Key Considerations for Smooth Wealth Transfer Planning
By Tim McMahon |
Financial Planning: Ideas to Get Your Medical Bills in Order
Medical bills are a major issue for people all over the United States, and it isn’t just people who fall under the poverty line who are struggling to pay these expenses. After all, even people who are gainfully employed may find it difficult to pay for an extended stay in the hospital or an emergency surgery that could cost $25,000, $50,000 or even more.
However, medical bills don’t have to be a noose around your neck, and they don’t have to keep you up all night. There are ways you can begin to pay them off and get your finances under control.
Rebalance Your Retirement Portfolio for Optimal Protection
Portfolio rebalancing can be a very effective strategy, particularly with money earmarked for retirement. No one can guarantee the market will come back quickly from a downturn. Retirement investors must protect their principal because they might not have time to recover from a 40-50% drop in their net worth.
Read More
Be a Good Boy Scout with Your Finances
A single bad market event can have catastrophic effects on your retirement funds so it is important to have safeguards in place to help reduce the possibility of waking up one morning and finding your nest eggs broken. The brokerage community insists that if you are just patient enough your portfolio will rebound but, what if it doesn’t? In today’s article Dennis Miller takes a look at some steps you can take to help protect your Life’s savings.
Read More
Take Back the Retirement You Dreamed Of
With the current economy some people are postponing retirement for a few years or working part-time during retirement in an effort to pay the bills. No one wants to end up in retirement working at Walmart as a “Greeter” or cashier… so lets look at what can be done to plan for a quality retirement.
Read More
Financing Health: How to Plan for Emergency Bills
Paying for unexpected medical bills can be costly and set you back financially if you are not prepared. However, there are some things you can do to minimize the impact of future emergency medical costs and other unexpected expenses. We have put together a list of practical ways you can better prepare for emergency expenses, no matter where they come from.
Read More
Will You Blow $180,000 of Your Social Security?
Optimizing your Social Security payments hinges on more than the age you at which you start receiving benefits. Guru’s and financial planners often make it sound easy to decide when is the optimal point to begin collecting your Social Security. But the question is really trickier than it might seem. Every situation is different and with many couples having two working spouses eligible to collect Social Security deciding on the perfect age to begin collecting is even trickier. But there are a variety of options… some of which are rarely discussed… including having the spouse with the shortest life expectancy begin collecting early while the other waits until later. In today’s post Dennis Miller looks at a few other options you should consider.
Read More
IRS Civil Asset Forfeitures Targets Noncriminals
n addition to the IRS targeting members of conservative organizations it appears that the IRS and other government agencies are targeting ordinary citizens for “Asset Forfeiture” which is another word for outright theft as there is no “due process” involved and the defendant is presumed guilty until proven innocent. In today’s post Matt Chilliak of Live and Invest Overseas describes this latest threat to our “Pursuit of Happiness”.
Read More
The Tale of Two Insurance Policies
Are insurance companies just counting on people being ignorant or lazy? Don’t be one of them, be sure to compare prices and coverage before you send any money. In this post we will look at two different term insurance policies and what to look out for.
Read More
Afraid Your Money Will Vanish before You Do?
The Employee Benefit Research Institute surveys workers each year concerning their retirement confidence. Despite an uptrend, the latest report shows that 82% of workers feel less than “very confident” about having enough money to retire comfortably.
Read More
9 Ways to Retire Rich
For real people, building a rich retirement requires creative solutions beyond “start saving early.” In today’s post Dennis Miller looks at conventional wisdom and compares theory with practice. He shows that the average investor doesn’t even keep up with inflation (i.e. he actually loses purchasing power with every year that goes by.)
Read More
Retirement Planning for the Bommerang Generation- Infographic
Recently, our friends at Milliman Employee Benefits created an infographic on retirement planning for the millennial generation. Millennial’s parents were from the “boomer” generation and because so many of the millennial generation are returning to live with their parents they have gotten the nickname the “boomerang” generation. Of course, if you are living in your […]
Read More
Reducing Investment Stress
Planning your finances and choosing investments can be stressful especially when markets are volatile. But it can be downright scary when like in 2008 they enter free-fall. Many people have decided that the stress (and chance of loss) just isn’t worth it and so they have chosen to stay out of the market altogether. Unfortunately, […]
Read More