Archive | Elder care

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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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What to do, and not do, as an executor with the deceased credit cards?

What to do, and not do, as an executor with the deceased credit cards?

So you’re the executor/successor trustee of the will/trust of a loved one. What do you do about their remaining credit card debt? Are you personally obligated to pay those from your funds? How do you close all those credit card accounts? What documents will you need to contact the credit card companies? How do you […]

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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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Your Medical Mind. How to decide what is right for you.

As I read this book, Your Medical Mind, it struck me how similar making medical decisions are to making financial decisions. For example, a quote from page 82: “… uncertainty pervades much of medical decision making. And in situations where one can not predict the outcome exactly, how the decision is made can be as important as what […]

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