Archive | Elder care

Social-Security-benefits-paid-on-dates

Incapacity planning for Social Security

As the Coronavirus continues to put people of all walks of life in hospitals and on ventilators, the necessity of incapacity planning is starting to hit home. The question now isn’t so much “what if I die?” (although there’s that, too), but “what if I’m unable to speak for myself? Who will take care of […]

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How should you really evaluate retirement health care costs?

A crucial part of retirement income planning is helping you estimate health care expenses in retirement, both in the first year of retirement and over a your life expectancy. These costs are notoriously difficult to estimate because they depend on: 1) a client’s health care usage (i.e., health status) both now and in the future; […]

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CFPB

Managing your loved ones money and affairs

It may be overwhelming to manage the affairs and money for a loved one who isn’t able to do that for themselves anymore. The Consumer Financial Protection Bureau (CFPB) has released booklets to help with the money side of things and … especially important … walking you, the caregiver, through your duties, spotting scams, and […]

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withdrawal rates and POF

How to Use “Dynamic Updating” to Determine a Prudent Retirement Income Based on Age

This article is a brief summary of how all of our * research papers tie together to modernize the retirement income measurement from your investments. In other words, how to determine a prudent amount of retirement income. Advisers generally annually update plans with their clients. An important part of this update process is capturing new […]

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retirement

When should you get an immediate annuity? – Updated

I always marvel at a good writers’ ability to digest a complex topic down to its’ essence! Robert Powell did just this in his article titled When are income annuities right for you? Rather than steal his thunder, I recommend you read his article for yourself. Source:  Robert Powell’s Retirement Portfolio (Wall Street Journal’s Market Watch) Sept. 7, 2013, 6:00 […]

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long term

When you need help with daily living activities …

People do not want to think about needing long term care. Most often, we think of this as an old-age issue. However, injury or illness that takes away your ability to bath or dress may also trigger long term care needs and benefits. Additonally, advances in medicine mean that life is now extended such that the risk goes […]

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