Joe Schultz Law

04/18/2022

I hope that your Easter holiday was filled with joy! 🐇🐣

04/07/2022

Building wealth is just one component of building a healthy estate. Here is some out of the box advice. What do you think about it? Too risky? 🤔

To design your ideal retirement savings portfolio, you’ve got to buck the status quo. Relying on the same old financial advice – including blindly pumping money into a 401(k) – could be a mistake. Think outside the box instead.

04/04/2022

I am on the hunt for reviews! Can you help me out by leaving a review or recommendation? 🤗

03/29/2022

"Previous columns have mentioned that estate planning laws have changed significantly since 2010. Any estate document created before that point needs to be reviewed and updated. Your previous attorney can’t do the updating, and another lawyer might be wary of being held responsible for a document they didn’t draft."

Estate planning laws have changed significantly since 2010. Any estate document created before that point needs to be reviewed and updated.

03/25/2022

Retirement is expensive? Sacrifice now for in the future?

"Retiring doesn’t mean you will spend less money.

In fact, people often underestimate how much their ideal retirement will cost, according to author Dan Ariely, a professor of behavioral economics at Duke University."

Watch this great video to learn what percentage you will actually need to ensure you have set aside plus whatever you would like to have left over for your heirs.

People underestimate how much is needed for retirement to live comfortably, according to Dan Ariely, a professor at Duke University. Here's how much is needed.

03/24/2022

It's wedding season! Couples spend countless hours and thousands on their special day but don't forget the value in reevaluating or starting your estate plan.

Some helpful hints on things to take into consideration:

1. Consider if a prenuptial is relevant - especially when one spouse has significant assets or earnings.

2. Update your existing plan - should your spouse be given financial or health care powers of attorney or added as the beneficiary?

3. Consider real estate - especially if you aren't covering this in the prenup. You will want to outline who has the right to live in the property etc

4. Manage your life insurance plans to ensure that the other would be taken care of should you pass.

5. Update your beneficiaries - EVERYWHERE! This is so very important. Even if you have updated your trust or will you need to update beneficiary designations separately.

03/22/2022

As your retirement goals and plans change you want to be sure to keep your estate plan updated. Best practice is about every 3-5 years or whenever you have a significant change/life event. In the meantime, here is a helpful article on ways you can start planning ahead!

You're not stuck with just Social Security and your savings. See which of these strategies can generate more cash for you.

03/18/2022

"NEW YORK CITY (WABC) -- The annual St. Patrick's Day Parade made its in-person return in New York City Thursday after a virtual celebration due to the COVID-19 pandemic, but the event stepped off without a familiar face.

The world's largest St. Patrick's Day Parade marched up Fifth Avenue, but Cardinal Timothy Dolan was not able to officiate the annual St Patrick's Day Mass that proceeds the parade.

He is in St Louis, mourning the death of his mother, and newly installed Diocese of Brooklyn Bishop Robert Brennan took his place.

In an acknowledgement of the past two years, the parade held a moment of silence at noon outside St Patrick's to "mark the 20th anniversary of 9/11 and the victims of the pandemic."

Parade participants faced south, towards the World Trade Center site, and members of the FDNY, NYPD, Port Authority, and 69th Regiment bands played "Taps" and "Amazing Grace."

The moment was also held in recognition of the people of Ukraine."

The world's largest St. Patrick's Day Parade offered hope that the worst of it may be over. The marching bands and spectators were back, as is -- according to Mayor Eric Adams -- New York City.

03/15/2022

For those of you that would like to provide support...

The Russian invasion of Ukraine began more than two weeks ago. Here's how you can help the Ukrainian people.

03/10/2022

What mistakes should you be avoiding when estate planning? 🤔 Here are some of the big ones... 👀

These attorneys have seen it all, and they want you to avoid these costly legal and financial problems for your family's sake.

03/08/2022

While this is from another state I thought it was relevant to post since we are such a large farming community.

Successful estate planning and farm transitions do not occur overnight. They require thoughtful contemplation over a period of time, and in most cases, help from outside the farm.

03/01/2022

Has healthcare got you putting off retirement? 😬🤔 Here are some great tips on how to make the most of your options so healthcare won't prevent early retirement!

Could this hold you back from leaving the workforce early?