Check out our November edition!
November 2025
WORKING FAR PAST RETIREMENT AGE PLANNING AHEAD Estate Planning | Probate | Guardianships for Your Life Chapters
Estate Planning A longer working life can mean a more complex financial picture. Assets may grow, family circumstances may shift, and planning documents may need to be updated accordingly. • Updating wills and trusts. As wealth or family circumstances change, your estate plan should reflect current realities. Review all estate planning documents every five years or after major life changes. • Business succession. If you run a business past retirement age, clarify succession plans and how ownership will transfer. Coordinate business succession with estate planning to avoid disruption. • Powers of attorney and health care proxies. These documents can prove vital if sudden incapacity strikes mid-career. Keep them updated. • Legacy vs. liquidity tension. Spending down assets for your own needs versus leaving an inheritance can require a careful balancing act. Retirement today is less about a fixed age and more about personal circumstances. The shifting reality of work creates new planning challenges that traditional retirement advice often overlooks. Working later in life changes how you should plan
Nearly half a million Americans over the age of 80 are still working, while the 75-plus demographic is the fastest-growing segment of the workforce. For some, the choice to keep working is about staying active and engaged. For others, it’s necessary amid rising health care costs, a longer life than their savings anticipated, or the need to support a spouse or loved one. But whether out of necessity or passion, working into your 70s, 80s, and even beyond comes with financial, health care, and estate planning implications. If you — or a parent, spouse, or grandparent — are still in the workforce at this stage of life, consider the following. Financial Planning and Health Care Earning wages in your later years can affect how your income is taxed and how retirement benefits work. • Tax impacts of earned income. Additional wages can push Social Security benefits into taxable territory. Up to 85% of your Social Security may be taxed depending on your combined income. Review your tax situation each year to anticipate Social Security taxation. • Required Minimum Distributions (RMDs). Even if you’re still working, once you turn 73, RMDs from individual retirement accounts (IRAs) and most other retirement accounts are mandatory. The only exception may be a 401(k) from a current employer. Coordinate withdrawals from retirement accounts with ongoing income. • Pension offsets or reductions. Some pension plans reduce benefits if you earn income past a certain age or continue working past retirement age, while others allow continued accrual of credits. Check with your pension administrator or human resources department to understand any reductions or offsets. • Employer coverage vs. Medicare timing. Staying on an employer plan can affect when you enroll in Medicare Parts A and B. Missing deadlines can lead to penalties or gaps in coverage. Confirm Medicare enrollment and coordinate with employer benefits.
your finances, health care, and estate. Careful planning is necessary at every age. But extra or different planning may also be necessary when working later in life. - Kim Boyer
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Small Questions, Big Connections The Interview That Builds a Grand Relationship
Most grandparents want nothing more than to spend time with their grandchildren, get to know them, and foster a close and positive relationship. But it’s not always easy to carve out time, especially if the grandchild is shy or lives on the other side of the country. So, how can grandparents better connect with their grandchildren while learning more about them and their interests? Have an interview! The first thing to do is determine the best interview method. It depends on the children’s ages, preferred methods of communication, and the distance between them and their grandparents. Some can sit together in the same room, while others will need to use video calls,
phone calls, or letters sent by mail or email. Once you determine the best mode of communication, it’s time to put the questions together. The questions should reflect the kids’ ages. You don’t want to ask anything too complicated of a 5-year-old or dig too deeply with a teenager, as they will get uncomfortable. The goal is to learn more about them and their interests, not their deepest, darkest secrets. Younger kids will enjoy answering questions about their favorite colors, games, animals, movies, school subjects, and more. Older kids can handle more detailed questions, relating to their passions, ideal careers, favorite family stories, and values. Keep in mind that you are not there to judge or even comment
on their responses or views. You just want to gather information to establish a stronger relationship. Once you’ve made it through your list, or they’ve grown tired of answering questions, it’s time to flip roles. Encourage your grandchildren to ask questions about your career, your childhood, their parents as kids, family history, your favorite vacations, and life experiences. They might already have questions in mind that they want to ask you! Focusing on stories and things they can relate to will capture their attention best. Learning more about each other will lead to a stronger, more loving grandparent-grandchild relationship!
