My Comments: As mentioned recently, all our lives will end sooner or later. Meanwhile, I’ve found it always helpful to limit stress along the way and financial issues have a way of getting complicated from time to time. As we age many of us become a little goofy which can lead to poor financial decisions. …
Continue reading Plan Ahead: A Checklist for Financial Decisions as You Age
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: I now have a collection of over 20,000 images, taken by me and my parents that reflects not only our stuff, but where we were, when it happened and what. Things like my father on a tractor in Vermont in 1924. It’s taking forever to get it organized. I’m trying to leave a …
Continue reading Time to Face Reality: Your Kids Don’t Want Your Stuff!
My Comments: I’ve been talking with folks about living trusts for years and am unhappy to tell you I’ve never put one in place for myself and my family. Shame on me, but I’m currently talking with an attorney friend. Unless you’re a homeless street person with no assets, this is an important issue for …
Continue reading 3 Benefits of Using a Living Trust to Pass an Inheritance to Your Family
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: 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: 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 