Everyone needs a retirement plan because after retirement, many people shift from wealth accumulation to wealth spending. When you picture retirement, are you sipping cocktails on a beach? Watching your grandchildren? Traveling or taking a cruise? After you stop working, you don\’t want to waste your time worrying about day to day expenditures or how …
Providing for health care is a key part of retirement planning. For most Americans age 65 and over, the federal government\’s Medicare program, and its various components, provides most of the resources to take care of a typical retiree\’s health care needs. One health care need that is only minimally covered by Medicare is that …
Private insurance is one of a number of ways that individuals who require long-term care (LTC) are able to pay for the needed help. In a LTC Partnership program, a state government and private health insurers work together to make available to residents of that state LTC insured policies that are \”linked\” to Medicaid. Learn …
Saving money in pursuit of an accumulation goal is a problem many of us face. Some goals, such as retirement or a college fund for a child, are long-term savings goals. Many of us also have short-term savings goals such as a Christmas or holiday fund. One option for long-term savings, one that is sometimes …
Asset allocation is an investment strategy that seeks to reduce investment risk, while maintaining a desired rate of return, by spreading an individual\’s investments over a number of asset types. But asset allocation does not guarantee a profit or protect against a loss in declining markets. Learn more about asset allocation investment strategy below.
One approach to the problem of providing income during an extended period of disability is to purchase individual disability income insurance. Learn more about what to look for in a Disability Policy below.
Long-term care (LTC) is the term used to describe a variety of services in the areas of health, personal care, and social needs for individuals who are chronically disabled, ill, or infirm. LTC may include services such as skilled nursing home care, home health care, or adult day care. LTC is without a doubt expensive. …
LTC, or long term care, is minimally covered by Medicare.
Many people approach retirement thinking that their cost of living will decrease once they stop working. This is only partially true, and misconceptions about future expenses can cause your finances to fall short. Health care costs can be high. Medicare helps to pay for some medical expenses, but coverage is limited. Out-of-pocket expenses can be …
Only about 23% of American workers say they are \”very confident\” they will have enough money to live comfortably throughout retirement.1 To help reduce such uncertainty in your life, consider these five common investment pitfalls — and how you might avoid them. Mistake #1: Waiting to Maximize Your Contributions The sooner you start contributing the …
Five Common Investment Mistakes When Planning for Retirement Read More »
