Online resource center to help you explore these key issues, and others, regarding your estate.

Practice Areas

Mr. Miller has many years of experience in designing and implementing a comprehensive variety of Trusts, Wills, and other estate planning documents, as well as settling estates in the most expedient and appropriate method. Further, he counsels and assists clients on becoming eligible for VA benefits and Medi-Cal.

Learn more
VA Pension/Aid & Attendance/Medi-Cal

Mr. Miller has been active in the area of VA Pension and Medi-Cal for well over a decade. He uses various specialized types of Trusts as well as non-trust strategies to gain eligibility for his clients and save the family money.

Learn more
Probate & Estate Administration

Mr. Miller has been settling estates (both simple and complex) for well over 40 years. The starting point is always to create a strategy to settle the estate in the most efficient manner possible with a minimum of taxes. Often times the strategy created allows the family to bypass Probate Court proceedings.

Learn more

Trouble with Planning for Retirement? Here are Some Helpful Tips…


By merv,

  Filed under: Blog, Senior Resources

If you’re like most of us your portfolio, especially your IRA and 401(k), have probably taken a large haircut. Even worse, if your portfolio included any significant chunk of financial services stocks and bonds (yes, I’m looking at you Bank of America, Citi Group, Morgan Stanley, et al.) your portfolio probably got more of a buzz cut than a slight trim.

The point is, how do we try to fund our retirement but still have any money left on which to live? Well, I’m not a money manager so, unfortunately, I don’t have any hot stock tips or financial advice that will instantly resuscitate your dying portfolio.  Nevertheless, I came across this Money Matters article.  It may be short and sweet but it has some great advice on basic ways to maximize your 401(k), particularly if you’re 50 or older.  It also has some basic advice regarding social security. For example, delaying receipt of social security payments if you don’t need them yet because you’re still working can increase the SS payments up to 7-8% for every year you delay taking SS payments.

Unfortunately, for those in their 80’s who never funded their retirement or their savings for assisted living or long term care, those ideas won’t help.  And of course, many who are in their 50’s now are helping support their parents.  If your parents need assisted living, in home care, or skilled nursing help, the Veterans Aid & Attendance Non service Connected Pension can be helpful as can Medi-Cal & Medicaid.  And this can leave you enough money to fund your retirement.

I know the economy is still dormant and I’ve heard from colleagues it may stay this way for at least a few more years. While these are tough times, the point is you do have options and there are ways to plan so you have enough money with which to retire.

Comments are closed.

About Living Trusts

About Living Trusts is hosted by the Law Offices of Merwyn J. Miller, as your online resource center to help you explore these key issues, and others, regarding your estate.

Merwyn J. Miller, J.D.

  • Board Certified Specialist in Estate Planning, Trust & Probate Law
  • Co-Author of legal text book and of “Don’t Go Broke in a Nursing Home
  • Teacher of law courses at public and private colleges
  • Continuing Education Instructor for attorneys
  • Columnist for largest regional newspaper in San Diego County and professional journals for 15 years, Contributing author to the book “In Your Service: The Veteran’s Friend”
  • Masters Degree in Financial Services - Estate Planning
Amazon
Journals
News
Testimonials

Previous Next
Free Consultation

Call 760-436-8832


Math Captcha 65 ÷ 65 =
In light of recent events, we have closed our physical office and our staff is continuing work remotely. We have web conference and telephone available to our clients. For more information, please reach out to us today.Contact us