What Do You Own?
John and Helen have been thinking about updating their estate plan. They called and made an appointment with Paul Plant at Harwell & Plant. John and Helen updated Paul on their current family situation. They have three children who are now on their own and successfully pursuing careers. After listening to the short update on the three children, Paul turned to a review of John’s and Helen’s property. Continue reading
Being a caregiver is a very important job that requires a lot of skill, effort, and time from you, the caregiver. Sometimes, spending that much energy on someone else’s needs can cause you to neglect your own needs. The symptoms of caregiver burnout vary and are very similar to symptoms of depression, including feelings of stress, sadness, and guilt. Know the symptoms of caregiver burnout so you can watch out for them. Know the causes so you can try to prevent it. If ignored, caregiver burnout can become clinical anxiety or depression. You should always seek help from a medical professional if you have reached that point. Some of the more common symptoms of caregiver burnout are: Continue reading
When you’re devoting so much time and energy to caring for Mom, it can be easy to let your own health and wellness take a backseat. But now more than ever, it’s important that you take care of yourself so that you are in the best possible health as a caregiver. Fortunately, practices you’ve adopted as a caregiver can help make sure that you aren’t putting your health on the back burner. Continue reading
What are the IRS income tax filing requirements for retirees this tax season? I didn’t have to file last year, but I picked up a little income from a part-time job in 2014 and I’m wondering whether I need to file this year. Whether or not you are required to file a federal income tax return this year will depend on how much you earned (gross income), the source of that income, your filing status and your age. Your gross income includes all the income you receive that is not exempt from tax, excluding your Social Security benefits, unless you are married and filing separately. Continue reading
Parents and children often have a different perspective on saving and spending. Parents of retirement age today were born during the Great Depression or during the 1940s and have a strong desire to save and invest in order to increase economic security.
Some of their children may have a different perspective. Because their children did not grow up during adverse economic times, they tend to consume more and save less. Understandably, many of these parents hope that their children could have greater economic security during retirement. Continue reading