Given that the cost of long-term care can quickly deplete your life’s savings, you should seriously consider adding long-term care insurance to your financial plan. Plus, there’s about a 70% chance you’ll need some type of long-term care after age 65. Should you ever require it, a home health aide visit costs about $19 an [...]
For Mark Roberts' Use: As you plan and prepare for retirement, you’re probably thinking a lot about your future budget. After you retire, you will be living off of the retirement income you’ve established for yourself, along with your Social Security benefits. You might be eyeing your retirement fund, anticipating the income you can withdraw from [...]
For Mark Roberts' Use: For many people, an annuity is a good choice for generating retirement income. But because there are so many different types of annuities out there, it’s tough to know whether you’re choosing the right product. It’s important to evaluate whether your annuity will really provide for your retirement income needs. Annuities are [...]
For Mark Roberts' Use: As with other social issues during election season, the wage disparity between men and women has been a big topic in the news this year. Statistics say that women earn less money than men, so it probably doesn’t surprise you to hear that retirement savings differ as well. In 2014, a study [...]
For Mark Roberts' Use: A few months ago, we blogged about the Social Security Cost of Living Adjustment (COLA) for 2017, which at the time was expected to be nonexistent. Experts were predicting that Social Security would not release a COLA in January, and that benefits checks would remain the same. Now, it looks like [...]
For Mark Roberts' Use: What kind of deductible does your health insurance carry? What would you do if you suffered a severe illness or expensive accident? If you're like nearly 90 percent of middle-income Americans, you could be forced to sacrifice some of your retirement savings to pay high medical bills. Before making this drastic mistake, [...]
For Mark Roberts' Use: After years of hard work and dreaming about your retirement, who could blame you for wishing it could start now? And if you're like a lot of people, you'd even be willing to make some major life changes if it meant you could give up your job now. According to one [...]
For Mark Roberts' Use: Throughout your career and while you were raising a family, you understood that life insurance was essential to protecting your loved ones. But now, with your children grown, you might be wondering whether you still need life insurance. But don't drop that policy just yet! Consider the following reasons for hanging [...]
For Mark Roberts' Use: You expect to retire around age 65, perhaps even later, but sometimes things don't work out as we had planned. In fact, 7 of 10 current retirees stopped working before they reached their 65th birthday. Sometimes an early retirement is intentional, but often the decision is forced upon us by illness, [...]
For Mark Roberts Use: Most people enjoy giving to charity, and they also appreciate the possibility of a tax deduction. For years, rules allowing for a qualified charitable distribution (straight from your IRA to the charity of your choice) have been hung up in the political machine. Some years you could claim the deduction, and [...]