Having an estate plan and\u00a0retirement plan<\/a> protects you, but is often a sensitive topic for families. If your child or children count on your wealth as their retirement plan, you may feel even greater pressure to get it right. An estate planning and elder law attorney in Michigan protects your best interests as you age even if what you want conflicts with what your children want. According to a recent article<\/a> by CNBC, a survey by HSBC found many Americans invented a retirement plan “workaround.” They hope to inherit enough money from loved ones to supplement their scrawny retirement income from Social Security and underfunded pensions, 401(k), IRA and other retirement accounts. After the Great Recession, a lot of Michigan baby boomers in their 50s and 60s faced challenges getting full-time work with retirement benefits. Without steady income, it\u2019s hard to save for retirement. The survey of working-age people showed about (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Having an estate plan and\u00a0retirement plan protects you, but is often a sensitive topic for families. If your child or children count on your wealth as their retirement plan, you may feel even greater pressure to get it right. An…<\/span><\/p>\n