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.