The Complete Cardinal Guide
TO PLANNING FOR AND LIVING IN
RETIREMENT
WE HELP YOU EMBRACE THE 7 WORRIES IN RETIREMENT
3 Tax Benefits of Roth IRAs in Retirement
In retirement, taxes change a lot. A source of many of these changes comes from the fact that most retirees are now drawing from their IRAs for income. Roth IRAs are going to give retirees a triple crown of tax benefits with a proper plan in place for how to use this...
How do I make sure my spouse will have enough money after I pass?
You likely have someone dependent on your income to live. While this is usually a spouse, it can also be an adult child, grandchild, or anyone else who relies on you for support. When you die, they are going to need something to replace your income, even if you are...
What is the minimum amount of life insurance I should have in retirement?
Once you reach retirement, it might seem that you don’t need life insurance anymore. Your children are supporting themselves, your house is paid off, you have savings - you’re all set. While this is a great position to be in, every single person should consider a...
Should I leave my IRA to my kids?
The purpose of an IRA, or a 401(k), is to fund your retirement and provide income when you are done working. While many retirees use their IRA for this exact purpose, others view it as a wealth transfer vehicle. Many people stuff a large portion of their savings into...
What’s the best age to buy long term care insurance?
Too often, clients only seek long term care insurance once it is too late. The cost for the care they want, usually home health care, becomes prohibitive at this late stage. For most people, long term care insurance is an option worth considering earlier rather than...
Does Medicare Cover Home Health Care?
Health care in retirement starts with Medicare, but Medicare is not where it ends. The fact is Medicare will only pay for a very specific and limited amount of home health care benefits. We will go over what Medicare will cover, what they won’t, and other options you...
Is Social Security going to run out?
There are a lot of myths that go around about Social Security: Social Security is going bankrupt, take it now or you won’t get it, or that the government has been spending it on other things. There is a report that the Social Security Administration publishes every...
Selling your home in retirement? You might not have to pay taxes on the gain
Retirement is full of changes. For many, this means moving homes. When you sell your house, are you going to be saddled with a huge tax bill? For most, the answer is no. What are Capital Gains? Capital gains are any profit you make when selling any capital asset you...
The Good and the Bad of Revocable Living Trusts
We have many clients ask us if they should have a revocable living trust as part of their estate plan. Most clients asking this question have attended a seminar selling “revocable living trusts”. Whether or not you need a trust depends on what you want to accomplish...
5 Categories of Investment Risk and How They Affect your Retirement
Risk is inherent in investing. When young, most people are able to be more risky. Once reaching retirement age, many are unaware of what types of risks they are taking, and which risks they should stop taking. Retirement begins living off your savings, but as you...
