Long-term care can drain your assets significantly if you do not prepare. As people age, their bodies become more fragile. Eventually, they require assistance from others. For some, their health status may be strong enough to simply move in with a loved one who has few responsibilities. Even with loved ones willing and capable of […]
Long-term care is especially important for women to consider. As we age, we require more assistance. For some, failing memory can create dangerous situations. For example, people may take more medication doses than necessary or set kitchen fires by forgetting food left on the stove or that the gas has been left on. Those who […]
Planning for retirement typically follows a basic timeline. If you are working, you should already begin planning for retirement. Eventually, you will no longer be employed. Spoiler alert .... When you retire, you will still need to pay bills and fund your lifestyle. According to a recent U.S. News & World Report article titled “10 […]
Women should plan for long-term care needs. The health of both men and women decline as they age. That is an unavoidable fact. Despite the universality of aging and death, women tend to live longer than men. About 74 percent of single households for those over age 80 are women. Need some anecdotal proof? Visit […]
Retirement can become more expensive with Medicare mistakes. There are many benefits to leaving the workforce for retirement. You have more freedom for hobbies, friends, family, and travel. Retirement also comes with new responsibilities and decisions. According to a recent Money Talk News article titled “5 Medicare Mistakes to Avoid for a Healthy Retirement,” navigating […]
Original Medicare has limits to what it will cover. Americans age 65 or older are eligible for Medicare coverage. Those with certain qualifying disabilities are also eligible for this coverage. Medicare provides health insurance benefits to these individuals. According to a recent AARP article titled “7 Things Medicare Doesn’t Cover,” there are certain expenses not […]
The status of "senior citizen" can seem hard to define. The term senior citizen is commonly used in the United States. For some, this term is decades away from applying to them. For others, it is closer than they realize. Still others may be considered senior citizens and be blissfully ignorant of this fact. According […]
It can be easy to overlook opportunities for tax breaks. You are recently retired. During your working years, you understood where you could save money on taxes. Since you stopped working full time, your tax situation has changed. You believe your deduction days are a thing of the past. Not necessarily. According to a recent […]
Everyone needs to plan for retirement. Retirement may be couple of years away or a couples of decades away. Either way, it is coming. You may be able to choose the time of your retirement. Cutbacks or health issues may force you into retirement earlier than anticipated. According to a recent Nasdaq article titled “Do […]
There are several retirement myths circulating about from well-meaning people. You are planning for retirement. You started by researching information online. Although the internet certainly has helpful information, it is not always accurate. According to a recent Auburn.pub article titled “Let’s Leave These 3 Retirement Myths in 2020’s Dust,” you should be wary of retirement […]
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Overland Park Estate Planning Attorney Kyle Krull assists clients in Kansas and Missouri with Estate Planning, Wills, Trusts, Revocable Living Trusts, Charitable Planning, Asset Protection and Business Succession Planning in the greater Kansas City area including Overland Park, Leawood, Olathe, Lenexa, Johnson County Kansas and Jackson County Missouri.
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