Thank You for Your Service! Honoring Our Veterans Means Helping Them Plan for Tomorrow
Every November, we get a special opportunity to show our appreciation, support, and respect to those who served when we recognize Veterans Day on the 11th. These men and women have sacrificed so much to protect our freedom, rights, and country. To honor their efforts, many communities across the country
host parades or ceremonies to celebrate and give thanks to those who served or are still serving. We enjoy helping veterans at our office, whether assisting them in creating an estate plan to ensure they and their families are protected or helping establish a long-term care plan for the future. Some veterans or their surviving spouses are eligible for what is often called the Aid and Attendance program. This provides tax-free income to help pay toward the veteran’s or their surviving spouse’s cost of care. It can help pay for assisted living facilities or even at-home care. Not everyone is eligible for Aid and Attendance benefits. To qualify, the
veteran must have served at least 90 days of consecutive active duty service, with one day being during a wartime period. Gulf War veterans must have two years of active duty service. Furthermore, the veteran must have received a discharge other than dishonorable. You must have limited income and assets available and a permanent disability at the time of application, or be over the age of 65. Additionally, you must meet all the essential criteria already listed: being blind, living in a nursing home, or meeting the legal definition for Aid and Attendance. You can apply for benefits online at VBA.gov. To the veterans in our community, thank you for your service!
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Sometimes, the best memories happen without ever leaving the house. In a world of busy schedules and nonstop notifications, slowing down at home with the people you love is more important than ever. However, “family time” doesn’t have to mean sitting silently in the same room, scrolling on separate screens. Here are some fun, creative at-home bonding activities that go beyond the usual board game night. Family Cook-Offs Pick a theme: pizza night, taco bar, or “mystery ingredient challenge,” and split into teams. Whether it’s kids versus adults or a free-for-all, cooking together (and maybe making a mess) turns an ordinary evening into a delicious adventure. You can even offer bonus points for a judging panel and silly chef hats! Indoor Campout Turn your living room into a wilderness escape. String up fairy lights, pull out sleeping bags, and break out the spooky stories. Don’t forget to roast marshmallows over the stove, microwave s’mores, and get the giggles going with a game of Would You Rather? under your blanket fort. DIY Movie Theater Pick a movie, create homemade tickets, pop some popcorn, and let each person take a role: usher, snack stand operator, director of pre-movie trivia. It’s a great experience, especially if pajamas are part of the dress code! The ‘Yes Day’ Challenge Designate a day where each family member gets one “yes,” within reason. Whether it’s choosing dinner, picking a game, or deciding the music playlist for the evening, it’s a great way to give everyone a turn to feel heard and special. Story Time With a Twist Pass around a notebook (or take turns typing) and write a progressive story. Each person adds a paragraph without knowing what the next one will be. The results are usually hilarious and fun and make for great bonding experiences! Beyond Board Games Unplug and Reconnect With These At-Home Family Activities
Pumpkin Dump Cake
Ingredients
• 1 box yellow cake mix • 1 cup coarsely
• 1 (15 oz) can
pure pumpkin
• 1 (10 oz) can
crushed graham crackers or pecans • 1/2 cup toffee bits (optional) • 1 cup (2 sticks) butter, melted
evaporated milk • 1 cup light brown sugar • 3 eggs • 1 tbsp pumpkin pie spice
Directions 1. Preheat oven to 350 F. Coat a 9x13-inch baking pan with nonstick spray and set aside. 2. In a large bowl, add pumpkin, evaporated milk, sugar, eggs, and pumpkin pie spice. 3. Stir to combine and pour into the prepared pan. 4. Sprinkle the entire box of cake mix on top, followed by nuts or graham crackers and toffee bits. 5. Pour melted butter evenly on top. 6. Bake for 45–50 minutes, until the center is set and edges are lightly browned. 7. Serve warm or at room temperature.
Inspired by CookiesAndCups.com
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Inside 1 Working Far Past Retirement Age 2 The Interview That Builds a Grand Relationship Honoring Our Veterans Means Helping Them Plan for Tomorrow 3 Unplug and Reconnect With These At-Home Family Activities Pumpkin Dump Cake 4 Watching Dog Videos Reduces Stress
COCO’S CORNER
Watching Dog Videos Reduces Stress
The weather is getting cooler, and the leaves are changing colors. Mom got so excited when one of the trees in our yard had the leaves turn orange. The kids were too busy watching cute dog videos, but I am sure they sensed Mom’s excitement. Apparently, watching videos of cute animals is good for your health. It can help you feel better by reducing stress and anxiety, and it increases happiness and positive feelings. Some studies show it can lead to lower heart rates and blood pressure.
Now, I think that playing with us real dogs is even better. We are so fun and cute. And we feel happier when we get dog treats! There is a therapy dog that goes to the kids school once a week, and the kids all get so excited to see her. But if you cannot interact with a real dog, a cute video is the next best thing. If you come across a cute animal video, try sharing it with someone to bring them a smile.
Coco
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