Suze’s Blog & News

Many of you are asking me what to do when you receive a rate increase on your long-term care insurance policy. You know my advice for years has been to not buy long-term care insurance unless you can afford a 50% rate increase in your lifetime. I never thought I would be discussing a 126% rate increase which is how much some Federal LTC Insurance Program (FLTCIP) policyholders are facing, with an average of 83%. The Federal program policyholders have to make a decision by September 30th so that’s why I’m writing this blog now.

You may have heard or read recently about some high profile retirement plan sponsors being sued by plan participants for high fees in the plan. Financial service firms-yep, folks who run mutual funds-have been hit with lawsuits, as have the plans run by MIT, NYU and Yale.

When it comes to planning for a secure retirement I bet you have the major strategies covered: -Invest in your 401(k) or 403(b) up to point of the match? Check -Save in a Roth IRA? Check -Aim to have your mortgage paid off before you retire? Check -Commit to getting plenty of exercise?

My dear Friends, If you receive an email that talks about me on CNN quoting something like “Brexit is Destroying the American Economy”, Please DELETE it. This is an internet scam from something they are calling Global Payday System. They are trying to steal your money. I Do NOT endorse this business. Please beware and report this as SPAM if you receive it.

Now that another college year has begun, I want to make sure that all the Moms and Dads made packed off the kids with one very important item: A credit card.