My Comments: If you are 65 or older, chances are very good you're enrolled in Medicare. If your physician(s) have you taking prescription drugs, some of which can be very expensive, you need to take advantage of the open enrollment period that ends on December 7. At the very least read these words by Lennie …
Continue reading How to nail down the Medicare Part D plan that will save you the most money
My Comments: This topic is very relevant for me. Statistically my wife will survive me by ten years. If life plays out that way, she may need help from Medicaid. If our home is in a family trust and I’m gone from the scene, it will be easier for our children as trustees to look …
Continue reading Does Putting Your Home in a Trust Protect It From Medicaid?
My Comments: This is perhaps a long read but given the dramatically different values expressed by those on the political right vs those on the political left, these words helped me better understand the dichotomy. The message from Eric Sentell gives me a little more hope for my children and grandchildren. When I first registered …
My Comments: Despite being a financial planner and investment advisor for almost 50 years, earning a living and growing a family, the reality is I didn’t do a good planning job for myself. Looking back I now realize my clients did better with their money than I did with ours. I had too many choices …
Continue reading An Uncomfortable Truth About Aging and Retirement Planning
My Comments: A family member is thankfully near the end of a 12–15-month process to successfully complete an inheritance. The person who died had some assets in a revocable trust but many were not. The effort to complete what is often a long probate process has been complicated by an IRA owned by the deceased …
Continue reading Four Reasons Retirees Need a (Revocable) Trust
My Comments: What follows here was triggered when my cousin in England sent me an email the other day telling me about an article that appeared recently in his local newspaper. Turns out it's something I wrote that appeared in the Gainesville Sun in November of 2019. It appeared in the Sun when it was …
My Comments: These words come from Suze Orman who is a recognized and highly published woman whose focus is financial matters for all of us. The message from both Suze Orman and myself is that we have to elect people to Congress who will act on behalf of all of us if Social Security is …
My Comments: When the Fed started raising interest rates in March of 2022 in an effort to combat inflation, the reverse mortgage industry took a huge hit. That’s because the cost of money for reverse mortgage companies became too high. They could no longer wait sometimes many years for the last person to leave the …
My Comments: What follows here came from an article which appeared in my daily news feed. To give credit where credit is due, here’s a link to the article: https://tinyurl.com/4fvaa98f. I changed the post title to reflect my belief that growth funds in a portfolio tend to be more volatile. This is not necessarily helpful …
Continue reading 5 Best Vanguard Funds for Anyone Planning to Retire
My Comments: Despite my advanced age, I’m increasingly fascinated by AI and am now using it almost daily to help me with chores on my office computer, things that would have not been possible a few months ago. My first effort was last March as my granddaughters birthday approached. I asked ChatGPT to draft a …
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