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Money

August 2015
Ambord
Dollar Sense

When Adult Kids Live in Your House

It could be that your kids have left home and later suffered a significant loss, like a spouse, a job, or had a house foreclosed. There’s no shame in needing to regroup, for a time. But there’s also no reason why a healthy adult shouldn’t be contributing financially to make the household run.

David
Legal Ease

Trying to Avoid Probate? Just a Will Alone Won’t

Unfortunately, many people share the same misconception that by preparing a last will and testament probate can be avoided. Whether probate will be required has nothing to do with whether you have a will.

July 2015
Ambord
Dollar Sense

June Potpourri: Stuff You Need to Know About Your House, Your Money, Other Stuff

It’s a common thing. You work for an employer for a while, then leave, and forget that you had a pension plan there. Even if the company was sold or went bust, the pension might still be sitting somewhere with your name on it, but don’t expect anybody to contact you (though they might).

Ambord
Dollar Sense

What You May Not Know about Medicare and Social Security

It allows you to let the benefits build up and later take a lump sum back to the date you filed. If you file and suspend, your benefit of $2,000 per month stack up. A year later, let’s say you get hit with some unexpected expenses like the need for a new roof and other home repairs. You can then file for a lump sum of benefits going back the full year, totaling $24,000.

Telleen-Lawton
Financial Fortitude

Should You Sell Short?

With the 10-year Treasury rate below 3% for the fifth year, bonds cannot be expected to compensate for even low inflation. So most boomers are still in the market, trying to keep current with new and old strategies like ETFs, REITs, options, and short selling.

June 2015
Ambord
Dollar Sense

Health and Money: Stuff You Need to Know About Your Health Insurance and Other Healthcare Issues

Did you know that some states (more than half) take this a step farther, making it a requirement? It’s called “filial responsibility laws.” While there is no federal law that compels you to help out, if your elderly parents are without resources, your state may require that you and your siblings pitch in.

Ambord
Dollar Sense

Potpourri: Stuff You Need to Know About Your Social Security, Your Assets, and a Few Freebies

While we wait for the wheels of government to make a sensible change like removing the SSNs from our Medicare cards, you should know, you do not have to carry your card with you. And if you do feel you need to carry it, here’s an alternative that will protect your SSN.

David
Legal Ease

How a Beneficiary Deed Helps Avoid Expensive Trusts or Probate

Is there any other type of plan we could put in place that would allow us to avoid probate without having to go through the expense of setting up a trust? We have some friends who are in a similar situation as us and they prepared a beneficiary deed transferring their home at their death to their children.

Telleen-Lawton
Financial Fortitude

Divvying Up the Stuff Without Suffering

On the day of the event, realize, remember – and keep remembering – that your relationships with your siblings are more important than stuff. Agree to try to be your best selves, and forgive each other for inevitable moments when old hurts get in the way.

May 2015
Ambord
Dollar Sense

April Potpourri: Staying Out of the Legal and Identity-Revealing Swamps, Plus Some More Freebies

I have a close relative who has kept boxes and boxes of utility bills dating back 34 years, from a house she no longer owns. The paperwork is useless, space-consuming, and a fire hazard. And someday, we survivors will have to sort through them to find what we do need. By putting it off, the legal swamp she’s creating could suffocate us.

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