April 2020

The Coronavirus outbreak has shaken the world. Financial planning and estate planning have become a central focus for those concerned that they, or someone they care for, will contract the virus and—potentially—lose control of their affairs.  Many clients’ largest asset are their IRAs and 401(k)s. For years, when someone turned 70 ½, they would be forced to take a distribution from their...

In the month, Coronavirus has swept the United States. Naturally, estate planning has become a central focus for most people. It’s important to make sure your plan is up to date.  We have had clients call our office—concerned about their plans—concerned they aren’t properly prepared. We would like to share eight tips for your estate plan during these next few months: Make sure you know where...

We hope you and your loved ones are safe and healthy during these uncertain times. We understand how scary the world is right now.  These last couple of weeks have been challenging and unfortunately, the COVID-19 pandemic is likely to remain so for the foreseeable future. CunninghamLegal remains committed to continuing to serve you – our client.  Although each location is now closed to the...

Coronavirus (COVID-19) has changed the world. The first case was confirmed on January 20,—a thirty-five year old man who had returned home from Wuhan, China. On January 31st, President Trump declared a public health emergency. By March 12th, there were over 1000 cases in the United States. On March 19th, that number had grown to 10,000 cases in the United States. The United States has...

The Medi-Cal program in California is a health care assistance program that provides payment for a variety of medical services to those with limited income. Patients who receive Medi-Cal benefits usually only pay a small co-pay for health care or nothing at all. The program also supplies Medi-Cal waivers for supplementary services. What are Medi-Cal Waivers? Medi-Cal waivers provide additional...

Contributing to your IRA is one of the best ways to secure your financial future. The investment into this interest compounding, and tax-deferred or tax-free environment, comes with positive impacts on your retirement savings. Contributing to your IRA also provides tax benefits. You can deduct them on your tax return depending on how much income you make, whether you or your spouse are...

Retirement planning is one of the most important financial goals for your future. When done right, you’ll be assured freedom and financial independence for later in life. When done wrong, you’re facing a future full of stress and worry. To avoid this outcome, consider the ten worst retirement planning mistakes below, and make moves now to avoid them! #1. Not Having a Retirement Plan in Place...

On January 1, 2020, the SECURE Act (Setting Every Community Up for Retirement Enhancement) went into effect. The bill is the most significant reform to retirement legislation in decades and dramatically changes how your IRA and retirement benefits are treated post-death. The most immediate impact of the bill will be felt by those nearing or in retirement.  For most people, a retirement account...

You or your loved one may be at a point in life where you’re considering moving into an assisted living facility. This choice requires a significant investment, so it’s important to pick one that’s ideal for you. To help you make that choice, we’ve included the right questions to ask when choosing an assisted living facility below. #1. Does it meet my needs? Think about what you or your loved...

Recently lost a loved one? Please know that you’re not alone. We’re here to help you through this difficult time and guide you on the next steps to take. We also encourage you to reach out and ask for help from family and friends in making arrangements for what comes next. This network of support is often more than happy to prepare food, look after children, help with arrangements, or simply...