Allen, McGee & Associates Helps You Plan
Various Guides to Financial Planning
The death of a spouse or loved one is a difficult
time. Yet, during this period, important financial arrangements must be made. This Financial Guide will help you
handle the many financial details which must be attended to on the death of a loved one.
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Estate planning, the process of planning how to preserve your assets for your heirs, is not just for the very wealthy. Everyone should engage in some form of estate planning. After
working hard for many years, building up a business, and accumulating assets, you should make sure that those
assets will not be unnecessarily used up but are preserved for your survivors. Here’s a basic guide to wills, trusts, and other estate planning tools..
What are the financial implications of marriage (and of
divorce and re-marriage)? Those who have recently changed their marital status or who are planning such a change
may have important financial and legal decisions to make. These decisions might deal with property ownership,
providing for children’s welfare, post-mortem planning, and day-to-day finances
How much life insurance do you need? What type is appropriate? You
should review your life insurance needs each time you have a major life event. Here is what you need to know to
properly plan for your life insurance needs—to buy enough and to get the most for your money.
The post-mortem letter, a simple and practical estate planning
tool you can put together yourself, can protect your estate, maximize the amount available to heirs and save your
spouse and executors a lot of trouble. This important letter tells your executor and survivors where to locate
everything they need to carry out your instructions.
If you are thinking of retiring soon, you are about to make a major
financial decision: how to take distributions from your retirement plan. This Financial Guide will discuss your
various options. And, since the tax treatment of these distributions will influence your decision, we will also
review the tax rules. Also, learn When is best to take your retirement.
Roth IRAs differ from other tax-favored retirement plans, including other
IRAs (called traditional IRAs), in that they promise complete tax exemption on distribution. But there are other
important differences as well, and many qualifications about their use. This Financial Guide shows how they work,
how they compare with other retirement devices--and why YOU might want one, or more.
This Financial Guide tells you how to begin the financial planning
process. It provides worksheets to help you find out where you are financially and where you want to be in the
future. It will help you identify your goals, determine your net worth and cash flow, plan to achieve your goals as well as begin to put your plan into action.
