Revocable vs Irrevocable Trust: Which is Better
Revocable vs irrevocable trust: which is better. The difference between revocable and irrevocable trusts and the purpose each serves in estate planning. Q: I am divorced and have two grown daughters. I am placing my house in a trust. My attorney is recommending an irrevocable trust. Which do you prefer, revocable or irrevocable and why? [...]
Is Summer Canceled Because of the COVID-19 Pandemic?
Is summer canceled because of the COVID-19 pandemic? Not exactly, but some summer events and activities can’t happen while social distancing is in effect. This summer, things are going to be a bit different. The coronavirus pandemic and the social distancing efforts to limit its spread mean that summertime events that draw big crowds are [...]
How Will COVID-19 Impact Retirement Planning?
How Will COVID-19 impact retirement planning? New research finds older Americans might have to delay retirement due to the coronavirus pandemic. The financial fallout from the coronavirus pandemic is already devastating to millions of consumers. More than 40 percent of Americans say their level of financial security has deteriorated since the COVID-19 pandemic began. Around [...]
Coronavirus Stimulus Checks 2020: Will It Be Enough?
Coronavirus stimulus checks 2020: will it be enough? How to check your eligibility and how Americans plan to spend their stimulus checks from the CARES Act. The first round of Economic Impact Payments, the coronavirus relief stimulus checks included in the CARES Act, were deposited last week. That’s good news if you got yours and [...]
Is It Smart to Prepay Your Mortgage?
Is it smart to prepay your mortgage? These are the three different approaches to paying your mortgage that work for homeowners and investors. Q: I'm 83, have no mortgage, pay my credit cards in full each month and have no car payment. When I first started out in 1961, I bought a 52 chevy for [...]
Coronavirus Relief: CARES Act 2020
Coronavirus relief: CARES Act 2020. How the $2 trillion coronavirus relief bill will help both families and businesses during the COVID-19 pandemic. The number of Coronavirus/COVID-19 cases in the U.S. continues to spike as more tests become available and states improve reporting procedures. In our coverage of the Coronavirus, we’ve watched the cases skyrocket from [...]