Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2021 is just starting, it’s not too early to think about planning for whatever it may bring your way. by Steve Hartnett As 2020 draws to a close and a new year dawns, we need to think of…tax planning! Some years Congress tweaks the laws more than other years. While 2020 held plenty of surprises with coronavirus and an election, it was a relatively quiet year for legislative … [Read more...] about Tax Planning for 2021
Financial Planning
How Old Should You Be When You Retire?
Our #1 goal is your financial security. Oklahoma City elder law attorneys can help you create a comprehensive retirement plan that will ensure you are financially secure as a senior. It is imperative that you take proactive steps to prepare for a financially secure retirement because you want to be able to support yourself without worry during your golden years. Parman & Easterday can assist you with setting retirement savings goals, making a plan to invest in accounts that … [Read more...] about How Old Should You Be When You Retire?
An Elder Law Attorney Helps You Understand Sources of Income in Retirement
An elder law attorney at the law firm of Parman & Easterday provides help with many more issues than most people realize. For example, one of the services that our knowledgeable legal team can provide is assistance making a retirement plan. When you create a retirement plan, you can take control over ensuring you have financial security during retirement. This can be very important, because many people have too little income during their golden years and they … [Read more...] about An Elder Law Attorney Helps You Understand Sources of Income in Retirement
Overland Park Elder Law Attorneys Explain Things to Consider Before Deciding When to Retire
Overland Park elder law attorneys will help you do many important things to prepare for the future. One key thing an attorney will help you do is make sure you have the right plans in place for retirement. Parman & Easterday can help you identify goals for retirement savings throughout your career. We explain the rules for using tax-advantaged accounts to make it easier to build a retirement nest egg so you can retire when you want. We help you put plans in place to protect … [Read more...] about Overland Park Elder Law Attorneys Explain Things to Consider Before Deciding When to Retire
Understanding How Social Security Works to Fund Your Retirement
Elder law attorneys provide you with assistance creating a retirement plan. Making a plan for your retirement is vitally important because most workers today do not have a company defined benefit plan to provide guaranteed income from an employer after retirement. As a result, workers end up dependent upon Social Security and on their own savings to pay for their costs of living in their old age once they are no longer in the workforce. Parman & Easterday will assist you … [Read more...] about Understanding How Social Security Works to Fund Your Retirement
What To Know About Funding Retirement With Social Security Benefits
Oklahoma City elder law attorneys can provide assistance in creating a retirement plan that allows you to have enough money to live comfortably during retirement. Making plans and implementing them as early in your career as possible is important because far too many seniors have too little money saved and end up struggling to live on Social Security benefits that are insufficient. Parman & Easterday provides personalized help with retirement planning. Our Oklahoma … [Read more...] about What To Know About Funding Retirement With Social Security Benefits
Factors To Consider Before Retirement
Oklahoma City elder law attorneys assist you in planning for a secure retirement and aid seniors who are getting ready to retire. Retirement can present financial challenges so it is best to be prepared by making plans to save money throughout the course of your career. Parman & Easterday can help you use tax-advantaged accounts the such as IRAs to protect your wealth. It's important to ensure you are financially ready before you decide to retire. If you are thinking about … [Read more...] about Factors To Consider Before Retirement
Why A New Job Means It Is Time to Talk with an Overland Park Elder Law Attorney
If you have a new job, you may want to think about talking to an Overland Park elder law attorney about your financial situation and your future planning. A new job is a time of new beginnings in your life. Maybe you have received a promotion and are earning more income, or maybe the new job offers different benefits than at your old position. An attorney can help you address the financial issues and opportunities your new position creates. Parman & Easterday has extensive … [Read more...] about Why A New Job Means It Is Time to Talk with an Overland Park Elder Law Attorney
Five Questions To Help You Determine If Your Assets Are At Risk
As Oklahoma City living trust attorneys, we offer assistance with the creation of trusts as part of a legacy plan or as part of an asset protection plan. You work hard to acquire money and property, and it is important that you get the right legal help to ensure that you mitigate the risks that could cause you to experience financial loss. Far too many people do not realize they need an asset protection plan and that not having such a plan in place could jeopardize your future and your ability … [Read more...] about Five Questions To Help You Determine If Your Assets Are At Risk
Can I Invest In An IRA If I’m Young?
Oklahoma City elder law attorneys can assist you in creating a financial plan aimed at providing a secure retirement. Unfortunately, most Americans are financially ill-prepared for retirement. In fact, Investopedia indicates that the average 30-year-old should have a year's salary saved for retirement. However, the reality is that most 30-year-olds have well below a year's salary saved for retirement. By the time people are in their 40's, they are … [Read more...] about Can I Invest In An IRA If I’m Young?
