Typically, when people think about the biggest risks to their financial security in retirement, health care costs come to mind. However, an often-overlooked risk is the costs associated with long-term care. For many Americans, the term “long-term care” has a new sense of urgency – particularly for the roughly 76 million of those in the baby boom generation. But what exactly is long-term care? Long-term care covers a host of varying services that one may need, ranging from in-home care and … [Read more...] about Is Your Retirement Prepared for the Costs of Long-Term Care?
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Understanding Life Insurance Tax Advantages
Do you have a financial plan set up to protect your loved ones after you pass away? With a well-thought-out life insurance plan, you can do just that. The purpose of life insurance is to help provide a measure of financial well-being for your family and loved ones when you are no longer there. With the purchase of a carefully planned life insurance policy, you can help ensure that your family and loved ones will be taken care of. Life insurance offers two essential benefits. First, it offers … [Read more...] about Understanding Life Insurance Tax Advantages
