Category: Finance (page 1 of 7)

The SECURE Act of 2019 Promotes Lifetime Income Stream Planning

The Setting Every Community Up Retirement Enhancement (SECURE) Act of 2019 was passed in December 2019. In an era of a divided government, 71 of 100 senators and 297 of 435 representatives in the House voted in favor of the act. The purpose for the act recognizes that we are living longer and many people …more



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Fiduciaries and Due Diligence

Many people don’t have a comprehensive understanding of the role and responsibility of a fiduciary. Hopefully, this post will bring clarity to you, the beneficiaries of the fiduciary, while shining a spotlight on those that hold themselves out as a fiduciary but are not. Representing the insurance component, I work with many different professionals and …more



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Are You As Financially Prepared for Retirement As You Think?

You saved carefully and invested wisely. You believe your plans are in place, and your nest egg is in order. You feel financially prepared for the years to come. But have you considered your medical expenses? All too often, retirement planning is focused on wealth management—a good thing in and of itself. But medical costs …more



How much will the new tax bill put in your pocketbook?

When it was first announced that the new tax bill passed and taxes would be cut by about 25% for many, what first crossed your mind? Finally renovating your bathroom or kitchen? How about paying down debt that’s been dogging your financial picture for some time? Maybe increasing the amount you save for retirement so …more



5 Ways to Pay Your Long-Term Care Insurance Premium

It is important to account for your long-term care insurance when making your retirement plans to ensure you are financially well protected in case of an unexpected illness or disability. If you don’t account for your long-term care insurance when planning your retirement savings, you will inadvertently have to dip into your savings to fund …more



These 5 Challenges Can Doom Your Retirement

What if I told you had your eye on the wrong ball? That your ladder of success was leaning against the wrong building? Or that you are focused on the unimportant, while the important stuff stands neglected? You might be indignant or annoyed. But my hope is that you are perplexed and curious enough to …more



Biological Age and Retirement Spending

Although age aint nothing but a number according to a popular song by Aaliyah, when it comes to financial planning age is just as important as that other number, the amount of money you have saved for retirement. Your ubiquitous age pops up in all sorts of calculations over your financial and economic life-cycle. It …more



Long-Term Care: The Most Overlooked Decision in Retirement Planning

When meeting with clients and preparing financial plans, long-term care, or “facing incapacity,” is by far the most difficult subject to bring up. Clients seem to have little difficulty facing their own mortality and preparing to provide for survivors after they are gone. Bring up long-term care, including the possibility of needing help with daily …more



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