Retirement Planning

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Save more money

Use This Simple Mental Trick To Save More Money

Americans like to spend. Nearly half of us are saving no more than 5 percent of our incomes, while 18 percent are saving nothing at all, according to a new report. The average American family savings account balance is $3,950, 40% of working Americans are not saving at all for retirement and 25% have no […]
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Everything You Need to Know About Long-Term Care!

Life expectancy is increasing, but as a result many people are living longer in poor health. Coupled with rising medical costs and the potential cutbacks on programs like Medicaid, it is extremely important that everyone, especially those in their 50s, begin to address the major components of long-term care (LTC). In this article and video […]
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Long-Term Care (LTC) Terms And Glossary

Activities of Daily Living (ADLs)The “activities of daily living,” or ADLs, are the basic tasks of everyday life, such as bathing, continence, dressing, eating, toileting, and transferring (such as moving from bed to wheelchair). Long-term care provides assistance for the these tasks to maintain quality of life. Adult Day ServicesAdult Day Services are designed especially […]
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Consider Long-term Care Insurance

With the average life expectancy of Americans at 77.8 years, the likelihood that we will need long-term care (LTC) has increased dramatically. In fact, more than half of us will spend part of our lives in situations that require some sort of LTC. Americans who reach age 65 will have a 70 percent chance of […]
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Retirement Benefit Changes in 2015

How Your Retirement Benefits Will Change in 2015

Starting next year, there will be important changes to your Social Security, Medicare, Individual Retirement Accounts, and 401(k)s. Here are the new features your retirement benefits will have.  Social Security – Recipients will see a 1.7% increase next year for the annual cost-of-living adjustment. For those working, you will still be paying 6.2% of your income […]
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Why you need a financial plan

Why You Need a Financial Plan Part 3

In this series so far we covered how a financial plan can help you optimize your Social Security benefits. Click here to read part 1 and part 2. With advances in technology, you can easily analyze and compare different strategies and the results that follow. The purpose of a financial plan is to discover and establish […]
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IRAs For Retirement and Inheritance

An Individual Retirement Account (IRA) is a great way to save for retirement. An IRA also can be a great inheritance for your heirs – if done properly. One wrong move and you may owe a huge amount in taxes. The biggest benefit of an IRA is the tax benefits. All of the interest, dividends […]
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