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How Hard Is Your Money Working?, Elder Law Attorney, Woodstock, GA

Your money should always work for you, but when you’re retired, it needs to work even harder. Help safeguard your retirement by placing demands on your hard-earned cash.

A recent article published in MoneyWatch, “Seven demands retirees should place on their money,”lists these important money demands:

  • Growth: Make sure you still have a growth component in your portfolio. You don’t want to be faced with trying to live on an income that no longer covers your costs.
  • Safety: Keep your money in a safe place in the care of a reputable custodian who is not part of the investment company. Two words of warning: Bernie Madoff.
  • Tax Efficiency: Remember what Mom used to always say, “It’s not about how much money you make, but how much money you keep.” She was right – after-tax cash flow is a must.
  • A Healthy Long-Lasting Income: Ask your financial planner to conduct a cash-flow analysis to see how your money shakes out in five, ten, twenty and thirty years. Get help creating a plan that takes taxes, healthcare costs and inflation into consideration and one that increases the probability that you’ll receive an income for the rest of your life.
  • Control: Have some control over the access to your investments. What if there’s an emergency?
  • Access: Set some money aside for an emergency fund or rainy day fund, in case you have an unforeseen expense.
  • Effective Estate Planning: Make sure that your estate plan lets your loved ones inherit your estate in the least-taxed, most cost-efficient way.

Make your money work hard! Speak with a qualified estate planning attorney.

Reference: MoneyWatch (August 3, 2015) “Seven demands retirees should place on their money”

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I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce

Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!

- Marcia

I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!

- Ben