Description

Mistakes in Retirement Income Plan and Revocable Living Trust covers the most common — and costly — mistakes Connie Dello Buono sees in retirement income planning and California revocable living trusts, combining both topics into one practical guide.

This builds directly on her earlier guides, Unretiring the Retirees in World of AI in Silicon Valley and Avoid Probate and Protect Your Mortgage, going deeper into the mistakes families actually make.

What’s inside:

• Common mistakes in retirement income plans and revocable living trusts
• Updating your trustee or beneficiary, and key points to remember
• Differences between revocable and irrevocable living trusts, and how a trust converts upon the trustee’s death
• The Medicaid look-back period and Medicaid planning considerations
• Proposition 13 and Proposition 19 property tax implications
• Wealth transfer strategies, Durable Power of Attorney, and how living trusts avoid probate
• Protecting your mortgage with Indexed Universal Life (IUL) insurance
• Common mistakes with retirement income plans: claiming Social Security too early, underestimating healthcare and long-term care costs, ignoring inflation, overspending, poor withdrawal strategies, and failing to diversify
• Maximizing contributions before retirement, Required Minimum Distributions (RMDs), and withdrawal timing and order
• Fixed Index Annuities (FIA), tax-deferred growth, and how much life insurance you actually need
• The Tax Cuts and Jobs Act sunset — wealth transfer strategies to consider before 2026, generation-skipping transfer tax, and who’s affected

A comprehensive resource combining retirement income planning, legacy and estate planning, and wealth protection — the most complete guide yet in Connie’s retirement and estate planning series.

Publication date: June 19, 2025
Language: English
Print length: 146 pages