Safety and Growth – On the Same Dollar

by Senior Scene | Jan 31, 2025 | Financial Advice, General Interest, Legal, Magazine, Top Story (C)

Max ValaVanis, CFPⓇ In my years helping retirees plan their finances, I am consistently faced with this priority decision: where can we achieve strong returns while minimizing risk? As any Financial Advisor can attest, this is a common question. Unfortunately, many...

‘Tis the Season for RMDs

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

‘Tis the Season for RMDs By: Max Valavanis, CFP® While some seniors gleefully take their distributions for holiday shopping, others will sigh as the unneeded cash drains from their retirement accounts. Despite this, when Uncle Sam dictates that it’s necessary to take...

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...

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...

What Happens if a Beneficiary Dies?

by Senior Scene | Aug 1, 2024 | Financial Advice, General Interest, Magazine, Top Story (C)

What Happens if a Beneficiary Dies? By Attorney Truman Scarborough All of our beneficiaries (those who inherit our estates) will someday die. Not planning for what will happen if a beneficiary dies can have unexpected and costly consequences.  In this article we will...

When should a Beneficiary’s inheritance be held in trust?

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

When should a Beneficiary’s inheritance be held in trust? By Attorney Truman Scarborough An inheritance does not need to be distributed directly to a beneficiary. It can be placed in a trust where the funds can be managed and controlled by a trustee for the heir’s...