Today’s episode features two questions you have to ask yourself, about money matters of the heart; what is the best way to buy a former partner out of a home and managing the cost of caring for aging
For the first episode of 2022, we’ll hear about correcting unspoken hurts from our past and how we can be in the right place to start a new year.
On this podcast, we go to Suze School for the latest on what is happening in the real estate market. Learn why birth rates factor into supply and demand and what you should think about doing now.
I hear from so many of you who are at least 50 that you are worried you won’t be able to have a great retirement. And those of you who are retired are anxious if your money will last.
A new study that looked at the employment and pay patterns for people once they turn 50 should be a wake-up call for anyone approaching or in their 50s. About half of the people in the study suffe
Shopping for long-term care insurance today is starting to feel like walking into the biggest shoe store you have ever seen and figuring out where to start
It would be easy to say “yes” to long-term care insurance if you didn’t have to come up with new money to pay for it, wouldn’t it? Well, there might just be a way to pull that off by repositioning money you already have.
Before the end of October, Social Security will announce the annual Cost of Living Adjustment (COLA) retirement beneficiaries will get for 2017. Or rather, what they won’t get. Because of the way the COLA is calculated the inflation adjustment is expected to be around 0.2%. Sadly, 0.2% will be better than the 2016 COLA: Zero.
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.
I spend a lot of time helping people work out a plan for overcoming a financial challenge. Quite often the bulk of my work is in getting them into the right frame of mind. Financial problems are so stressful it is completely reasonable to feel anxious or depressed. But the first step in working your way out of a financial fix is to convince yourself you control your future and you have the ability to make it a great future.
One of the most dangerous mistakes you can make is to rely on the life insurance your employer offers up as benefit.
I have said over and over again that as you enter your late 40's to 50's you should look into buying long-term care insurance. But looking and buying are two different things. You should only purchase LTC insurance if you know that you can easily afford the premium at the time of purchase and all the way until you are 81 (which is the average age of needing LTC).