The end of the year is quickly approaching which means Carolyn’s favorite season will be here – tax planning! Be sure to let us know about any events that may affect you from a tax perspective. For those of you who have required distributions from your IRA – Fidelity will send out a notice with the amount of the distribution. Since we take care of this for you, don’t worry about that notice!
Our hearts are going out to Texas in the aftermath of Hurricane Harvey. We have two months more of hurricane season, and we are keeping our fingers crossed that the rest of the year is quiet. If you haven’t done so, take the opportunity to take pictures of your home, all your belongings, and receipts for the more expensive items and upload them to the cloud. Your portal is a great place to store these pictures.
Proactive Aging Plans
Carolyn’s “project” for the last couple of years has been to come up with a better process for helping our clients prepare for aging – financial decision making, living transitions, health care decision making, and driving transitions are significant challenges of aging that can be very expensive if not planned for correctly. Many of our clients have graciously allowed her to experiment with them to develop tools to help with these processes. The results have been fantastic!
As a result of these efforts, Carolyn is excited to announce the release of an online application to help people plan for aging. “Whealthcare Planning” was co-founded by Carolyn and Chris Heye, and the application resulted from the collaboration of a number of people with extensive experience in dealing with aging issues.
You can read about the team here
We are working with each of our clients to proactively plan for the transitions of aging starting with older clients first because they theoretically will need help sooner. Our goal is to have plans in place for all our clients within the next year. If you want to read more about the application, Joel Bruckenstein, the “financial tech guru”
wrote a fabulous review in Financial Advisor Magazine here
We really appreciate the help our clients gave to this effort as we work not only to deliver great service at Life Planning Partners, but also as we work to improve the financial planning profession.