 If you’ve done any amount of planning for your estate, you may have documents like a will, a trust, a financial power of attorney and even a living will. There’s one other document, though, that could be a critical piece of the estate-planning puzzle.
It’s a medical power of attorney, which is a legal document granting medical decision-making authority to your trusted agent. A medical power of attorney differs from a living will in that the medical power of attorney gives your agent the ability to make all of your health care decisions. A living will provides guidance only with regard to lifesaving measures in specific situations. ARNOLDS PARK, Iowa (June 23, 2016) – As an extension to his commitment to service and placing the needs, goals and desires of others first, Carstens Financial Group is proud to announce the return of the second-annual Carstens Financial Group Charity Pro-Am.
This year’s Pro-Am, benefiting the Wounded Warrior Project (WWP), will be held August 8 and 9, 2016, at Emerald Hills Golf Club in Arnolds Park. The Pro-Am will feature professional golfers from The Dakota Tour, a 19-event professional golf tour played in the Midwest states of Minnesota, Iowa, Nebraska, Wyoming and North and South Dakota. Players will be paired with up to 80 amateurs during the Pro-Am.  Thinking of tapping into your 401(k) to help pay for large expenses, such as college tuition or medical bills? Generally speaking, it’s a good idea to look for other sources of cash before pulling funds out of your 401(k). Your 401(k) plan is meant for retirement. If you pull money out before you retire, you may lose out on tax deferral and investment growth.
You also may face taxes and an early withdrawal penalty. Your 401(k) account is tax-deferred, which means you don’t pay taxes on your growth until you make a withdrawal. It’s tax-deferred because it is designed for retirement savings. If you take money out before retirement age—designated as age 59½ in 401(k) plans—you could pay a 10 percent penalty on top of income taxes.  When it comes to planning for retirement, there’s a lot of information available. From financial media to financial professionals to even your own friends and family, there is no shortage of retirement planning advice.
Unfortunately, not all advice is good advice. In fact, there are many persistent retirement-related pieces of wisdom that may not be right for you and your goals. Below are four common retirement planning myths. Think carefully before you make one of these assumptions a component of your retirement plan. |
Kirt CarstensCarstens Financial Group focuses on providing comprehensive asset management, estate planning and life insurance solutions. Allow us to help you secure your financial future. Archives
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Kirt Carstens, CLU, ChFC
Investment Advisor Representative |
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Securities and Advisory Services offered through CreativeOne Securities, LLC Member FINRA/SIPC and an Investment Advisor. Carstens Financial Group and CreativeOne Securities, LLC are not affiliated.
This information has been provided by a Licensed Insurance Professional and does not necessarily represent the views of the presenting insurance professional. The statements and opinions expressed are those of the author and are subject to change at any time. All information is believed to be from reliable sources; however, presenting insurance professional makes no representation as to its completeness or accuracy. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
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Securities and Advisory Services offered through CreativeOne Securities, LLC Member FINRA/SIPC and an Investment Advisor. Carstens Financial Group and CreativeOne Securities, LLC are not affiliated.
This information has been provided by a Licensed Insurance Professional and does not necessarily represent the views of the presenting insurance professional. The statements and opinions expressed are those of the author and are subject to change at any time. All information is believed to be from reliable sources; however, presenting insurance professional makes no representation as to its completeness or accuracy. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
Check the background of an investment professional. | Privacy Policy