According to research published earlier this year by Northwestern Mutual, we Americans are not very good at saving for retirement. In fact, the research found the following startling facts about Americans’ retirement savings: One in five Americans have no retirement savings; One in three Baby Boomers have less than $25,000 saved; and 78% of us […]
As people begin to think about retirement, a common question they ask financial advisors is whether they should concentrate on paying off their debt or putting aside money for retirement. The answer is not the same for everyone. Primarily it depends on: What kind of debt you are carrying and What system motivates you. Many […]
If you’ve already done your taxes for this year, you may have heard about HSAs. Nearly 3 in 10 Americans use an HSA, with more than 20 million accounts in existence today. An HSA, or Health Savings Account, is a savings account that uses pre-tax money for health expenses. Some of these health expenses are […]
It’s that time of year again — the dreaded tax time. Fortunately, there are a few things you can do to make filing your taxes easier. For one, if you’re thinking of filing for bankruptcy to deal with income tax debt, you may want to look over other options. Tax debts are not dischargeable in bankruptcy, […]
We all want to enjoy our golden years, but the sad news in Los Angeles and across the country is that the number of seniors filing for bankruptcy is increasing. Twenty percent of bankruptcies are filed by people who are age 55 and older. That’s twice as many as there were in 1994. Perhaps this […]
Your golden years come with an array of benefits: wisdom, experience, retirement, and senior discounts! Reduced price points are available at many venues for the 55+ crowd throughout Los Angeles, and there’s so much more than early bird specials. From hotels to museums to movie theaters, senior discounts are abundant in Southern California. But most […]
The death of a parent is one of the most difficult things we must deal with in life. Along with the emotional burden, there are financial issues to be sorted. A common question is whether or not surviving children must pay their parents’ debts. Generally speaking, no, you do not have to pay your parents’ […]
If you live in Los Angeles or the surrounding area, you may be counting down the days until you can stop working and start looking forward to retirement. But how do you best plan for it when we’re busy spending more money than many Americans on housing, food, taxes — even entertainment? When should you […]
At age 55, you start thinking about retirement, kicking up your feet, taking more vacations, playing lots of Sudoku and catching up on all those novels you’ve been meaning to read. Retirement is that time when you can start to enjoy the beautiful Los Angeles weather in the middle of a work day, when you’re […]
You’ve worked for years and earned your pension benefits and you’ll depend on those benefits when you retire. But that doesn’t mean you can’t run into financial difficulties – and even consider filing a bankruptcy. Bankruptcy may involve using some of your assets to pay off your creditors before your debts are wiped out, so […]
Follow Us:
