Death and Finances
May 30, 2013
In 2006, Kathleen Rehl joined the ranks of the approximately 800,000 women who become widows every year.
She was 60; just about the median age of 59. But she was unusual in one key way: She did not change her financial adviser, something...
April 17, 2013
My mom has recently taken on a task that is exactly as practical as it is morbid: preparing her will.
Actually, she’s preparing wills for...
March 14, 2013
Hmm, that’s a tough one to answer because it can be so different for each individual.
One rule of thumb bantered about is to have 10-15 times your salary in life insurance. So if you make $100,000 per year, then you should have about $1...
February 27, 2013
In November 2012, CNN Money reported that a typical, traditional American funeral costs around $10,000. This of course can vary widely depending on...
February 25, 2013
Scenario: You leave your routine doctor’s visit with a recommendation for additional tests. Concerned about your health, you agree to schedule an appointment for the procedure. The results from the follow up appointment either send you in relief...
February 5, 2013
The Nordstrom’s Anniversary Sale always seems to sneak up on us. Having an emergency fund makes sure we have available cash to fund our impulse buying spree! Ok, maybe that’s what we want to use it for, but you can’t.
An emergency fund is...
January 31, 2013
When Shirlee Smith left one of her four daughters out of her will, she was not trying to be mean.
The Pasadena, California, resident says the 44-year-old daughter she disinherited is a college graduate and has a good job and a husband whose...
January 29, 2013
Not necessarily, but there are some specific moves that can ensure that most assets pass automatically to the spouse. Everything that can be titled jointly -- as in that unwieldy phrase, “joint tenants with rights of survivorship” or JTWROS --...
January 28, 2013
There is not a parent of young children who does not agonize over this decision. Outside of you and your spouse, there is never a perfect choice. One parent thinks his sister would be perfect, even if she lives in a commune outside of Reno. The...
January 17, 2013
Sometimes yes, sometimes no.
Yes, you probably need it if your kids are small. If you died, your husband would have to provide the children with day care until they started school. That might cost $1,000 a month for each of them. Then they’...