Are you turning 50 years old in 2020? If so, it is time to get serious about your retirement plans. Hopefully, you already have a retirement plan in place and you are actively preparing for retirement. However, even if you have a retirement plan in place, you can benefit from ramping up your efforts to… Read more »
The loss of a loved one can be a painful and confusing time for family members. There are many details to attend to immediately after a family member passes away, including arranging for a funeral and finalizing the person’s estate. While you are not required to hire a Michigan probate attorney to assist you with the… Read more »
Are you prepared to avoid the most common pitfalls in retirement? When it comes to retirement, there are some common mistakes that we see over and over again. Today we want to address those mistakes, and how to avoid them. From focusing on the wrong things to accepting less than you have to, we will cover… Read more »
Have you prepared for a tax-free retirement? At the end of the day, there are four ways we can generate tax-free income in retirement. Why is this important? Because no one wants to pay more tax than they need to. Quite often when clients come into my office, a majority of their wealth, if not… Read more »
Are you prepared for the possibility of a future that includes developing a disability? In the elderly population between the ages of 65 and 74, approximately 20% of individuals have a disability. When you get to 75+, that more than doubles. By age 75, 49% of people have a disability. There are ways to plan… Read more »
Do you know all the benefits a senior center can provide? Senior centers, like the one in Hamburg, MI, are the very best thing that we can offer to combat loneliness. There’s a lot of talk right now about how loneliness is now public health enemy number one. At senior centers, you can… Read more »
Do you know when to start taking social security benefits? Social security is one of the important things that fits into the five ways that we help clients. We help clients in five different respects; We call this a retirement game plan, the five pillars of a retirement game plan. First would be income planning,… Read more »
Attorney and Advisor Christopher Berry discusses some common and not so common strategies for when and how to take Social Security. www.michiganestateplanning.com On today’s episode of Berry’s Bites we’re going to talk about Social Security timing. So a lot of people assume that as soon as they retire they should automatically claim Social Security with the… Read more »
Inherited IRA’s and Required Minimum Distributions. Attorney and Advisor Chris Berry discusses how RMDs work with inherited IRAs. Today on Berry’s Bites, we’re going to talk about the concept of inherited IRAs. So when you turn 70 and a half, you have to take out what’s called required minimum distributions. So at age 70 and… Read more »
You may be concerned about the privacy of your probate estate after your death. Who can view your will or access your probate records? For some people, the fact that estate records are typically considered public records is disturbing. They do not want strangers, or even family members, reading their will or viewing an inventory… Read more »
