Planning for Retirement

Planning for retirement has many unknowns, so there can be no certainty. For most of us, the prudent path is to: Save as much as reasonably possible Estimate your expenses when you’re considering retirement Estimate your income, including both fixed income (i.e. Social Security) and investment income (including both dividends and proceeds from sales) Determine Read more about Planning for Retirement[…]

Are You Being Told What You Want to Hear?

An interesting article recently appeared in the Wall Street Journal (Advisors Failed This Test, Antoinette Schoar, 11/7/2016). “Mystery shoppers” sought out financial advisors in the greater Boston area. Schoar explained “By and large, the advice our shoppers received did not correct any of their misconceptions”. She went on to say “…the advisors seemed to exaggerate Read more about Are You Being Told What You Want to Hear?[…]

Is Long Term Care Insurance Worth The Cost?

Long Term Care (LTC) insurance typically pays for all of assisted living costs (about $40,000/year) and half of nursing home costs. What most people don’t realize is that they already have LTC insurance provided by the federal government, Medicaid. The catch, of course, is that Medicaid wont pay if you can. Therefore, LTC insurance is Read more about Is Long Term Care Insurance Worth The Cost?[…]