For more information on Estate Planning and protecting your family for the future, please click here. … [Read more...] about Infographic: Community Foundation Vehicles
Families
The Dangers of Inheriting Money
In this blog post, Erin discusses the three options (Special Needs Trust, Medi-Cal Annuity, "Spend-Down" Option) when someone on government benefits inherits money, along with their disadvantages. Sometimes no perfect solution exists. What are Medi-Cal and Supplemental Security Income (SSI)? Medi-Cal is California’s Medicaid program that pays for a variety of medical services … [Read more...] about The Dangers of Inheriting Money
Government Benefits: Turn Them Down, Build a Better Life?
Erin discusses where government benefits, such as SSI benefits, has helped her family. Meanwhile, Marc discusses a time when a client turned down Social Security Disability Income benefits during a pivotal moment, and built a better life. How Supplemental Security Income (SSI) Can Be Beneficial I’d like to tell you a personal story from my household about how my mother’s family … [Read more...] about Government Benefits: Turn Them Down, Build a Better Life?
When Death, Disability or Divorce Triggers A Retirement Plan Distribution
Death or Disability Death triggers a retirement plan distribution to the beneficiary (make sure this is up-to-date, or it will go to your probatable estate). If this is a pension, a lifetime annuity for the spouse may be created, if it wasn't waived by the deceased (this is a Qualified Preretirement Survivor Annuity, or QPSA) With disability, it triggers a retirement plan … [Read more...] about When Death, Disability or Divorce Triggers A Retirement Plan Distribution
Financial Independence Through The Right Habits & Knowledge
Erin Bui chats about helpful tips on keeping your debt in check (avoid consumer debt like the plague), having your emergency fund, learning about insurance and investments, and basic budgeting and saving habits we should adopt. Her goal is financial independence and she is right on track! Financial independence and stability is my goal. I want to start managing my life without … [Read more...] about Financial Independence Through The Right Habits & Knowledge