My Comments: I signed up for Medicare health benefits at age 65. As the years have passed health issues have surfaced and being able to quickly reach out for medical help to solve those issues has been great. You just need to remember that Medicare pays roughly 80% of your medical bill after you receive …
Continue reading Here’s What Happens When You Don’t Sign Up for Medicare On Time
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: 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: 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: I recently received an email from Don Graves, the author of the following words since I’m on his list of contacts. I got that way several years ago when I spent six months studying for and passing an extensive license process to be qualified to offer reverse mortgages to anyone interested. Then along …
Continue reading An Idea to Help Manage Seven Common Retirement Disruptions
My Comments: My wife and I are in our 8th and 9th decade on the planet. We have our share of health issues requiring prescription drugs. Yes, we have insurance but every now and then there’s a dramatic charge to be covered. As I followed the headline above, I realized it was published in the …
Continue reading Exorbitant Drug Prices in USA – Here is Why
My Comments: Like the author’s first words below, I’ve spent my career looking for ways to help clients grow and maintain their financial lives. Many of them are living much longer than they expected to. I’ve lived far longer than my father, despite our having similar health issues, and I expect to be around for …
Continue reading How a Fixed Index Annuity Can Manage Retirement Income Risks
My Comments: Retirement can be just as stressful as working 8 to 5 or more for decades. That's because retirement brings about a shift in mindset and financial dynamics. The transition from working for money to having money work for you can be a source of significant stress for many of us. Planning and adopting …
Continue reading In Retirement, Put Your Eggs in These Three Baskets
My Comments: We’re living longer, too many of us have limited financial skills, the level of pervasive uncertainty about the survival of our democracy and what it will look like in a few years, all add up to stress which is not a healthy outcome for any of us. Whether you have enough money to …
Continue reading 11 Signs You Will Be Able To Live Off Your Retirement Nest Egg
The 4% rule ~ This “rule” is used to describe the rate at which money is withdrawn from “retirement” accounts designed to help pay bills when you retire and stop working. The goal is to never run out of money. It evolved many years ago to include the assumption it would keep you from running …
Helping Define Your Financial Future 