but odds are – if you’re approaching the time when you begin drawing benefits – you will end up paying taxes on at least some of that income.

We recently found this report from Kiplinger. It was originally written a few years ago but just updated, and it explains in detail who will pay income tax on Social Security benefits, along with ways to minimize your tax exposure. Kiplinger states that “about 25 million Americans pay income taxes on their Social Security benefits — a surprise for many seniors who were planning on a source of tax-free income.” Depending on your income, the article reports, recipients could pay tax on up to 50% of your benefits, or for some up to 85%.

We won’t go into unnecessary detail here, but if we have the chance to meet with you individually we can help you evaluate your own personal situation. But one basic question retirees frequently ask is what the earning threshold is that makes benefits taxable. Kiplinger says, “The first step is to compute your ‘provisional income,’ which is basically your adjusted gross income (not counting any Social Security benefits) plus any tax-exempt interest and 50% of your benefits.” Once you’ve calculated that figure, according to Kiplinger, “Your benefits are totally tax free if your provisional income is less than $25,000.” That’s for single or head-of-household tax returns. If you file a joint return, that threshold rises to $32,000.

One final point: if you do have to pay taxes, Social Security will withhold payments from your check if you desire. That saves you the need to make quarterly payments.

Protecting your assets in retirement is vitally important, and that requires a realistic assessment of all your sources of income. One of the surest ways to maintain your independence and avoid becoming a burden to your loved ones is to make all your retirement plans carefully.

 

  • Are your financial resources being carefully and realistically allocated?
  • Have you considered all your various housing options to plan where and how you’ll live?
  • Are your legal affairs and all necessary documents up to date and complete?
  • Are you thinking ahead to handle your health care needs as you age?
  • Are your family members fully informed about your wishes in retirement?

We work with our clients to weave all five of these elements into a comprehensive plan – called a LifePlan. With your LifePlan in place you can face retirement knowing you’ll be able to protect your assets as you age, avoid becoming a burden to your loved ones, and also avoid being forced into institutional care against your wishes.

Where do you begin? We invite you to start by attending a free LifePlanning Seminar where we’ll provide you with helpful information about all these aspects to your retirement plan. Click on the Upcoming Events tab on this website, and you’ll see all the upcoming dates, times and locations. It will be a pleasure meeting with and working with you.

(Originally reported at www.kiplinger.com)