How to Fix America’s Financial Health

TALK-01-200-72PX

Wells Fargo has just come out with a new survey about the health of American adults. The good news is that most Americans feel that they’re in good or great shape physically (this may ease some concerns about health care costs), but the bad news is that less than half feel the same about being financially healthy. However [Read More...]

Time to stop procrastinating on long-term care

LTCare001Small

Mike Padawer writes in his new book, “What’s the Deal with Long-Term Care“, the following: ” The reality is that the longer you live, the greater the likelihood is that you will require long-term care services. The costs associated with needing long-term care are significant, and while it can take decades to accumulate the assets you’ll [Read More...]

Long-term care planning too often ignored

LTCare001Small

In business, partners must protect themselves from the financial ramifications that a significant health or lifestyle change of a partner can have on the other. To protect themselves, business owners form a “buy/sell agreement” as a kind of “insurance” against these events, which cannot only place a significant burden on one partner, but can cripple [Read More...]

For long-term care, you’re on your own


The early discussions and battles around the Affordable Care Act now seem like ancient history. Yet there was one part of that act that was a “key priority” of the late Senator Edward Kennedy. This provision, which was actually enacted as part of the ACA and was a federal law, would have created a voluntary and [Read More...]

How to live to 100 — but can you afford it?


In my past life as a financial adviser, I once had a very wealthy client who had a simple plan that he wanted me to execute: provide him enough retirement income so that when he reached his 100th birthday, his account would be zero. I remember going back to him and telling him that with [Read More...]

Is your financial adviser an endangered species?

Senior couple meeting with agent

A decade ago, we heard the talk of how online and call center brokers were going to bring about the demise of the financial adviser. Even though online trading has provided easier ways to buy mutual funds and stocks, the need for advice is still so strong today that this prophecy hasn’t taken place. In [Read More...]

How to choose a retirement community

aging-exercise-4_3_r560

Planning ahead for the later stages of retirement can help retirees and their loved ones avoid difficult, and often costly, situations in the future. The process for researching retirement living and care alternatives is not a simple one and often creates more questions than answers. The decision of where to live in retirement can often [Read More...]

Pay college athletes by funding their IRA

Screen Shot 2013-12-02 at 5.45.50 PM

It’s March Madness. You know, that time of the year when the Employee Benefit Research Institute (EBRI) issues its report on the current “retirement crisis.” Oh, and it’s also that time of year when I can’t watch anything else but college basketball on my television set. It was while I was searching through the many channels on [Read More...]

Six vital questions to ask your parents

Senior couple meeting with agent

The holidays are coming to an end. A new year beckons. Resolutions will be made and broken. What does the new year hold for you? What does it hold for your family? If you’re a retiree or someone planning on retirement, the questions and concerns that you have about this upcoming year will be many. [Read More...]

Adding Solar Power to Your Retirement Portfolio

images

My recent article regarding solar power on Marketwatch.com stirred much discussion.  Here’s a brief part of it and I invite you to read the full article, here. To my wife, going solar made “green sense.” For me, the decision had to make “greenback cents.” It was when we viewed the decision in the context of [Read More...]