Month: May 2016

For Most Seniors Paying for Elder Care is Inevitable

Assisted Home Living Is Now the Target Market for Long-Term Care The new trend in long-term care is assisted home living. Seniors who are purchasing their last home—their retirement home—are retrofitting it for the future home-care living. Why wait until you’re in your 80s to install the walk-in tub? It’s in your master bedroom, so it’s out of sight, out of mind. Pull-down kitchen cabinets replacing traditional cabinetry; now nothing’s out of reach. Single-story homes with no stairs, sunken living rooms or outside steps are out of the picture because assisted home living is the goal. This is not...

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Guaranteed Lifetime Income Sources for Retirement

Create Financial Security with Guaranteed Lifetime Income There are four basic financial flooring techniques that can create financial stability in retirement. Their fundamental advantage is they generate guaranteed lifetime income. That income can pay for domestic spending and travel expenses like visiting grandchildren, annual vacations and volunteer trips. But the greatest advantage of these retirement techniques is it may deliver a sense of financial confidence, knowing the basics in life are covered. The four financial flooring techniques all offering guaranteed lifetime income are: Defined Benefit Plans, Social Security benefits, Reverse Mortgages and Guaranteed Lifetime Income Annuities. Defined Benefit Plans...

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The Future Shock in Retirement: Inflation

The Power of Your Purchasing Dollar Devalued There’s quite a conversation among financial planners and economists today: that we could be teetering on the brink of deflation. With depressed oil prices and international banks offering negative interest rates, it’s no wonder there’s buzz. But history is cyclical—inflation will return. When? No one knows. But when it does, it could return with double-digit vengeance. So hope for the best, but prepare for the worst. Can you imagine preparing now for double-digit inflation in the future? Positioning your portfolio and income resources in preparation for an economic environment that looks like...

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Having a Retirement Plan that Integrates with Social Security

In Retirement Planning, Everything Is Correlated Sir Isaac Newton’s Third Law of Motion has been distilled down to a simple axiom, “to every action there is an equal and opposite reaction.” Money in motion has a similar financial counterpart related to the science of physics. When you receive income, you’ve become the great prime mover. You’ve put money in motion. You’ve initiated a cascading domino effect that may have multiple tax ramifications, especially for Social Security benefits in retirement. You just can’t put money in motion without determining its overall impact on your tax bill. Why? Because in retirement,...

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The Seven Simple Steps to Retirement Success

Most Seniors Need a Track to Run On In Retirement Most people take the time to plan for their 30-day vacation, but don’t take the time to plan for their 30-year retirement. These are baby boomers raised on traditional educational topics like reading, writing and arithmetic, but not much education on budgeting, credit management and retirement planning. Even today, the children of the millennial generation learn under Common Core, but no common curriculum on budgeting, credit cards and retirement. Until financial education is part of the educational process, the seniors of today—and in the future—will need a basic track...

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