by Nick | Nov 16, 2022 | Maggard Elder Law
SOFA Financial Non Profit http://www.sofausa.org/speakers/nick%40maggardelderlaw.com The Society for Financial Awareness (SOFA) is a 501(c)(3) non profit public benefit corporation. I have had the opportunity and privilege to work with SOFA and various prominent...
by Nick | Nov 15, 2022 | Maggard Elder Law
International Trusts and Irrevocability Imagine never having to worry about a Lawsuit again? Civil litigation has become big business with a legal system that encourages plaintiffs, who risk nothing, to sue anyone who may appear to have the ability to pay. I have...
by Nick | Dec 16, 2020 | Maggard Elder Law
Social Security One way you can minimize taxes on Social Security is by lowering your other income, especially investment income. But you should be aware that municipal bond interest, which is usually tax free, counts as income for the purpose of calculating the tax...
by Nick | Nov 17, 2020 | Maggard Elder Law
Estate Planning with IRAs Let’s talk traditional IRAs. A traditional IRA, or individual retirement account, is a personal retirement account that offers certain tax benefits. Number one, contributions may be tax deductible. Number two, while your money is inside the...
by Nick | Oct 26, 2020 | Maggard Elder Law
Procrastination Everybody has an estate plan. If you don’t createone, on purpose, through carefully drafted wills,trusts, and other documents, then your state lawswill step in with a plan of its own. These laws, alsocalled intestacy, dictate who will get your...
by Nick | Oct 23, 2020 | Maggard Elder Law
Equal distribution to your heirs Most people have great love for all of their children,and they want them to share equally in their estates.An admirable intent, but “equal” is not the samething as “equitable.” While dozens of examplesexist, a common problem, often...
by Nick | Oct 9, 2020 | Maggard Elder Law
What Questions should you be asking about Qualified Money? Most retirees will rely on qualified money. It means that besides Social Security, almost everyone is going to have to rely on and efficiently utilize their IRAs, 401(k)s, 403(B)s, etc. When it comes to your...
by Nick | Sep 23, 2020 | Maggard Elder Law
WOMEN AND WEALTH What women should know when planning for retirement. If you haven’t done so already, take a minute and think about what your retirement looks like. What does it feel like? Truly try to picture it. There are several questions you should ask yourself....
by Nick | Sep 14, 2020 | Maggard Elder Law
Politics Regardless of where you stand when it comes to politics, I think it’s safe to say we all agree that the code is overly complicated. Even with the recent tax reform, it can still be confusing. Think about it, even Albert Einstein, who helped develop...
by Nick | Aug 28, 2020 | Maggard Elder Law
PENSIONS Imagine that babies being born today may just not live to 100 years old or even 125 years old. Imagine if they were to live to 142 years old. But let’s look at you folks. If you’re a male age 65 today, you have a 50% chance of living to at least 85...