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The Law Offices Of Kyle Robbins, PLLC

Financial Planning

  • Published: July 19, 2018

If you’re in your early 50s and have next to nothing saved for retirement, you're not alone. The Employee Benefit Research Institute found that more than a third of workers between the ages of 45 and 54 who responded, said they had less than $25,000 set aside for retirement, while more than a quarter of those 55 and older said…Read More

elderly woman around cake
  • Published: July 16, 2018

An effective way to safeguard your retirement savings from the high price of assisted living, in-home care or the cost of a stay in a nursing home is a long-term-care insurance policy. However, recent premium hikes have many baby boomers concerned that this type of coverage is no longer affordable. Kiplinger’s recent story, “The Long-Term-Care Insurance Dilemma,” reports that the median cost of…Read More

Do I Need Life Insurance in Retirement?
  • Published: June 3, 2018

As you look at your financial future, procrastinating can make things much tougher down the road. Here's how to get confident about your money. USA Today’s recent article, “Financial planning: How to determine if you need life insurance in retirement,”notes that many older Americans wonder if they’ll need life insurance in retirement. They are concerned about whether their surviving spouse and loved…Read More

Financial Security In Retirement Key To Most Americans
  • Published: May 30, 2018

A 2018 Northwestern Mutual Planning & Progress Study has found that financial security in retirement is a key issue for many Americans. Think Advisor’s recent article,“1 in 3 Americans Have Less Than $5,000 in Retirement Savings,” reports that almost 80% of all Americans are “extremely” or “somewhat” concerned about affording a comfortable retirement, while 66% think that there’s some likelihood of outliving…Read More

Check Those Beneficiary Designations
  • Published: May 21, 2018

Beneficiary designations have precedence over wills. Therefore, if you have accounts with assets to pass on to heirs, be sure to update them regularly. CNBC’s recent article, “Out-of-date beneficiary designations are a common and costly mistake,” says that naming beneficiaries can come with unexpected costs, like deeding money to an irresponsible minor. Many people still have ex-spouses or deceased relatives named as a…Read More

If I Turn 70 In 2018, When Do I Need to Take an RMD From My IRA?
  • Published: May 18, 2018

Kiplinger’s article, “When to Take Your First Required Minimum Distribution From an IRA,” explains that when you must take your Required Minimum Distribution (RMD), depends on whether your birthday falls before or after July 1. It also depends on whether you want to use your option to delay taking your first withdrawal. Generally, you must begin taking your RMD from a traditional IRA…Read More

Financial Planning Crucial in “Gray Divorce”
  • Published: May 16, 2018

Bloomberg’s recent article, “Rise of ‘Gray’ Divorce Forces Financial Reckoning After 50,” found that a majority of married women (56%) still leave major investing and financial planning decisions to their spouse, according to a report titled “Own Your Worth” by UBS Global Wealth Management. The study shows that it’s not just older women moving into the more traditional gender roles of their parents:…Read More