Do You Need Long-Term Care Insurance?

Do you or your parents need long-term care insurance? Let me give you my perspective as a financial professional who does not sell insurance. People use their retirement income for what they value the most: family, friends, personal independence, and dignity. People need long-term care when a chronic condition limits their ability to carry out basic self-care tasks.

Are You Gambling or Investing?

Do you enjoy betting at the casino? Would you consider spending your time at a casino a sound way to prepare for your retirement? Most people I talk to who enjoy gambling are smart enough to set a budget for their gambling, maybe $100 or $500, to go and have some fun at the tables or slot machines. Sometimes they come out ahead, but when they lose, they consider the money they lost as part of their vacation expenses.

Are You Investing for Six Months or for 20 Years?

“I see the noise, and it’s ugly.” Yes, an equity strategist said, “I see the noise and it’s ugly.” But he went on to say, “But understand the big picture: if you’re a long-term investor with the ability to look out beyond a few years, you’ll look back and say, this was a chance to pick up stocks I missed on the way up.”

How Apple Pay, Credit, and Debit Cards Affect Spending

Studies show that people spend as much as 100% more when they do not use real money. However, the new Apple Pay smart phone payment system has great promise. You can leave your wallet, credit card, and debit card at home. Credit and debit cards made spending easier. Now, Apple hopes its new Apple Pay system will be another leap forward in making spending even easier.

Tools to Help Manage Your Financial Risks

People often spend their entire lives endeavoring to build wealth. But wealth can be lost unexpectedly in a moment. What can you do? It would be tragic to you and your family to lose the wealth you have carefully built over a lifetime.  Fortunately, there are risk-management tools to help you protect yourself and your family from the unexpected.