Learn the basics of Estate Planning, including wills and probate, trust, beneficiary designations & taxes.

Will You Be Dragging Debt With You When You Retire?

"According to recent Federal Reserve research, Americans are behind on more than $600 billion in bills. Nearly one in ten of us has a debt in collection."- Teresa Kuhn. In the fourth quarter of 2020, total U.S. personal debt reached a record $14.15 TRILLION, higher than the pre-recession peak of $12.68 trillion. The debt situation [...]

Long-Term Care: Most Americans Don’t Even Know They Are Going To Need It.

"U.S. government statistics say that over 70% of Americans 65 and older will need long-term care at least once in their lives. Yet, only 33% of us understand and acknowledge that we're likely to need long-term care in the future."- Robert Cannon Various studies over the past decade indicate that Americans tend to vastly underestimate [...]

Is Your Financial Advisor Talking Up “ILAs?”

"You may be hearing more about a newer type of annuity product- the ILA, or "buffer" annuity in the coming months. But, be careful you know the pros and cons before jumping on the bandwagon."- Dave Barr With interest rates hovering near-zero for at least the next couple of years, indexed linked annuities (ILAs), also [...]

By |2021-03-02T18:38:39+00:00February 27th, 2021|Annuities, Estate Planning, Insurance, Investing, Retirement Planning|

Mistakes Government Employees Must Avoid If They Plan On Retiring In 2021-2022

“If you are a federal or state employee planning to retire in the next year, you should waste zero time planning your exit.”- George Politarhos If you are like most federal employees under the Federal Employees Retirement System (FERS), you have numerous things to consider. Many Federal, State and local employee programs complicate retirement planning [...]

Some Key Points Of President Biden’s Tax Plan

"By focusing on low and middle-income earners, Joe Biden hopes to stimulate a pandemic-ravaged economy. The impact could be significant for higher net worth individuals and corporations."- Jerry Yu. Now that both the House and Senate are in the hands of Democrats, it is likely that President will be able to get more of his [...]

Should You Use Alternative Investments To Increase Your Portfolio’s Diversity And Resilience?

2020 was a year notable for a series of disruptive economic events, dramatic shifts in the way Americans work, and renewed interest in alternative markets, especially those embracing change to maintain relevance. The year began smoothly enough as many asset classes and indices experienced growth from the beginning of the year until around the middle [...]

Are “Hybrid” Policies The Cure For Rising Long-Term Care Costs?

"Even before the pandemic, the senior health care marketplace was experiencing rate increases, capacity shortages, and changes in coverage. The pandemic further deepened these trends." As you plan your eventual exit from the workforce, it is likely your retirement and income planner has talked to you about the need for long-term care insurance. Long-term care insurance allows [...]

Lower Your Costs In Retirement By Getting And Staying Healthy

"Multiple surveys of today's seniors point to health and wellness as a top concern in retirement. A majority of respondents over 50 cite good health as the key to a happy and prosperous life after work."- Angie Politarhos. As Gen Xers and Millennials move into planning their post-career lives, there has been a shift in [...]

How Rising Unemployment Will Affect Retirees

"Rising unemployment has serious implications, even for those already retired." Robert Cannon. As the country emerges from COVID-19-related lockdowns, we are beginning to see more of the economic aftermath, particularly in the form of unemployment. When you are already retired or are close to retirement, it's tempting to feel somewhat insulated from the effects of [...]

What Are Exchange-Traded Funds, And Should You Consider Them For Your Portfolio

"It's been over thirty years since Toronto Stock Market launched the first exchange-traded fund (ETF). Since that time, ETFs have gained popularity and are poised to take over the current mutual fund market." John Ripley What are ETFs, anyway? Created to give individual investors more liquid and tax-efficient products than traditional mutual funds, ETFs were [...]