Posted by Denise Kovach, CFP®, AIF® There recently was a survey conducted about Long Term Care in America and 38% of the people surveyed said they plan on using Medicare to cover their care needs as they get older, including extended nursing home stays.
Think Medicare Pays for Long Term Care? Better Think Again! Read More »
Posted by Nancy Hecht, CFP®, AIF® About a year ago, I received a call from a client – her voice was shaking – she told me that their family had decided they were going to liquidate all of their accounts and move everything into annuities. I asked if they planned to move their IRA and
I am SO disgusted! Read More »
Posted by Gary Abely, CPA, CFP®, AIF® Most of us know that financial plans involve saving and investing, budgeting, risk management, debt management, tax planning, retirement planning and estate planning. All of these components do involve money in one form or another, yet the best financial plans should involve discussions of non-monetary items as well.
Financial Planning: It’s not all about money Read More »
Posted by Denise Kovach, CFP®, AIF® It is possible, because the principal is available without penalties anytime.
Using your Roth IRA as an emergency fund…WHAT??!! Read More »
Posted by Nancy Hecht, CFP®, AIF® I have been talking to a lot of first time investors that are in their 20’s, which makes me happy. They were in high school during the crash of 2008 and know that things can change quickly. They watched their parents lose jobs and homes. They are also learning
I want it! I need it! Wait, which is it? Read More »
Posted by Nancy Hecht, CFP®, AIF® These tax breaks are still available to you even if you don’t itemize. I believe you should use every legal means possible to lower your tax bill. Look to see if any of these apply to you.
You don’t itemize – no problem. You can still take these deductions. Read More »
Posted by Nancy Hecht, CFP®, AIF® Since 1995, that number of parents that do not split their assets equally among their children has doubled. Is this proof that they really do love Susie more than you? Perhaps. More likely, the un-even split is more practical than any other reason.
They really do love Susie more than me! Read More »
Posted by Gary Abely, CFP®, AIF®, CPA If someone suggested to you that, on average, you will feel fine if you place one hand on a fire and another on dry ice, you would instinctively know to raise your antenna when listening to this individual. Yet, many financial planners use averages when discussing healthcare expenditures
Problems using “Averages” in Financial Plans Read More »
Posted by Judi Sanborn, CFP®, AIF® When we are young there is always a birthday to look forward to, whether it’s getting a drivers license at 16 or being able to buy a drink at 21. But there comes a point where most people stop looking forward to the next birthday. But if you are approaching retirement
Birthdays You’ll Either Love or Hate Read More »
Posted by Denise Kovach, CFP®, AIF®, NSSA® For years, Americans have been utilizing Social Security claiming strategies to maximize their overall benefits. Until recently, couples wanting to use these strategies could do so quite easily. They just needed to know that the strategies existed and how to properly apply them to their own financial situation.
Navigating Social Security Claiming Changes Read More »
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