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...
Our featured article of the month, How To Build an Emergency Fund, helps outline the steps needed to setup an emergency fund. Determining the amount you should set aside is one based on your monthly expenditures. An easy rule of thumb is, what do you need to pay to ensure you don't get yourself into...
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?...
Our featured article of the month, Consider Keeping Your Life Insurance When You Retire, starts the conversation on this topic and expands on it slightly in regards to insurance planning strategies. Traditionally, life insurance was considered unnecessary once you hit retirement, the nest was empty and a liability such as a mortgage was satisfied. However,...
Our featured article of the month, Understanding Extended Care, explains some high level points on what extended care looks like in terms of its services, cost, and sources for payment. Of course like most things, when you are in it, the reality of the situation is much different. Reviews by Medicare graded facilties were based...
Our featured article of the month, Major Risks to Family Wealth, highlights some of the more commonly made mistakes investors make when planning for their family wealth's legacy is incomplete or ignored. Many, even without substantial financial wealth, do not appreciate the implications of such a misstep. The Federal estate tax limit in 2022 is $12.06...
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...
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...
Our featured article of the month, Your Extended Care Strategy, reminds our readers that a retirement plan coupled with a long term care strategy is a prudent way to plan for the future. November is Long Term Care Awareness month and this newsletter touches on this topic at least once a year, for good reason....
Our featured article of the month, End of the Year Money Moves, provides some tips on taking action on your personal financial situation prior to year end. Tax loss harvesting is a smart technique that could certainly make an impact on your taxable short term gains and may even help minimize future gains tax. Of...
