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Thompson Law, PLLC

Estate & Business Planning Attorneys in Sioux Falls, South Dakota

605-362-9100
Estate Planning Attorneys Licensed in Iowa, Minnesota, Nebraska and South Dakota
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Tax Tips after New Year

February 6, 2019 by Academy of Estate Planning Attorneys

The ball has dropped in Times Square and we’ve bid farewell to 2018. But there are still a few things we can do to adjust our tax liability for 2018 before filing tax returns on April 15. First, you’ll need to organize all your tax records. That way, you’ll have some idea of what your tax liability might be. After you’ve organized your tax records, if you find you will owe money, there are a couple things you can do. You can contribute to your IRA for 2018. That’s right, even though it’s … [Read more...] about Tax Tips after New Year

Filed Under: Legal Education, Estate Planning Tagged With: 401(k), IRA, retirement, estimated tax withholding, New Year, tax tips

6 Important Estate Planning Considerations – Part 5: Retirement Assets

June 20, 2018 by Academy of Estate Planning Attorneys

This is part of a series of 6 blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs. The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into consideration the potential for future Long-Term Care (“LTC”) needs. The third article focused on the differing needs of the … [Read more...] about 6 Important Estate Planning Considerations – Part 5: Retirement Assets

Filed Under: Legal Education, Estate Planning Tagged With: retirement, Roth IRA, estate planning, 401(k), IRA

6 Important Estate Planning Considerations – Part 2: Long-Term Care

May 23, 2018 by Thompson Law

This is part of a series of 6 blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs. Often, when people think of “estate planning” they think it’s a task only for what happens after death. While an estate plan certainly deals with the distribution of assets at death, it also is about preparing for the complexities of life. The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the … [Read more...] about 6 Important Estate Planning Considerations – Part 2: Long-Term Care

Filed Under: Legal Education, Estate Planning Tagged With: Medicaid, estate planning, trust, retirement, Medicare, insurance, Long-Term Care, LTC

Retirement is Complicated

May 9, 2018 by Carolyn Thompson

Many factors go into retirement decisions. When should you retire? Where should you retire? Etc. Family and personal factors are perhaps the most important of these considerations. Where do your children, grandchildren, and friends live? Where do you have roots? What location has the weather and scenery you enjoy? How are you feeling? Financial issues are only one factor in choosing a retirement location. Depending upon the person, it may loom large, or it may not be a significant factor at … [Read more...] about Retirement is Complicated

Filed Under: Estate Planning, Legal Education Tagged With: estate planning, taxes, healthcare, retirement

Retirement: It’s not Just About the Money

May 2, 2018 by Thompson Law

Many factors go into retirement decisions. Often, people are stressed over whether they’ll have enough money or other resources to retire. That’s certainly one factor in retirement. And, given the savings statistics, this might be a factor contributing to retirement stress. According to a survey done in 2013, the mean amount of retirement savings for a family between 56 and 61 years of age was only $17,000. Here’s a link to an article based on the survey. But, many financial professionals … [Read more...] about Retirement: It’s not Just About the Money

Filed Under: Legal Education, Estate Planning Tagged With: estate planning, retirement, psychology

Age-Related Retirement Milestones

April 11, 2018 by Carolyn Thompson

Written by: Stephen C. Hartnett, J.D., LL.M. There are many milestones in retirement. Financial advisers might advise that you achieve certain financial benchmarks by specific ages or stages in your life. They might advise that you have a certain multiple of your salary by specific ages. Or, they might advise having a nest egg of a particular size before you retire. Here’s a retirement calculator that might help you determine your progress as you plan for retirement. But, there are certain … [Read more...] about Age-Related Retirement Milestones

Filed Under: Estate Planning Tagged With: Medicare, estate planning, 401(k), IRA, retirement, distribution

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Thompson Law, PLLC

Thompson Law, PLLC.
5027 S. Western Avenue
Sioux Falls, SD 57108
Phone: 605-362-9100
Fax: (605) 362-9101

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 12:00 PM

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