My Comments: Last week I attended a luncheon where the formal program was a panel of professionals discussing trusts. The focus was on trustee responsibilities, the fact we’re living longer, trustees and/or beneficiaries are increasingly likely to become mentally challenged, children are having to wait longer and longer to receive their beneficial interest, and other …
Continue reading How to Choose Your Trustee or Executor of Your Will
My Comments: There are good annuities and there are bad annuities. Most of the bad ones have been created and aggressively sold by insurance companies whose sole objective is to generate revenue for the company and their agents. The study results described below tell us why they have been successful. It’s not easy to find …
Continue reading Annuities are key to American retirement. So why are so few Americans buying them?
My Comments: I’m over 80 and do not have a long-term care policy because when I finally decided one might be in my best interest, I judged it to be too expensive. So I found another solution which may or may not work for my wife. That being said, we as a population are living …
Continue reading Is long-term care insurance worth it for seniors in their 70s? Experts weigh in
My Comments: If you drive a car and happen to have more than one accident, chances are your car insurance will increase. Live where there’s a greater chance of hurricanes or tornados, chances are your homeowners insurance will be higher than for someone who lives where those events are less likely. It’s the same with …
Continue reading Average Cost for Long-Term Care Insurance After 60
My Comments: You might assume the message here is self-serving since I’ve been a licensed insurance agent since the 1970’s. Well, I’ve long reached the age where I’m more interested in helping others than I am interested in helping myself. If it generates some revenue, OK, but that’s not what drives me these days. This …
Continue reading 3 Reasons Long-term Care Insurance Is Better Than Paying Out of Pocket
My Comments: This article appeared a dozen years ago in a magazine I follow called Financial Planning. The article describes a list of options to be aware of that are very valid today. It sets the stage for a series of posts I intend to share with you in the coming weeks. It’s about an …
Continue reading The Dreaded Question: Should You Have Long-Term Care Insurance?
My Comments: I recently received an email from Don Graves, the author of the following words since I’m on his list of contacts. I got that way several years ago when I spent six months studying for and passing an extensive license process to be qualified to offer reverse mortgages to anyone interested. Then along …
Continue reading An Idea to Help Manage Seven Common Retirement Disruptions
My Comments: For many, getting serious about retirement doesn’t happen until someone reaches their 50’s. There’s too much other stuff going on. But sooner rather than later, you have to make sure you’ll have enough money to sustain yourself for the next 30+ years. This is critical if you don’t want to find yourself climbing …
Continue reading 8 Proven Investment Options to Safeguard and Grow Your Retirement Money
My Comments: I’ve taught Social Security workshops over the years and both my wife and I signed up for benefits. I think I know a little about this issue but this question inevitably resurfaces. And it’s become more problematical since there’s discussion now about changing the age criteria. This is largely because so many of …
Continue reading When Should You Start Social Security Benefits? It Depends
My Comments: Long Term Care is an insidious financial threat for all of us. The potential for it to cost far more than our financial resources can handle is very real. The only remedy I’m aware of is to die before that happens, and I, for one, am not ready for that to happen. So …
Continue reading 4 Times Long-term Care Insurance is Worth It
Helping Define Your Financial Future 