Some states are lowering taxes to appeal to retirees. You have begun planning for retirement. Money and climate are two common considerations. You will review cost of living and taxes. According to a recent Kiplinger article titled “States Lower Taxes to Court Retirees,” some states are more financially appealing than others. Other states are taking […]
A pension plan can be significant help in retirement. Fewer employers offer pension plans than in the past. The numbers of pension plans have fallen from 103,000 in 1975 to 46,700 in 2017. While pensions have become less popular, 401(k) plans have grown from 207,700 in 1975 to 662,800 in 2017. Although pension plans and […]
Self-employed individuals have unique Social Security guidelines. You are self-employed. As such, you are no stranger to responsibility. You wear a number of hats. You work in billing, project management, customer relations, and sales. According to a recent Investopedia article titled “How Social Security Works for the Self-Employed” the IRS recognizes your complex business situation. They […]
Farmers requires thorough estate planning. You are a farmer. The work is in your blood. The land is in your family. You want to keep it this way for generations to come. According to a recent The Bangor Daily News article titled “How farmers can start an estate plan,” you risk loosing everything without an […]
Retirement misconceptions can lead to poor planning strategies. Retirement is a significant milestone for many Americans. Many create plans for what they will do when they no longer punch the clock. Whatever these plans may be, they require money to happen. You need to start saving financially and investing in your future. According to a […]
COVID-19 threatens retirement savings for many. Perhaps you saved early for retirement. Maybe you waited until later in your career. Either way, your retirement savings were invested for future growth. All was well. Unfortunately, COVID-19 threatens your retirement because of the economic downturn. Is all hope lost? According to a recent USA TODAY article titled […]
Retirees considering marriage should evaluate several factors. You are in your later years. While in retirement, you have found purpose elsewhere. You have found love. Should you tie the knot? According to a recent Kiplinger article titled “Financially, Marriage Makes a Lot of Sense for Retirees,” retirees considering marriage should weight the pros and cons. […]
Retiring in the cold is preferred by some. What is your ideal retirement? Do you imagine the deserts of the Southwest? Maybe you prefer living near the beach? Often retirees are stereotyped as loving warm weather. According to a recent Investopedia article titled “5 Best Countries to Retire to If You Love Winter,” some people […]
IRA withdrawals can trigger penalties. You have an IRA. Perhaps you have more than one. You have signifiant assets tied up in these accounts. Can you access and use this money? According to a recent Investopedia article titled “9 Penalty-Free IRA Withdrawals,” the answer is not so simple. How so? Making IRA withdrawals make bring […]
Early IRA contributions can benefit your financial situation. We are solidly into the year 2020. Time is a fast flowing river. In fact, we are fewer than two months away from the tax filing deadline. You are looking at your finances and realize you can still contribute to your IRA for 2020. You have always […]
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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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