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Aretha Franklin Died Without a Known Will in August 2018 – Now Her Sons Are Headed for a Court Battle

LATE-BREAKING NEWS BULLETIN: As we were preparing to publish the following story here on the Blog, a disputed will allegedly written by the late Aretha Franklin and found stuffed between couch cushions in her Michigan home has been found by a jury to be valid. This article published in the Hollywood Reporter was one of … Read more

Planning for Retirement Means More than Saving – It Also Means Preparing for the Next Phase of Your Life

For several generations, “retirement” was associated with little more than a well-earned rest after a lifetime of labor. In former years, a person worked until age 65, enjoyed a few years of peaceful relaxation, then passed away a short time thereafter – and that was that. It wasn’t until 1935 that U.S. average life expectancy … Read more

Living Almost Entirely on Social Security: Here’s How Millions of Retirees with Few Other Resources Plan to Cope

“What does Social Security mean to you?” Ask the average senior that question and you’ll get a range of answers. For some, those monthly deposits fall in the “nice to have” category, a little extra to make retirement a bit easier. But for millions of others, Social Security is an absolute necessity, and the only … Read more

Can You Be Too Focused on Saving Money? For Some, Extreme Frugality Can Become a Personal Finance Problem and a Mental Burden

Advice about saving money has been woven into our consciousness since we were kids. For generations, American youngsters have heard the same well-worn advice: “Save for a rainy day!” “A penny saved is a penny earned!” “A fool and his money are soon parted!” The translation is clear – the key to happiness and security … Read more

Are Funeral Expenses Tax-Deductible? For Most People, No – But There Are Exceptions, and Strategies to Manage Burial Costs

Let’s consider a simple hypothetical. Your aging father passes away, and as his executor you’ve just finished paying out cash from his estate for his funeral expenses. The thought crosses your mind – “I wonder if these costs are tax deductible?” Or perhaps you’re setting aside funds for your own memorial service one day. You … Read more

As You Consider Where to Retire, Consider These 10 Criteria to Help You Decide if a Retirement Spot is a Good Fit

When you finally retire, where would you like to live? Most people approaching retirement have probably played that little mind-game a hundred times. “If I could live wherever I want,” we ask ourselves, “where would it be?” That can indeed be a fun exercise, but there’s more to deciding where to live in retirement than … Read more

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