Click here to listen! On this episode of Money & Life, I tackle the questions: When do you need, Why do you need, and When to update your estate plan? I brought on a special guest, Tomas M. Flores of the Lara Law Firm who specializes in wills, probates, and estates to answer these tough questions and give us his input on the practical uses of having an estate plan. Most of us think to ourselves, "If I plan for my death, I'm going to die." Or, "My family gets along just fine,

Disclosure: MyLife Financial, LLC is not a Certified Public Accounting firm nor are any of its representatives Certified Public Accountants. You should seek tax advice from your tax professional to adjust for any changes in tax legislature and your personal situation. Woo hoo!! We are a week removed from the tax deadline of our 2017 income tax and to some of our luck, we got an extension for 1 day. Now we are past the first quarter of 2018 and well on our way into the second

With Teacher Appreciation Week a month away and veteran school teachers looking to retire at the end of the school year, the one commonly asked question before they take off and ride into the sunset is, "Should I take a partial lump sum distribution?" In order to answer the question, there are a few things to look at. How Much Can I Take? Generally speaking, up to 36 months of your retirement annuity. If you do not need 3 years of your annuity fronted to you, there are other