by Munn Gray & Associates | Jun 8, 2024 | Financial Planning
Ways to Avoid Probate Probate is the legal process of distributing a person’s assets after they pass, according to their will or state laws. Probate can be lengthy and expensive, so many individuals try to pass on as much of their assets outside of probate as...
by Munn Gray & Associates | May 4, 2024 | Financial Planning, Retirement
Around 70% of individuals aged 65 or older will eventually require some form of long-term care. Moreover, the proportion of the population aged 65 and older is expected to increase from 17.3% to 22% by 2040. Factor in the aftermath of the Covid-19 pandemic and the...
by Munn Gray & Associates | Apr 2, 2024 | Financial Planning, Retirement
The Drawbacks of Early Social Security Benefits Many people jump to the opportunity of taking their social security benefit the second that they are eligible. While we all have free will and can do as we please it is important to not rush to make this decision as it...
by Munn Gray & Associates | Mar 1, 2024 | Financial Planning, Retirement
A backdoor Roth IRA serves as a clever loophole for individuals whose incomes surpass the limits set by the IRS for direct Roth IRA contributions. Essentially, it involves contributing to a traditional IRA with already-taxed funds and then converting that contribution...
by Munn Gray & Associates | Nov 30, 2023 | Financial Planning
Here we stand, on the threshold of the final month of the year, poised to bid adieu to the experiences and lessons of the past and extend a warm welcome to the promises and possibilities of the future. As we embark on this transition, let’s not only reflect on...
by Munn Gray & Associates | Oct 6, 2023 | Financial Planning, economy
Do not give up on your retirement goals if you find you have entered middle age with little to no retirement savings. Sure, it may be harder to reach your retirement goals than if you had started in your 20s or 30s, but here are some strategies to consider: Reanalyze...
