All posts by Tom Lofton
Why So Many Pastors Don’t have an Estate Plan
Passport? Check. Airline ticket? Check. Hotel reservation? Check. After careful planning, you’re ready for vacation! However, have you taken more time preparing for a vacation than your estate plan
Continue readingThere are Certain Financial Areas that need to be Taken Care of Before the End of the Year
New Year’s Eve is far away. However, it’s never too early to organize your finances for the end of the year. Do it while there’s still plenty of time to increase your retirement nest egg, lower your taxable income and avoid tax penalties
Continue readingCelebrity “Fail” Series…Fail #2…How Frank Sinatra Jr. Failed at Estate Planning
This is the second in our “Celebrity Fail Series” that talks about how celebrities failed to do the proper planning for their estates. Besides having some great entertainment value, there are some important lessons that can be learned from some of the most recognized celebrities.It also demonstrates that effective estate planning isn’t about having the […]
Continue readingWhy You Need a Last Will and Testament
Earlier this month, news outlets reported that Aretha Franklin, a Memphis native, died without a will. That fact seems important, but what good does a will actually serve
Continue readingAre You and Your Retirement Investments Prepared for “Market Correction?”
The older the current bull market gets, the more stories you’re likely to read about how this is an awful time to retire
Continue readingDigital Accounts Needs to Be a Part of Every Estate Plan
Digital assets, including banking and investing accounts, e-mail accounts, photos, blogs, bitcoins and money accounts, such as PayPal, are usually password protected. Some of them have real value and others might have sentimental value to heirs
Continue readingCelebrity “Fail” Series… Fail #1…How Prince Failed at Estate Planning
In a world where people envy the lives of celebrities, there are some realities that might not make you quite so envious. One of these areas is Estate Planning. When we think they have it all together we often times discover this is not necessarily the case. When they pass away and their estate plans […]
Continue readingCan You Still Participate in Philanthropy During Your Retirement Years?
Spending generally declines during retirement for most budget items, but charitable giving tends to buck this trend
Continue readingPrepare to Live a Long Life and Enjoy Every Bit of It!
A long life is a great gift, but with the joys come some financial and legal challenges. The earlier you act to address them, the better off you and your heirs will be.
Continue readingRoth IRA Conversions Don’t Work for Everyone
Switching your traditional individual retirement account to a Roth IRA is often a terrific tax strategy—except when it’s a terrible one.
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