Health Savings Account Basics

Since health insurance deductibles have risen to such high levels, it makes more sense than ever to consider the Health Savings Account (HSA) as part of your financial plan.  HSAs have some real advantages to other other tax favored health…

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Pros and Cons of a 401k Rollover

Today it is rare that a person will work for the same employer their whole career.  And, the number of people reaching retirement age is growing each year.  This means that, at some time or another, many will need to…

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The New Estate Planning

Before the Federal gift and estate tax credit grew to its current $5.49 million, avoiding estate taxes was the primary goal of individuals and couples of even modest wealth.  Today, many who might have already had an estate plan in…

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Medicare ABCs

It is estimated by the Centers for Medicaid & Medicare Services that about 57,000,000 are enrolled in Medicare Part A or B.  With the growing number of Baby Boomers reaching retirement age, that number is sure to rise.  So what…

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The Wealth Health Connection

As a Certified Financial Planner ®, I often discuss the importance of  planning for health care expenses in retirement.  What I overlooked, until now, was how important having good health in retirement is to many and the connection between wealth…

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The Importance of Trustee Selection

Years ago, while I was still practicing law full-time, I was hired to help administer the trust of a man from my church that recently died.  The trustee was one of the man's sons. I thought it would be fairly…

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Long-Term Care Insurance Update

The Centers for Medicaid and Medicare services Medicare Handbook reports that  seven out ten people will need some kind of long-term care (LTC).  A recent Nationwide Retirement Institute poll found that only 14% of adults aged fifty and older have…

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Investing and The Rule of 72

Investor behavior has become the subject of quite a bit of study the past several years.  There even is a name for it-Behavioral Finance.  As academic people often do, a whole terminology has been invented to describe the psychology behind…

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Combating Elder Abuse

     One disturbing thing that I have seen as an attorney and financial advisor is the frequency that older Americans are financially victimized by others.  This comes in the form of strangers that prey on the elderly with fraudulent schemes…

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