Financial, Investment and Estate Planning Blog

While it may be hard to think of now, it's likely that you'll need some type of healthcare or daily living assistance as you age. People often think that Medicare covers long-term care, either at home or in a nursing facility, but unfortunately, that's not the case. Medicare doesn't cover assisted living, skilled nursing, or long-term care. Paying ...

Retirement evokes different dreams for everyone, but for many, travel is part of the image. If travel is part of your retirement vision, before you leave town, it's important be aware of whether Medicare coverage will protect you while traveling. In the event it does not, you may want to consider purchasing a Medigap policy to protect you along the...

When you've inherited an IRA, there are four options you can take. Transfer the funds to your existing account (spouses only).Transfer the funds to an Inherited IRA.Take a lump sum of the funds now.Choose not to take the funds. There's always the option of not taking the money, thereby refusing the inheritance. While this may sound foolish at first...

One of the biggest financial challenges women often face is preparing for and having enough saved for retirement years. There are numerous reasons why these challenges exist, but through continued awareness and planning those challenges can be minimized. While these aren't all of the challenges women can face, here are a few challenges to be aware ...

One year into the global pandemic, President Biden has signed into action a new $1.9 trillion stimulus package known as the American Rescue Plan Act. It's designed to help the American people continue to recover from the devastating economic impact of COVID-19. With many of the conditions of the last two stimulus packages set to expire, this major ...

Any financial professional or investment manager will tell you: because of compound interest, the earlier you start saving and the longer you let your investments percolate in the market, the larger your nest egg will be in retirement. And in general, that's exactly right. But sometimes, other conditions can impact the size of your accounts: inflat...

Offering an employer-sponsored retirement plan can be a key piece of a business growth and employee-retention strategy. But setting up and managing that plan requires knowledge of federal rules and regulations, as well as an understanding of the plan structure so you and your employees can reap the most benefit. I don't expect you to know everythin...

Most of us recognize the importance of creating a thorough, well-reasoned estate plan. But, we may not give adequate thought to choosing the right executor to carry out the provisions of our wills. It's a responsibility that should be taken seriously, and that's why it's so important to find the right person when putting your estate plan together. ...