My Comments: As mentioned recently, all our lives will end sooner or later. Meanwhile, I’ve found it always helpful to limit stress along the way and financial issues have a way of getting complicated from time to time. As we age many of us become a little goofy which can lead to poor financial decisions. …
Continue reading Plan Ahead: A Checklist for Financial Decisions as You Age
My Comments: Our lives inevitably come to an end at some point. The question for all of us is what happens to the stuff we owned before the end arrived. It makes sense to help make sure those we leave behind aren’t further aggravated by spending time and money getting the stuff organized and properly …
Continue reading Estate Planning Checklist: A 7-Step Guide to Getting Your Affairs in Order
My Comments: This warning notice came to me from a woman I trust whose professional focus is helping those of us who are in the later stages of our lives. Her name is Star Bradbury and she lives here in Gainesville, Florida. Her recent email to me about this potential financial threat arrived in my …
Continue reading FBI Warns of Huge Uptick in Elder Financial Scams!
My Comments: I’ve been talking with folks about living trusts for years and am unhappy to tell you I’ve never put one in place for myself and my family. Shame on me, but I’m currently talking with an attorney friend. Unless you’re a homeless street person with no assets, this is an important issue for …
Continue reading 3 Benefits of Using a Living Trust to Pass an Inheritance to Your Family
My Comments: I signed up for Medicare health benefits at age 65. As the years have passed health issues have surfaced and being able to quickly reach out for medical help to solve those issues has been great. You just need to remember that Medicare pays roughly 80% of your medical bill after you receive …
Continue reading Here’s What Happens When You Don’t Sign Up for Medicare On Time
My Comments: If you’ve read my recent posts, you’ll know I’ve spoken about fiduciary standards and encouraged you to specifically ask whether the money person you’re talking with is willing to declare themselves a fiduciary. That declaration holds them responsible for acting in your best interest. Yes, there will always be the occasional con man, …
Continue reading What Is The Upcoming Retirement Security Rule, and Will it Help You?
My Comments: You may have seen recent articles suggesting that annuities are the worst thing since sliced bread for your retirement money. What is typically ignored is that for fiduciaries and professional financial advisors like myself, there are lousy annuities and there are excellent annuities to choose from. The challenge for you is to know …
Continue reading The Pros and Cons of Buying an Annuity For Retirement
My Comments: Not all of these are absolutely necessary, but to the extent you’ve not yet considered any of them, much less all of them, now is a good time to get your ducks in a row. Chances are if you’re reading this, you’re well on your way through life and no one has a …
My Comments: First, I was never a Baby Boomer since I’m from the Silent Generation. But what follows here is good information. I “retired” at age 70 and quickly became what I refer to as “terminally bored” and it wasn't long before I became “un-retired”. Fortunately things have worked out OK for me and I …
Continue reading I’m a Baby Boomer Who Had To Un-Retire: 3 Money Lessons I Wish I’d Known
My Comments: Some, if not most of you, already know that getting older can become increasingly problematical and costly. Things tend to start going wrong and expensive to get fixed. It’s long been the case that people are living longer these days. A critical issue is whether your ability to function and solve daily issues …
Continue reading 3 Long-term Care Insurance Moves to Make Before You’re 75
Helping Define Your Financial Future 