blog page

How Much Do You Really Know About Long-Term Care?

Posted by on Jun 20, 2018 in blog page | Comments Off on How Much Do You Really Know About Long-Term Care?

Separating some eldercare facts from some eldercare myths.   How much does eldercare cost, and how do you arrange it when it is needed? The average person might have difficulty answering those two questions, for the answers are not widely known. For clarification, here are some facts to dispel some myths.   True or false: Medicare will pay for your mom or dad’s nursing home care. FALSE, because Medicare is not long-term care insurance.1 Part A of Medicare will pay the bill for up to 20 days of skilled nursing facility care – but after that, you or your parents may have to pay some costs...

Read More

The Major 2018 Federal Tax Changes

Posted by on Apr 17, 2018 in blog page | Comments Off on The Major 2018 Federal Tax Changes

Comparing the old rules with the new. The Tax Cuts and Jobs Act made dramatic changes to federal tax law. It is worth reviewing some of these changes as 2019 approaches and households and businesses refine their income tax strategies. Income tax brackets have changed. The old 10%, 15%, 25%, 28%, 33%, 35%, and 39.6% brackets have been restructured to 10%, 12%, 22%, 24%, 32%, 35%, and 37%. These new percentages are slated to apply through 2025. Here are the thresholds for these brackets in 2018.1,2   Bracket  Single Filers   Married Filing Jointly or Qualifying Widower Married...

Read More

Keeping This Correction in Perspective

Posted by on Feb 14, 2018 in blog page | Comments Off on Keeping This Correction in Perspective

After 20 months of relative calm, this volatility needs to be taken in stride.   Are you upset by what is happening on Wall Street? It may help to see this pullback within a big-picture context. Corrections have become so rare as of late that when one occurs, emotion threatens to influence investment decisions. So far, February has been a rough month for equities. At the close on February 8, the Dow Jones Industrial Average was officially in correction territory after a slide occurred, which included two 1,000-point descents within four days. Additionally, nearly every U.S. equity index had...

Read More

The Importance of a Life Insurance Audit

Posted by on Nov 28, 2017 in blog page | Comments Off on The Importance of a Life Insurance Audit

Is it time to review your policy? Life insurance is hard. It’s hard to know if you have the right kind. It’s hard to know if you have enough. And it’s hard to know if you need any at all. The insurance companies have made it even harder by coming up with bewildering names: whole life, term life, universal life. Some life insurance policies have a cash value, while others do not. Some invest that cash value in the stock market, while others pay a fixed rate of interest.  Some insurance policies combine all of these ideas. A recent study by life insurance advocacy group LIMRA discovered that...

Read More

Refrain from Tapping Your Retirement Funds

Posted by on Nov 6, 2017 in blog page | Comments Off on Refrain from Tapping Your Retirement Funds

Resist the temptation. Your future self will thank you.   Retirement accounts are not bank accounts. Nor should they be treated as such. When retirement funds are drawn down, they impede the progress of retirement planning, even if the money is later restored. In a financial crush, a retirement account may seem like a great source of funds. It is often much larger than a savings account; it is technically not a liquid asset, but it can easily be mistaken for one. The central problem is this: when you take a loan or an early distribution from an IRA or a workplace retirement plan, you are...

Read More

Avoiding the Cybercrooks

Posted by on Oct 9, 2017 in blog page | Comments Off on Avoiding the Cybercrooks

How can you protect yourself against ransomware, phishing, and other tactics?  Imagine finding out that your computer has been hacked. The hackers leave you a message: if you want your data back, you must pay them $300 in bitcoin. This was what happened to hundreds of thousands of PC users in May 2017 when they were attacked by the WannaCry malware, which exploited security flaws in Windows. How can you plan to avoid cyberattacks and other attempts to take your money over the Internet? Be wary, and if attacked, respond quickly. Phishing. This is when a cybercriminal throws you a hook, line,...

Read More