Many Americans don’t expect to ever retire: That’s the headline of a recent USA Today article about the annual Wells Fargo Middle Class Retirement study, which surveyed 1,000 middle-class Americans between the ages of 25 and 75. Journalist Rodney Brooks reported on the study’s findings and interviewed several financial professionals, including yours truly, about those findings. […]
As Baby Boomers get older, many of them are suffering because they weren’t fully prepared for the hardships of aging. These days, getting old seems to be harder than it used to be––families live farther apart and aren’t always able to care for each other the way they did in the past. […]
When faced with the unexpected cost of long-term care for the first time, people are often concerned about their ability to pay for care for themselves or for their parents. Typically, there are three ways one can pay for long- term care: private pay, insurance, or a government option, such as Medicaid. Frequently private pay isn’t an option, or you can see the writing on the wall that the money will not last. […]
There are a lot of people out there, many with a fist-full of credentials, who are intimating that the glory days of the United States are over. Some liken us to the Roman Empire—and you know what happened to them. […]
Whether you plan to use a trust or a will as the center stone of your estate plan, the following list may help you avoid some common estate planning mistakes: […]
An Avoidable Tragedy By Craig Watson Don’s father, Al, was 68 years old and in average health. Don thought the world of his Dad. Don considered Al to be strong and organized, the family patriarch […]
I recently had a chat with someone who was beginning to understand that her father needed more help than she realized. She related the following to me (used with her permission, of course): […]
In a time where the median household income is shrinking in nearly every major city, prices of goods and services are on the rise and credit card debt is just beginning to decline from an all time high, it is easy to find yourself falling behind on monthly expenses. If this is the case, then it may be time to start learning the basics of household budgeting. […]
As of March 8, 2013, the S&P 500 is expected to earn about $110 over the next 12 months. With the S&P 500 trading around 1500, the index trades at a multiple of about 13.5 times earnings. If we take the inverse of this we get about a 7.5% earning yield. Where else can you bet that type of return? Ten year treasury notes yield about 2%, corporate bonds yield about 3.25%. We believe your clients should be overweight equities until we see the discrepancy between the two asset classes shrink. […]
Beginning Oct. 1, 2013, people under the age of 65 can sign up for the new Affordable Health Care Act with coverage effective Jan. 1, 2014. This will not cut Medicare benefits. […]
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