Art investors are nearly always advised not to invest in art at all, but to collect it. Buy what you like, the conventional wisdom goes, not what you expect to increase in value. But collectors still must contemplate financial matters, especially related to inheritance, advisers say. It’s essential for them to consider what will happen to […]
Read More »Estate Planning Attorney Pleads Guilty to Fraud and Other Charges
A Wisconsin estate planning attorney who faced 33 federal charges stemming from fraudulent activity and stealing her wealthy clients’ money has reached a deal and will plead guilty to five of the charges.
Read More »Can I Survive Financially if I Live to be 100?
How long will you live? It’s a key question in retirement planning. If you’re healthy and your family tree has branches with staying power, you may figure that you have decades ahead. If your parents died early of natural causes, you may assume a shorter life. Yet research shows that behavior is more crucial than […]
Read More »Estate Planning for the Farm
Estate planning doesn’t concern itself only with financial savings or your home. It can also include your property and land. And in no other industry is land more valuable than farming. By building and implementing an airtight estate plan, farmers and ranchers can ensure a smooth transition of land ownership and management when the time […]
Read More »The Lowdown on IRAs
Self-employed people need to save for retirement, and a tax-advantaged retirement plan is the best way to accomplish this. Designed for the self-employed, the Simplified Employee Pension (SEP-IRA) and the Solo 401(k) are relatively easy to set up. Both plans offer tax-deductible contributions, enabling you to cut your taxes and get tax-deferred growth. Another plus: […]
Read More »“Estate Planner” Scams Customers with Turkish Bond Investment
A Naperville businessman was sentenced recently to seven years in federal prison and ordered to pay more than $3.3 million in restitution for conning clients into investing in nonexistent Turkish bonds as part of an elaborate, $28 million Ponzi scheme, authorities said. John T. Burns III was an owner and operator of USA Retirement Management […]
Read More »How Hard Is Your Money Working?
Your money should always work for you, but when you’re retired, it needs to work even harder. Help safeguard your retirement by placing demands on your hard-earned cash.
Read More »Forged Will Leads to Arrest
Unfortunately, it is not unusual for people to take advantage of the elderly and even to go so far as to forge a will when the elderly person passes away. It is heartening, however, that when caught the people who do this normally face criminal charges. An Arkansas woman, Kimberly Dement Dotson, has been […]
Read More »Counting on an Inheritance to Retire
A new survey suggests that many Americans are counting on receiving an inheritance to retire on instead of saving enough for retirement themselves. This has the potential to create disasters for several reasons. Recently, CNBC published the results of an inheritance survey about the retirement plans of people from several nations. The survey included […]
Read More »How to Care for Aging Parents
Dealing with aging parents is not only tough emotionally, but financially. A Caring.com report found that nearly half of family caregivers spend more than $5,000 a year on caregiving, and 30 percent spend more than $10,000. Your parents may need help. Are you ready?
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