Moving to a New State? Consider these Three Factors First

You are not alone if you are considering a move to a new state. In 2018 and 2019, the US Census Bureau estimated that 7.6 million Americans, or 1.5% of the population, moved to a new state. That rate has likely accelerated following the Coronavirus pandemic’s effect on work, health, family, and friends, or simply […]

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Is Your Homeowner’s Policy Adequate Today?

What is the biggest financial risk you face? People often think of their investment portfolio or 401(k), but your biggest asset may be the equity you have in your home. The catastrophic fires and devastating losses the past few years have refocused homeowners on insurance. Through my personal experience of losing my home in the […]

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The Wild Card in Retirement Planning: Health Care

A common financial planning hot-button issue is worry over the cost of health care on a fixed income in retirement. While we of course cannot predict how much care a retiree will need or their actual life expectancy, health care risks can be mitigated by understanding how Medicare works, maintaining good health, and with informed […]

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Reverse Mortgages Can be a Retirement Tool — With Caution

You’ve saved. You’ve invested. You’ve worked hard. But somehow, you fear there won’t be quite enough income to live on comfortably when you retire. What else can you do? Though we would only recommend this option under very specific circumstances, a reverse mortgage is a planning tool that can enable you to borrow against your […]

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Not-So-Powerful Powers of Attorney: What You Need to Know

Everybody should have a power of attorney—that is, a legal document that gives a designated individual the right to act on their behalf when making financial decisions. The power of attorney is most often used by adult children to make decisions on behalf of aging parents when they are no longer capable of making sound […]

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Have a Plan for Aging Family Members’ Finances

We all know that aging can bring its challenges — and one of the more difficult aspects is that it can eventually reduce our ability to manage money and make sound financial decisions. Experiments show that our reasoning skills drop steadily after peaking at age 53. Add to that dementia, which affects about 1 percent […]

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7 Steps to Build a Successful Estate Plan

Over 50% of our adult population does not have a current or up-to-date estate plan to protect themselves and their family’s assets; that’s half of your family, friends, and associates. Estate planning is a financial process that can protect you and your family and is a very important component of your overall financial planning. Now […]

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