Planning decisions to make in retirement

If you’re in your 50s, retirement is on the horizon.  Here are some important financial planning decisions you need to keep an eye on. Don’t dip into retirement.  With the average employee having seven careers in a lifetime, there’s a possibility that you’ll experience seven or more temptations to cash out an IRA rather than…

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Do unlicensed law practitioners create an unnecessary burden on family members?

Last week the Florida Supreme Court ruled that individuals engaging in some Medicaid planning activities were practicing unlicensed law.  The ruling supported an advisory opinion of the Florida Bar (No. SC14-211) that proposed that persons engaging in: drafting personal service contracts, preparing and executing qualified income trusts, or rendering legal advice as regards Florida state…

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Making successful resolutions

Forty-five percent of Americans usually make New Year’s Resolutions and an additional 17 percent occasionally make New Year’s resolutions according to a study in the Journal of Clinical Psychology.  With so many of us resolving to lose weight, get organized and save more money (the top three resolutions for 2014), you’d expect to find a…

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Understanding Powers of Attorney

Powers of Attorney (POAs) are essential legal documents but they can be confusing for the layman not least because many people don’t understand that there are two main types of POAs and they function quite different from each other. A healthcare POA allows someone you trust such as a family member or friend to make…

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