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Your Taxes May Be Changing

Your Taxes May Be Changing

by Senior Scene | Oct 31, 2024 | Featured Article (04), Financial Advice, General Interest, Legal, Magazine

Your Taxes May Be Changing By: Max Valavanis, CFP® Inflation has taken its toll on all of us one way or another. Whether you’re worried about an $8 Big Mac or having to take out a loan for a “seemingly” overpriced A/C unit, most Americans are feeling it’s effects....
Social Security Announces 2.5 Percent Benefit Increase for 2025

Social Security Announces 2.5 Percent Benefit Increase for 2025

by Senior Scene | Oct 31, 2024 | Bonus Article, Financial Advice, General Interest

  Social Security Announces 2.5 Percent Benefit Increase for 2025 Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5 percent in 2025, the Social Security Administration announced today. ...
Are there limitations on what you can do in a Will?

Are there limitations on what you can do in a Will?

by Senior Scene | Oct 31, 2024 | Financial Advice, General Interest, Legal, Magazine, Top Story (C)

Are there limitations on what you can do in a Will? By Attorney Truman Scarborough Anything can be written in a Will, including provisions that are contrary to the law.  The problems are encountered later in probate after the creator of the Will has passed. Some of...
Your Taxes May Be Changing

Are 4% Withdrawals Still Feasible In Retirement?

by Senior Scene | Sep 30, 2024 | Financial Advice, General Interest, Legal, Magazine, Top Story (C)

Are 4% Withdrawals Still Feasible In Retirement? By: Max Valavanis, CFP® Since 1994, many financial advisors have considered the 4% withdrawal rule gospel. A rule that could be written in stone. It’s simple; every year, a retiree can pull 4% – plus inflation – from...
Are there limitations on what you can do in a Will?

When does diminished capacity prevent a person from creating an estate plan?

by Senior Scene | Sep 30, 2024 | Featured Article (04), Financial Advice, General Interest, Magazine

When does diminished capacity prevent a person from creating an estate plan? By Attorney Truman Scarborough Before assisting in the preparation of an estate plan, an attorney must determine that the client has “Testamentary Capacity”. This requires a person...
Your Taxes May Be Changing

Estate Planning Blunders

by Senior Scene | Aug 31, 2024 | Featured Article (04), Financial Advice, General Interest, Legal, Magazine

Estate Planning Blunders By: Max Valavanis, CFP®   Estate Planning is a beautiful opportunity to designate who you want your assets to go to after you pass. Unfortunately, sometimes the results are not what you intend. Therefore, to effectively pass property to...
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