Now May Be a Good Time to withdraw $100K from Your Retirement Accounts, Penalty-Free!

Q. My wife, Patty, and I are in our late 50’s and have been hit hard by COVID-19. Luckily, neither of us got the virus, but financially, we have been struggling. I got furloughed from my job and Patty teaches yoga, and the yoga … [Read more...]

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What Type of Baby Boomer are You?

Baby boomers, or those born between 1946 and 1964, make up nearly 30% of the U.S. population. With this group reaching retirement age, new concerns are emerging when it comes to planning for retirement and long-term … [Read more...]

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Seniors Should Consider Cruise Ships Rather than Nursing Homes

About 2 years ago my wife and I were on a cruise through the western Mediterranean aboard a Princess liner.  At dinner we noticed a senior lady sitting alone along the rail of the grand stairway in the main dining room. I also … [Read more...]

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New Case Showing Why Domestic Asset Protection Trusts (DAPTs) Don’t Work!

Dr. Charles Dahl and his wife Kim were married for eighteen years. In 2002, Charles executed a trust entitled "The Dahl Family Irrevocable Trust" that named Charles as Settlor, his brother Robert as Investment Trustee, and Nevada … [Read more...]

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Did I Read That Right? Rates for Long-Term Care Insurance Rose 9% This Year!

Q. My wife and I like to plan ahead. Unfortunately, both of her parents and three of her aunts died of Alzheimer's, and we want to make sure we are prepared should one of us need long-term care in the future. We are aware of the … [Read more...]

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Before You Sign a Continuing Care Contract

Continuing Care Retirement Communities (CCRC), also known as Life Care Communities, offer older adults a spectrum of services and care facilities, typically starting with independent living arrangements, then advancing to assisted … [Read more...]

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Listen to Evan H. Farr, CELA being interviewed on 1500 AM (Federal News Radio) on Sunday, October 5!

  On Sunday, October 5 at 10:30 p.m, I will be the guest on "Of Consuming Interest" hosted by Shirley Rooker, radio host and President of Call For Action, Inc. On her show, Ms. Rooker typically interviews top government … [Read more...]

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Common Misconceptions about Revocable Trusts

Recently, CNBC posted an article on their Website about the benefits of trusts, entitled “Heir Tight: The Do’s and Don'ts of Creating Rock-Solid Trusts.” The article provides some very good information about why most people should … [Read more...]

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Planning for Long-Term Care (Part 5)

The Veteran's Aid and Attendance Pension BenefitThe best advice that I can give you when planning for long-term care is not to delay. We never know what the future holds. While we are able, we must prepare for a variety of … [Read more...]

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Planning for Long-Term Care (Part 4)

The most important thing that you can do in planning for future contingencies is to act now. The future may hold limited resources or health problems for you and either one of these may prevent you from taking care of the things … [Read more...]

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