My Comments: The ideological fight now gripping much of the country includes healthcare and whether it’s a privilege or a right. It is moving rapidly into the arena of a ‘right’ as opposed to a ‘privilege’. Some of this is driven by demographics; the number of people qualifying for Medicare is growing daily. Some of …
Category: Retirement Planning
Ideas to help preserve and grow your money
Long-Term Care Options
My Comments: Dr. Gloom here again. I suppose there is value in denial. At least I hope so. However, aging gracefully is not easy. When getting up in the morning is a struggle and you can’t remember if you’ve brushed your teeth, there may be a looming bump in the road. Couple that with both …
The Four Phases of Retirement
My Comments: Phases, paths, Journeys, stages? What’s your preference? I guess we retirement planners are always looking for a way to simplify what is almost always a complicated and sometimes tortuous phase/path/journey on our trip into the sunset. Let me know if you find any more. Leon C. LaBrecque, CFP®, CFA, CPA \ May 2, …
Medicare Knowledge
My Comments: The Kiplinger article from which this comes is titled “Ten Things You Must Know About Medicare.” With confusion being spread in D.C. these days, and with so many of us counting on Medicare to help us with medical issues as we live out our lives, I found this to be great information and …
A Revocable Living Trust?
My Comments: For the record, I am NOT an attorney. However, questions always surface about trusts. What are they exactly, how do they work, what kinds are there, which ones are appropriate for me, etc. These words from Jim Probasco go a long way toward a better understanding about the most common form of trust …
Retirement Paths to Follow
My Comments: Which of the six paths described by Nancy Schlossberg in the following article will you follow? Personally, my thoughts are that whichever one seems right for you, it’s helpful to remember the three phases of retirement that I describe. These are the Go-Go years, the Slow-Go years and the No-Go years. Assuming you …
Make Social Security Great Again
My Comments: Short and sweet. Sean Williams / Jan 29, 2017 For more than 75 years the Social Security program has protected the financial well-being of our nation's retired workforce. Today, more than 41 million retired workers are receiving monthly benefit checks from Social Security, a majority of whom need that income to meet their …
Saving for Retirement
My Comments: It’s a truism in our society that having more money rather than less money is a good thing. And retirement, by definition, is a time in your life when earning money to pay bills and enjoy life is not in the cards. That being said, if you expect or need to transition to …
Medicare Statistics
My Comments: Medicare is a critical element for retired Americans. These statistics are not jaw-dropping but re-affirm our need to be very careful about making changes to Medicare. I’m not convinced the folks in Congress have my best interests in mind when they talk about making changes. Consider yourself enlightened. Maurie Backman | Apr 20, …
What’s Killing The Long-Term Care Insurance Industry?
My Comments: This was written almost five years ago. During these years, every reader today is almost five years older and while the world has changed dramatically, the demographics are still with us. Among the existential risks we all face is what is known as a Long-Term Care, or LTC event. Before we all die, …
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