Long-term care? Not me!

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Here are the basics: Medicare may be a temporary solution up to 100 days. Health insurance does not pay for long-term care expenses. Medicaid is for the impoverished. Affordable Care Act (ACA), or Obamacare, does not cover long-term care expenses. According to the 2015 edition of the Cost of Care Survey that is conducted by […]

The retirement planning amateur

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As a chef, you might prepare a superb linguine with clam sauce. Perhaps you are an award-winning journalist, noted chemist, college professor or Colonel in the United States Army. You may be at the top of your game in your profession, but that does not mean you have the skill set or experience to create […]

Never let anyone do your thinking for you

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When considering your future retirement, you want to enter into a collaborative relationship with someone who has tens of thousands of hours of experience planning and managing retirement portfolios. The range of issues and concerns that you will face in retirement is staggering. Many baby boomers have been hit with the twin issues of falling […]

What not to include in your retirement plan

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A baby boomer retirement plan should be well thought out and comprehensive. That is a given. What it should not include, is borrowing money from your aging parents. Time and time again, I am aware of boomers in their 50s and early 60s borrowing funds from parents in their 80s, who are never paid back. […]

Your Financial Fortress

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You must pay yourself first by depositing a portion of every dollar earned into your “Financial Fortress.” Start with 3 cents of each dollar earned and work your way up to 15 cents. Imagine that you had a 40-year career, and you saved nothing for retirement. You took wonderful vacations, lived in a big house […]