Insurance
Setting Financial Goals for 2026: A Guide for Pre-Retirees and New Retirees
This month's must-read, Setting Financial Goals for 2026: A Guide for Pre-Retirees and New Retirees, makes it the perfect time for pre-retirees and new retirees to get excited about setting some smart financial goals. Life might feel a bit uncertain with changing taxes, rising healthcare costs, and market ups and downs, but with a clear plan, you...
Bridging the Gap: Health Insurance Options Before Medicare Eligibility
This month's must-read, Bridging the Gap: Health Insurance Options Before Medicare Eligibility, outlines health insurance options for retirees. For Americans planning to retire before age 65, maintaining health insurance coverage is a top concern, as Medicare eligibility typically begins at 65. Without a plan, early retirees risk high medical costs or coverage gaps that can...
Insurance Needs Assessment: For Empty Nesters and Retirees
Our featured article of the month, Insurance Needs Assessment: For Empty Nesters and Retirees, outlines the primary insurance coverages one should review as the kids leave the nest and retirement is within view. While the purpose of some coverages may change, some usefulness for them can still be found. For instance, Homeowner's Insurance certainly provides...
Caring for Aging Parents
Our featured article of the month, Caring for Aging Parents, helps you start the difficult conversation many of us have had to engage in. The" sandwhich generation", those with aging parents and young children, are increasingly finding themselves in this challenging predicament. Ultimately, having to parent both our children and our parents is a major...
Immediate vs. Deferred Annuities
Our featured article of the month, Immediate vs. Deferred Annuities explains some of the basic differences between these long used retirement vehicles. In the past few decades, pensions have become few and far between, especially within the private sector. Having similar traits, annuities have secured a consistent presence in the retirement planning industry. The reason?...
Healthcare Costs in Retirement
In a 2022 survey, 35% of all workers reported they were either “not too” or “not at all” confident that they would have enough money to pay for their medical expenses in retirement. Regardless of your confidence, however, being aware of potential healthcare costs during retirement may allow you to understand what you can pay...
What Happens When There Are No Beneficiaries
Our featured article of the month, What Happens When There Are No Beneficiaries, outlines the common steps utilized when determining the benficiary of an investment or proceeds from an insurance policy. As stated, most retirement plans will default to the surviving spouse, by state law, even if no beneficiary is listed on the plan account. Of...
Life Insurance with Long Term Care Riders
Our featured article of the month, Life Insurance with Extended-Care Riders, briefly touches on a topic of growing importance as our Boomer generation ages; funding Long Term Care. While the article uses the term "Extended Care", the terms are synonymous. Long Term Care (LTC) needs are expanding greatly as seniors live longer and medical advancements...
The Financial Planning Process
Our featured article of the month, The Financial Planning Process, outlines the six steps to creating a financial plan using the services of a CFP® professional. The CFP® Board Standards detail the expectations of a relationship between a client and their CFP® professional, providing a framework for the engagement. The standards are in place to...
Before You Claim Social Security
Our featured article of the month, Before You Claim Social Security, poses some preliminary questions that should be considered prior to making your claim. Ironically, the most pressing question is also the most difficult one to answer. How long will you live? For obvious reasons, that question is rather impossible to answer with true accuracy....