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Not everyone who puts together an estate plan is married. In fact, more and more estates are those of single people. A single person has Estate Planning considerations different from those of a married couple and actually might require more planning. Because the unique planning concerns of singles rarely are discussed, singles often make key […]
You’ve decided to buy a long-term health care insurance policy. Now you need the right policy to cover your needs at a reasonable cost. The wrong policy won’t cover everything you want or will cost too much. Here’s how to shop for a long-term care policy. First, decide how much care to finance. Many stays […]
Providing for the grandchildren is one of the top concerns of today’s grandparents, according to surveys. That spurs ideas for setting aside money for grandchildren to use in the future. Let’s take a look at one not-so-good idea and two good ones. One heavily promoted idea is a trust for a grandchild’s retirement. You contribute […]
What is one of the major financial misconceptions among Americans? Many people incorrectly believe the government will pay for nursing home care or other long-term health care. The fact is federal and state governments pay very little of the cost of home health care, assisted living, independent living, and nursing homes. (See last month’s issue […]
In my new Retirement Watch Spotlight Series, I’ll share my newest breakthrough strategies for protecting your assets and growing your portfolio, including how to prepare for the next market downturn. Click here now to learn more.
You can leave your heirs the gift of almost perpetual tax free growth. That’s not a small gift, and it is one your heirs are likely to appreciate as each year passes. It is easy to do, thanks to Congress, and it won’t cost you much. The vehicle you use to set up this tax-free […]
Investing for income might not be the safest way to manage your retirement portfolio. Income investments certainly seem safe in the short-term. The income usually is secure. You can plan on it. The principal value doesn’t have the great gyrations you see in the stock market. But retirement can last 20 or 30 years. In […]
Estate planning doesn’t have to be a complicated ordeal full of words and concepts that only lawyers understand. For most married couples, there are two tools that are part of almost every estate plan and three trusts from which to choose one or more. They are the foundation of every estate plan. There are other […]
None of us likes to think about it. But the fact is that in any older married couple, the odds are pretty high that at least one of the spouses will spend some time in long-term health care. More than likely, it won’t be the traditional years’-long stay in a nursing home. The stay likely […]
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