In developing an allocation strategy for your investment assets, the first question to consider is: how willing are you to take investment risks in your retirement portfolio? If you are unwilling to take any risks whatsoever, then your investment allocations should be in ultra-safe investments, such as laddered CDs, conservative bond funds, money market accounts, treasury instruments or fixed annuities. Even if your risk tolerance is moderate (meaning you are willing to assume some investment risk), more than likely a portion of your portfolio should be in fixed dollar investments.
Research suggests that most Americans turning age 65 will need some form of assistance with everyday activities, known as long-term care, as they grow older. The amount of care needed will depend on many variables, including overall health, cognitive functioning and home environment.
Buying health insurance for the first time can be a daunting task. The good news is that there is more financial assistance for health care coverage than ever before, and you can’t be denied coverage. The answers to some frequently asked questions can help you understand the real costs of a health care plan and choose a policy that suits your needs.
Skydivers, cancer survivors and people convicted of drunken driving have something in common: They all might find an extra charge in their life insurance.
As the tax-filing deadline nears, many people are looking for legitimate ways to lower their tax bills. While the government doesn't make it easy, I can offer a few tips—especially for younger workers—that can help reduce that tax amount payable to Uncle Sam.
By spending the time to compare Medicare plans, older adults could save money on prescription drugs and other health expenses.
This past October, the Centers for Medicare and Medicaid Services came out with an eagerly-anticipated new rule expanding the ways providers can use telehealth and get paid by Medicare Advantage plans.
Retirement presents a unique set of challenges that many of us never think about even as we plan for it. Preparing for retirement is a different ballgame than what we played while working and building up our wealth. This is truer now than ever before as demographics continue to change and, as they do, so do our retirement needs. We're living longer, and the risk of outliving our money is very real for many of us. Add in other factors, like health care costs, taxes, inflation and volatility in the stock market, and retirement poses quite a few challenges.
People have long been conflicted about annuities. On the one hand, they like the guaranteed lifetime income that only these insurance products can provide retirees. In fact, a recent survey of people 55 and older found that 73% considered guaranteed income a highly valuable addition to Social Security.
Back in May, an angry constituent asked Congressman Raul Labrador, an Idaho Republican, why he had voted for the House health care bill, which the constituent claimed would cause people to die for lack of Medicaid funding. The Freedom Caucus member shot back with a now infamous retort: “Nobody dies because they don’t have access to health care.”