Eden Prairie Community Education

Learn about Wills, Trusts, Health Care Directives & Powers of Attorney. Understand when a Will is sufficient and when you might prefer a Trust. Discover ways to avoid probate. Discussion of common mistakes will help avoid unwanted consequences.

Who would inherit your possessions, raise your children, or be your personal representative if you die? Without a will, the laws in Minnesota and a judge make all of the decisions. Leave this 2-hour class with a simple, prepared will and have new peace of mind. Instruction and all the necessary forms, witnesses and notaries are provided. Instructor Adam Altman is an attorney experienced in drafting wills. Each individual, regardless of marital status, needs his/her own will. Couples should register both individuals.

Whether you plan to stop work all at once, or ease into retirement by working part-time, at some point you will need to arrange for multiple sources of income to replace your paycheck. What do you need to think about as you transition from work life to retired life? Where will your income come from? How can you make it last? We will look at 4 withdrawal strategies and the pros and cons of each. We will also review how retirement income is taxed and show 5 tax planning strategies in retirement. Join us for an informative night that can help you prepare for a comfortable retirement. Singles and couples welcome!

You must pay taxes, but don’t leave the IRS a tip! Ignoring the tax consequences to your financial plan may result in paying more than you need to. Some taxes can be deferred, and others can be managed through tax-efficient investing. Whether it’s where to save for retirement, how to create a tax efficient retirement paycheck or how to pass wealth to future generations, with careful planning you can potentially reduce your lifetime tax bill.

Start planning for income in retirement! This class will cover the basics of Social Security and Medicare and include: •5 factors to consider when deciding to apply for benefits •Innovative strategies for coordinating benefits with your spouse •How to minimize taxes on Social Security Benefits •How Medicare works with private insurance to provide comprehensive coverage •Why you must plan for higher health care costs in retirement – including the possibility of needing long-term care. This class is intended to help married couples become informed about Social Security and Medicare. Price is per couple.