What’s the Difference Between Retirement Planning, Financial Planning, and Estate Planning?

Q. My wife and I are hoping to retire in 12 years. We have already done our estate planning but have been told by friends and relatives that we need to also do financial planning and retirement planning. Aren’t financial planning … [Read more...]

Are you Ready for Retirement? Advice from Warren Buffett

Mike has worked for the federal government since he graduated from college. He estimates that he will retire in ten years, and he wants to make sure he is prepared when he does. His wife, Lily, is a consultant, who does not have … [Read more...]

When Your Adult Child Is a Financial Train Wreck

Q1. My husband and I are parents of three. Our older daughter, Amanda, who lives close by with her family, has a stable job, and is fiscally responsible. Our son, Joseph, is almost done with medical school, and … [Read more...]

The Financial Problems of CCRCs

A Continuing Care Retirement Community (CCRC) is an age-restricted community where, in most cases, incoming residents must be at least age 55 or older. The facilities offer independent-living units, assisted living units, and … [Read more...]

U.S. Life Expectancy Has Declined for the First Time Since 1993

Last Wednesday, The Economist's “Business of Longevity” conference took place, attracting world-renowned experts in aging. One of the main themes of the conference was the need to change the way we think about longevity, as we are … [Read more...]

Financial Uncertainty in Retirement. . . We Can Help with That!

Life spans are increasing, and many of us are living well into our 80’s and 90’s. At the same time, however, the price of long-term care is increasing, and as we learned last week, you CANNOT count on long-term care insurance to … [Read more...]

The Death of Long-Term Care Insurance?

Maureen’s husband is retiring within the next few years, and her family is now planning in advance for long-term care, in case the need should arise in the future. Recently, in doing some research on long-term care insurance, … [Read more...]