Who Can You Trust With Your Trust?

After Raymond’s death Marci met with an attorney to review the couple’s estate plan that had been drawn up almost a decade earlier. But she wasn’t comfortable with some of his recommendations. “Having learned about how easily errors can be made in setting up and maintaining trusts, I did not accept the estate attorney’s advice at face value,” she recalls. “He was suggesting things that didn’t coincide with what I had learned. It just didn’t make sense because I knew better.”

Despite the attorney’s credentials and the fact that her husband thought he was competent, Marci suspected she was not getting the best advice...Read more...

Six Blunders that Ruin Retirement Plans

Regular contributions to an IRA or 401(k) are a good start, but accumulating money is only part of the retirement-planning equation. Securing a comfortable retirement is a tricky process that requires careful planning; a few bad moves can cost you dearly in the long run. Here are six common missteps:

1. Not having a plan: A third of adults have no financial plan for retirement, according to a recent survey conducted for TD Ameritrade. Of the remainder of those surveyed, 46 percent said they have a written retirement plan, and 20 percent said they have a plan in their head. "So many people who have undersaved c...Read more...

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