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: 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: 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
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: 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
My Comments: This a long post, but the topic is critical for many of us. People are living longer and longer which significantly increases the odds of needing some serious help before the end arrives. And in most cases, it ain’t cheap. Fortunately, my wife and I are still relatively functional, though we both see …
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