In these posts we will endeavor to provide some answers to general questions we receive that we think will be useful to you. We have a list of questions that we hope to answer in coming weeks, but we also want you to have an opportunity to ask questions that we may not have already encountered. So please submit general questions that you would like to be answered, and we will do our best!
Have a Question?
If there is something you would like to know about financial planning or our services please send us your questions.
Typically, a “Rollover” is in reference to a process that occurs when an individual is either retiring, of retirement age, or otherwise departing from a current employer. Unless you already have an IRA (Individual Retirement Account) established, you would set up an IRA, and then “Roll” everything contained in your employer’s account to the IRA. The types of employer-provided plans include everything from a 401K
This past month has been exceptional in regard to the number of deaths we have encountered: three close family/friends, and then a client who lost two family members back to back. Death, that final passage of our lives, our final transition, is never easy for those of us left to grieve. But in truth, it IS a natural part of our lives, and an experience
I recently reviewed some statistics or hard numbers that appeared in the January 2018 issue of the Journal of Financial Planning. And even though we have always believed that everyone needs to have a plan for how to cover our costs of long-term care, reviewing these stats really drove the issue home for me. So, if you will, please consider some of the following startling
These two terms are occasionally used interchangeably, but they refer to different processes that can produce a taxable result in your investment accounts. They are terms that you hear frequently on the news, business channels, and publications, so I thought that it might help to break down the terminology a bit. I should start by clarifying that dividends and capital gains are deferred in qualified
As with the simple answers I penned about whether or not you need long-term care insurance, in which the answer was “Yes”, the simplest answer to the question above is “Now”. I seem to enjoy finding the simplest answers to what are often complex questions! Many individuals have in their back of their minds a certain time of their lives when they think they should
Because You Asked: What Are My Options for Long-Term Care Insurance (Long-Term Care Insurance, Part 2)
To review: last week I wrote about the need for Long-Term Care Insurance, answering the essential question: Do I need it? The short answer is Yes, you do. As we age, we will either: a) continue to get older, with increasing health issues or b) die. So, if you do not die at an earlier age, chances are pretty good you will need some type
In a word, YES. And the other truth that goes along with it is that very few people are willing to take an honest look at this need. Why is it such a difficult issue for us to face? There are many reasons that I have heard, but here are a few of them: “I probably won’t need it, and if I don’t use it,
This question reminds me of the Capital One credit card campaign, but a client put this query to us, and it was one of those questions that made us go “hmmm…”- what IS or perhaps what should we carry in our wallets? So this is the list that we developed: Identification– Kind of a necessity Health Insurance card or Medicare card/Prescription Drug Plan/Medicare Supplement Some