By Eileen L. GriffinA recent Wall StreetJournal column attempted to dispel the myth of an impending retirement crisisin the United States. It said most private sector employees are well preparedfor retirement, having saved and invested for many years with bothemployer-sponsored plans and Individual Retirement Accounts. Recent dataindicates 61 percent of...
Marie Duncan has been living alone for 45 years and she’dlike to continue to enjoy her “little view of the river” from her Kennewickhome for as long as she can.The 92-year-old credits the Tender Care Village for enablingher to remain independent at her own home.“It’s just wonderful. I just can’t...
By Beau RuffProperty owned by aspouse does not automatically transfer to the surviving spouse at death.Instead, something more is needed in the estate plan to accomplish this feat. In all the complexityof the estate plan, the community property agreement is one document inparticular that offers simplicity, and yet still is...
By Cathy MacCaulA new retirement savings initiative has launched in Washington. The Retirement Marketplace officially opened the nation’s first online savings portal in March, where businesses and individuals can comparison shop for low-cost, state-verified retirement savings plans. The Retirement Marketplace was created to help about 2 million Washingtonians who do not...
By Stephen PalmRetirement planning is the process to prepare for the phase of life after employment income ends. There are several lifestyle items to consider. However, the primary issue is will there be sufficient assets and income to provide the desired income and lifestyle for the remainder of the retiree’s...
By Scott SarberMany people come into our office to prepare for retirement. We talk about when they are anticipating retirement and what their goals are. We review assets, liabilities and current cash flow.Through our financial planning process, we estimate future net worth and future cash flow. We let them know...
Four years ago, the Kadlec Foundation kicked off a new donor program called K-Life to allow people to make an investment in local health care while enjoying the tax savings benefits of a charitable trust.K-Life uses a pooled income fund with three major benefits: bypassing capital gains taxes, increased lifetime...
A tool designed to protect a climber from a fall or ascend a mountain faster is the inspiration behind the name of a new independent practice headed up by a Kennewick financial planner. Named Piton Wealth for the mountaineering tool known as a piton, founder and Chief Executive Officer Michelle...
By Eleanor CumminsPreparing for retirement isn’t just about getting finances in order. Faith-based financial advisers, whose ranks are rapidly expanding in the Tri-Cities and across the country, say retirement is also a time to reaffirm commitments to family, friends and the causes you believe in.[blockquote quote="You can leave your money...
Aging-in-place specialists can help homeowners make adjustmentsAs nearly 77 million baby boomers settle into retirement, many are concerned with more than just their bank accounts.Almost 70 percent of homeowners nationwide have made adjustments to their homes so they can live there longer, according to an AARP study called “Fixing to...
