Basic Estate Planning is for Everyone It’s a common misconception that estate planning is exclusively for the ultra-wealthy, a reserve of the high-flying CEOs and multi-millionaires. This idea could not be further from the truth. Estate planning is for everyone, no matter their bank account size or net worth. Start with a will. According to […]
In the vast tapestry of life, one can find surprising connections in the most unexpected places. Take, for instance, the worlds of fly fishing and annuities. On the surface, these two concepts may appear poles apart, but delving deeper reveals a remarkable similarity in the benefits they offer and how they relate to one another. […]
Long-term care insurance typically covers costs associated with personal and custodial care in a variety of settings. Here are some examples of what a policy might cover: In-Home care: This includes assistance with daily activities such as bathing, dressing, eating, using the bathroom, moving around, and medication management. It could also include various types of […]
Let me pose this question, do you insure your home? Your Cars? Your valuable possessions? Of course, you do. Why? Because you do not want to be exposed to risk or loss, you pass that obligation to a risk bearer, an insurance company. It is just human nature to wish to protect our possessions […]
Retirement is often portrayed as the golden years, a time of relaxation, travel, and enjoying the fruits of a lifetime of hard work. However, retirement can be uncertain and fearful for many individuals. According to a recent survey, nearly half of investors check their retirement balance three times a week, highlighting the anxiety many individuals […]
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that provides insurance to depositors in case their bank fails. However, the FDIC does not cover Bitcoin, the most popular cryptocurrency. There are several reasons for this. First, Bitcoin is not a traditional deposit. When people deposit money in a […]
Little better than keeping money under the mattress, the idea that bank accounts are the best way to save for retirement is a myth. In reality, they are one of the worst options out there. By keeping your money in a savings account, you’re missing out on potential earnings and losing purchasing power to inflation. […]
What does risk mean when it is concerning your retirement accounts? How do you determine your risk exposure? When considering risk decisions regarding retirement accounts the two most important factors are your current age and the number of years before you retire because as you age, you have fewer years to recoup market losses. Moving to more stable and safe options as we age can help remove the risk factor on a portion of your accounts.
Surrender, in the context of annuities, refers to the act of terminating the annuity contract and receiving the remaining value of the contract in a lump sum, rather than receiving future payments. Surrendering an annuity may result in a surrender charge, which is a fee imposed by the insurance company for early termination of the […]
“Having a pet in retirement can be a source of joy. But, pets can also create financial stress. It’s a good idea to plan for pet ownership when you’re retired. -Lyle Boss Having a pet in your home as you age is something of a double-edged sword. On the one hand, a companion animal can […]
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