About Bob Williams

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So far Bob Williams has created 104 blog entries.

The Alarming Growth of Elder Bankruptcy

By |2019-10-14T12:04:03-04:00October 14th, 2019|Financial Planning, Retirement|

Being elderly in America has more than its share of issues—affording proper healthcare, being forced to work much longer because of the need for health insurance or not having saved enough for retirement. Now, throw one more financial demon into the mix. More and more elders are being forced into bankruptcy. In 1991, elder bankruptcies made up 2% of total [...]

Roth IRA Conversion Traps to Avoid

By |2019-10-10T14:08:59-04:00October 10th, 2019|Financial Planning, Retirement|

Since the Roth IRA was created by the Taxpayer Relief Act of 1997, it’ been an appealing addition to retirement planning. While contributions to a Roth are not tax-deductible, the trade-off is tax-free and penalty-free withdrawals after you cross the age of 59 ½. The withdrawal benefit is one reason many people consider converting their traditional IRAs to Roth IRAs. [...]

Medicare: Don’t Set It And Forget It

By |2019-10-02T08:37:56-04:00October 2nd, 2019|Financial Planning, Retirement|

It may be one of the biggest misconceptions people have about Medicare—thinking that when they’re eligible they can enroll and then they’re set for life—set it and forget it. Nothing could be further from the truth. Never changing your Medicare plan can be a costly mistake. Every year, insurance companies make changes to the Medicare plans they offer. Those changes [...]

The Last Piece of the Estate Planning Puzzle

By |2019-09-24T12:14:33-04:00September 24th, 2019|Estate Planning, Financial Planning|

You’ve worked hard to get your estate plan in place. The appropriate documents have been created and signed. You’ve named the person who’ll carry out your final wishes. But have you completed the final piece of the estate planning puzzle? If this last piece is in place, it will make it substantially easier for your executor or trustee. The last [...]

It’s Open Season on Taxpayers and You are the Target

By |2019-09-09T12:19:08-04:00September 9th, 2019|Financial Planning|

Hunting season is open again and you’re the target. According to the Internal Revenue Service, there is a new IRS impersonation email scam trying to con you out of your personal information with the end game of stealing your identity. There are variations of what appears in the email subject line, but you may see phrases such as, “Automatic Income [...]

Do You Have Your End Of Life Documents?

By |2019-08-28T16:16:26-04:00August 28th, 2019|Estate Planning, Financial Planning|

No matter your belief structure, or whether you’re reluctant to admit your own mortality, it’s a fact that none of us will live forever. And since no one knows if their demise will happen quickly or be proceeded by a lengthy illness, it’s good to be as prepared as possible for your care and for the disposition of your estate. [...]

Are Your Finances Making You Sick?

By |2019-08-20T21:27:04-04:00August 20th, 2019|Financial Planning|

If you’re like a majority of Americans, dealing with your finances is stressing you out and wreaking havoc on your health. That’s the conclusion of a new report that asked people’s opinions about their money and their financial outlook. Of the 1000 people surveyed, about 60 percent said managing their money affected their mental health and 56 percent said it [...]

Healthy People Need to Save More for Retirement

By |2019-08-20T08:42:05-04:00August 20th, 2019|Markets|

It sounds crazy, but if you’re healthy you probably need to save more for retirement than people with a battery of health issues. Why? Statistically, people who are healthy will live longer. That means more years paying for healthcare in a system where costs continue to increase exponentially. So, the longer you live the more money you have to have. [...]

The Lump Sum Distribution Monster

By |2019-08-19T12:38:54-04:00August 19th, 2019|Financial Planning, Retirement|

It’s the end of an era, at least for Baby Boomers. Some have already retired; many more can see the finish line of their working years. For Boomers with highly appreciated company stock in their 401(k) a major decision is whether to do an IRA rollover, leave the money in the employer plan, or use the lump-sum distribution tax break [...]


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