Long-term care planning too often ignored


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...]

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...]

Free Tax Help Available for Seniors

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The IRS Volunteer Income Tax Assistance (VITA) Program offers free tax help generally to people who earn $50,000 and less. The Tax Counseling for the Elderly (TCE) Program offers free tax help to taxpayers who are 60 and older. Trained community volunteers can help eligible taxpayers with credits, such as the EITC, Child Tax Credit [Read More...]

Smart Money Retirement Planner App for SmartPhones


There are more and more retirement based apps for smartphones coming along.  The SmartMoney Retirement Planner App for smartphones allows the user to enter age and income to gain detail and graphics on showing how your spending and income will impact you in retirement.  It’s a good “play” tool to give you a nice overview [Read More...]

Is It Really Possible to ‘Time The Market’?


Years ago, when I was a financial advisor, we would typically remind clients that what’s most important is not the ability to “time the market” but rather your “time in the market”.  With disciplines such as dollar cost averaging and regular investing, it was felt that this would provide the ability to benefit from the [Read More...]

Investing So That Your Money Doesn’t Run Out in Retirement

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It’s the fear that strikes all retirees: what happens if I run out of money in retirement?  With proper planning, discipline, vigilance and good advice, most retirees fear this but are able to weather the financial storms.  They do it by properly allocating their funds, maintaining a disciplined approach to withdrawals, evaluating their accounts on [Read More...]

How To Pick A Financial Advisor


This is an excerpt from the book, Safe 4 Retirement : The 4 Keys to A Safe Retirement   UPDATED WITH NEW LINKS 10/2011 How to pick a Financial Advisor? If you choose to work with someone rather than going it alone, it leads to the question of how to pick a financial advisor, Certified [Read More...]

Are You Saving Enough for Retirement?


Kiplinger has an online quiz that can help you to discover if you’re saving enough for retirement. Check it out at the link below.

The CNN/Money Ultimate Guide to Retirement

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I just love when you find a website that provides you links to great resources in one place.  So I must give kudos to this page (accessible below) from CNN/Money that provides a wealth of web links to information on all aspects of retirement. Would love your comments on this and any other links that [Read More...]

Interactive Map of States Based Upon Tax Situation

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This is an excellent resource from Kiplinger that provides an interactive way to understand which states or tax “heavens” or “hells” for retirees. Please link to it below and let us know your comments.