The risks to your wealth aren’t only in the financial markets. The wealthier you become, the more liability protection matters. We live in a litigious world, one in which even friends and neighbors can be convinced to see opportunity in the wake of misfortune. A (larger) umbrella liability policy may be an excellent idea. Could
A financially secure retirement involves more than building a substantial nest egg. To maximize each dollar, it also requires adapting long-time spending habits to a retiree’s new way of life. Adjusting to this new normal isn’t always easy, especially when a little retail therapy is a tempting excuse to get out of the house.
A look at three other Long-Term Care (LTC) coverage options Traditional long-term care insurance has grown costlier—and some of those who buy it may never need the coverage. Are potentially cheaper, flexible options available? Yes. 1 Hybrid life insurance policies with LTC riders. These life insurance policies have LTC coverage options available for a fee
Sometimes you need a “sounding board” for your ideas and concerns. If you don’t there may be ” feedback ” when it comes to your financial advisor. When you have financial questions or ideas, you need someone to listen. A professional can listen and help provide insight into possible financial moves you could make—plus give you
It may be a wise financial choice. It may be a good idea for a woman to retire later rather than sooner. Leaving the workplace after 65 may help position a woman for slightly greater retirement income and reduce some of the pressure of funding her “second act.” Women tend to receive smaller Social Security