Many issues facing retirees revolve around life expectancy. These online tools may be able to help. My Comment: Last month I passed a significant milestone; the number of days my father lived before he died. Yes, we're supposed to live longer than our parents, due to advances in medicine and an awareness of how lifestyle …
Tag: Retirement planning
Malpractice Insurance – The Financial Black Hole
By Tony Kendzior, CLU, ChFC Medical malpractice insurance is seen as a necessary cost for any physician in private practice. It’s almost invisible, a monthly or annual outlay that no one pays much attention to until there is an issue to deal with or perhaps a premium increase. Over the course of a 25 year …
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Hubris Drives Mistrust in U.S.- China Relations
My Comment: Unfortunately, I’m old enough to remember when Henry Kissinger was our Secretary of State. ( Or perhaps fortunately, since I read the obit column closely these days. ) In either case, he’ll go down in history as a major player in 20th century American history. The author below is referencing comments from Mr. …
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Just Keep Working: the New Retirement Strategy
The number of labor force participants over age 65 has increased about 22 percent in the past three years. My Comment: I have to confess to a “Duh” moment when I saw this headline. My plans for retirement went out the window starting sometime in 2008. Not that I had any real plans to start …
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Stand-Alone Living Benefits – Guaranteeing Lifetime Income Without an Annuity
My Comment: As a financial planner for many, many years, I've watched my clients age along with me. As the years have passed, our priorities have changed, our resources have changed, along with our fears and worries. There are dozens and dozens of answers out there and while the internet has made it easier to …
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How Long Must Your Money Last?
My comment: It’s common for me to express that I have no idea what the next several years are going to look like since right now, I have no idea what I’ll be having for lunch today. All I can do is help my clients position their money so as to increase their chances of …
Why Are People So Resistant to Reverse Mortgages?
by Beth Paterson, MLO #342859 My Comment: Beth Paterson lives in Minnesota and has specialized in reverse mortgages since 1999. She has a blog devoted to the subject Beth's Reverse Mortgage Blog. While this financial tactic is not for everyone, under the right circumstances it makes very good sense. If you think it might make …
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Senior Finances and the Great Entitlements Debate
My Comment: A great number of my clients are now retired or soon will be. Part of that is a function of my age and the fact that I’ve been a financial planner and investment advisor for over 37 years. The political and economic landscape has changed significantly over these years and it’s always a …
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How Ready Are You for Long-Term Care?
My comment: Long Term Care is one of those issues that most of us simply want to go away. It’s painful to think about, painful to pay for, and therefore, painful to plan for. Only it’s not going away; as our population ages, and medical advances appear, more and more of us live to a …
Outlook 2012: Equities–Top 5 Trade Ideas for the New Year
My Comment: In the interest of starting this year on a positive note, I found this article that tends to support my feeling (not always a good thing) that 2012 will be a good year for investments. That being said, the last and 5th Idea is far too technical for me and perhaps for you. …
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Helping Define Your Financial Future 