Posted on: July 12, 2021
new parents just need a will like a child just needs a nursery "I just need a will." I get it: new parents want to get organized. And, that's a box that needs checking. It never ceases to amaze me how much chaos such a little person can wreak as a parent myself. So, I […]
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Posted on: July 9, 2021
without planning for sequence of returns risk, a successful retirement is just a matter of luck When you are saving for retirement during your working years, your primary concern likely revolves around accumulation. You want to ensure that you have a sufficiently large nest egg to fund your retirement according to your preferred lifestyle. The […]
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Posted on: July 8, 2021
Whilst you are focused on making ends meet and getting used to more social contact, the economy marches on. As an estate planning attorney in Austin, Tx, I get many clients who wonder how the last year's tumult may affect their wealth plans. Because I prepare estate plans and comprehensive wealth plans, and retirement planning […]
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Posted on: May 26, 2021
Have you considered a Charitable Remainder Annuity Trust in your estate plan? If not, perhaps you should do so before tax laws change. Perhaps you have an asset that has appreciated significantly since you received or purchased it, but it doesn't provide you with any current income. You'd like to find avoid capital gains tax […]
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Posted on: May 25, 2021
Backcasting If you have a goal, you can improve the chances of reaching that goal, by imagining that you have achieved the goal. From that vantage point, you then reflect on what steps you took to achieve that goal. This technique is called backcasting. Annie Duke discusses it in her recent book, How to Decide. […]
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Posted on: May 18, 2021
Should I count on Social Security Benefits being available to me by the time I retire? During the estate planning and wealth planning process, this question often comes up. One of the most important components of an effective retirement and legacy strategy requires an estimation of one's essential consumption requirements. To meet those essential spending […]
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Posted on: April 27, 2021
We recently covered an example to get you thinking about how much you should save each month for retirement. With Federal tax laws in flux with the new administration, it is important to strategically plan your gifting. Saving for college presents a unique opportunity to execute a gifting strategy that will benefit both you and […]
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Posted on: April 22, 2021
Are there reasons to get a revocable living Trust in Texas? Maybe you've come from another state, like California, where the probate process is expensive? And you're wondering if you need a revocable living Trust in Texas. The probate process in Texas is relatively cheap and straightforward compared to some other states. So, upon learning […]
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Posted on: April 22, 2021
Wow...there's a lot of talk about inflation lately. So far, there's not much more to talk about than the talk: The story is that the economy is set to boom with the availability of vaccinations. The pent-up demand from over a year of deprivation sets the scene for bursting consumer demand. Although the Federal Reserve […]
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