What’s the right direction for you in planning for the help you might need in the future? Seven in ten of us will need long-term care at some point in our lives. Here are possible paths for covering the assistance you may need. How Will You Obtain the Care You Need? … [Read more...]
Between Retirement and Elder Years
Many Americans are retired, but also are able to carry health insurance through their former employer’s retirement only insurance plans. Until recently, it was a significant benefit for those who might not be preparing for their “elder years” but who were also no longer working full time. You know: those golden years when life falls into place, the grandkids are the only priority and enjoying life without budgeting the pennies is no longer the reality. After all, this is our reward for working … [Read more...]
Estate Planning and Asset Protection Planning
All of us have the need to protect our assets; after all, we’ve worked hard for what we have and we want to be sure there’s something left after we’re gone. Asset protection planning is simply the effort of protecting what you’ve worked for from potential creditors. Don’t mistake the intent: it’s not about hiding assets to avoid paying taxes, nor is it fraudulent or illegal. Instead, it’s about covering your financial bases. These days, it’s increasingly difficult to maintain those assets … [Read more...]
Money in Your Pocket
If you have filed an insurance claim and have received a payout or the first payment, what should you do with it? It can burn a hole in your pocket if you’re not careful. Don’t think of this as “free money.” Consider these more responsible thoughts. Insurance Payouts are a Financial Tool Spend the money in the way it was intended – to fix your car or your home, pay for a funeral, pay claim-related expenses first. If you have debt associated with the claim, then pay it off with the benefit … [Read more...]
