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...
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...
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...
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...
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...
by Senior Scene | May 31, 2024 | Financial Advice, General Interest, Magazine, Top Story (C)
Why Buy Life Insurance By: Max Valavanis, CFP® Unfortunately, the American people are under-insured concerning life insurance. The facts are glaringly obvious. As per the Population Reference Bureau, roughly 2.8 million people die every year in the United...
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