Posts by CCR WM

The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020.

Home-based care enables you or your loved one to remain at home, living independently but receiving needed support and assistance.

One of the most important decisions you’ll make is who will receive your assets and take over your estate. To help ensure your loved ones receive the assets you want them to have, you can name irrevocable beneficiaries.

Women face unique financial challenges as they age. Compared to men, women live longer, earn less, and spend fewer years in the workforce. If you’re a woman or support a woman in your life, consider looking into LTC options.

The best plans for managing the finances of an older relative are made when that individual is still healthy. Addressing care options now for your aging parents will pay dividends for everyone! Learn more with this infographic:

Financial Planner Jon Lilja discusses elder abuse, estate planning, and the importance of POLST in his newest educational video.

Plans created at age 65 often require a second look when seniors reach their late seventies, eighties, and nineties. If you have an aging parent or relative, look into these arrangements to address their concerns.

If you haven’t yet, you should start to address elder care with your parents to make sure that they are comfortable in their later years. It’s never too early to start preparing for the responsibility of caring for parents.

The irrevocable life insurance trust (ILIT) can be an important estate strategy tool that may accomplish a number of estate objectives; however, it may not be appropriate for every individual.

By estimating your expenses and taking steps to prepare, you can ensure an enjoyable retirement. Contact us today for more information.

Parents, consider using monetary gifts as a teaching opportunity. Helping your children learn how to be smart savers could be the best gift that you ever give them.

Awareness of important information, and knowing where to locate relevant documents, can help your grown children take appropriate and timely action if a sudden death or catastrophic illness were to occur.

In the spirit of July’s National Make a Difference to Children month, COO Amanda J. Hopkins discusses one way to make an impact on children in need through fostering.

Here are some things to consider when lending funds for your child’s business venture.

Selecting a guardian for your children is an extremely personal and important decision. Address these important financial issues before selecting a guardian.