My Comments: Full disclosure: the words below appeared on a site I follow, The White Coat Investor. They are powerful words, not just for physicians, but for every highly motivated person whose age is advancing toward retirement. My professional focus for many years has been retirement planning. I’ve posted over 2300 blog posts since 2011, …
Tag: financial advice
How to nail down the Medicare Part D plan that will save you the most money
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 …
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Does Putting Your Home in a Trust Protect It From Medicaid?
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 …
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Should You Take Social Security at Age 62, 67, or 70?
My Comments: This post follows up on my previous message about Social Security, aiming to clarify program details. Now, let's delve into the decision-making process for when to apply for benefits. The primary uncertainty in this decision revolves around one critical factor: the unknown timing of your departure from this world. This factor determines whether …
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Annuities: Part Two
My Comments: Two days ago I posted Annuities: Part One. In this post my attempt is to expand on a readers understanding of annuities in general so that if anyone sees this as a viable way to set aside money for the future, they’ll have a better understanding of the variables involved and how they …
Annuities: Part One
My Comments: This post is for those of you who might be considering an annuity to help fund your retirement. It appears here as Part One with Part Two and Part Three to follow this week. It’s long and detailed so you’ll likely find yourself in the weeds from time to time. My source of …
How to Spend Your Nest Egg ~ Probability vs. Safety First
Your Balance Sheet Your household has a balance sheet. As you may recall from accounting courses you took along the way, a balance sheet has the assets listed on the left with liabilities listed on the right. That balance sheet for someone approaching or already in retirement might look like this: Assets: Human Capital …
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Revocable trust vs. will: A guide to estate planning
My Comments: Over the years I’ve had many opportunities to help people plan how they want their money to both serve them during retirement and where it should go, or be used when or if, they become goofy and ultimately die. This is a little long, but a good read for any of you wondering …
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Millions of older workers are nearing retirement with nothing saved
My Comments: As a financial professional working with local clients over the past 45+ years, there is a sub-title which substitute for the title given. It would read “Millions of retired folks are in retirement with not enough money”. Too often, with no new money coming in, the lessons to be learned to fix the …
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A Massive Stock Market Bubble May Be About To Burst
My Comments: There are many comments from presumably smart people at the end of this article that appeared recently. You can find them via the link just below. Many refute what he says and think he’s full of it. Meanwhile, I’m a retired person, and the threat of losing too much money in the short-term …
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Helping Define Your Financial Future 