Medicare and Medicaid: Do They Pay for Long-Term Care?

If you’re planning for retirement, you probably already know that 65 is an important age. That’s when you become eligible for Medicare, the federal health care coverage provider for retirees. It’s a valuable resource that provides health care protection for millions of seniors. Its sister program, Medicaid, provides similar protection for those who have little

Tips to Protect Your Loved Ones From Estate Debt

As you approach retirement and the later stages of your life, you may be considering your legacy and how you will pass your assets on to your loved ones. Perhaps you want to fund your grandchildren’s education or help your grown children get started on their retirement nest egg. Maybe you have assets that hold

Term Insurance: Is It the Right Strategy for You?

Risk is a natural part of life. Unexpected events that threaten your financial stability happen all the time. Some are small, like a car repair. Others may be more serious. For example, you could suffer a serious injury or illness that limits your ability to earn income. The market could take a downturn and threaten

3 Tips to Get a Better Rating on Your New Life Insurance

Life insurance is one of the most important and effective risk management tools at your disposal. If you pass away, your spouse, children, business partners and others could face significant financial challenges. They may miss your income, or they could struggle with debt. Life insurance provides a tax-free lump-sum payment upon your death to help

How Will You Pay for Health Care in Retirement?

What will be your biggest expense in retirement? Housing? Travel? Taxes? It could be health care. According to Fidelity’s most recent study on health care in retirement, the average 65-year-old couple can expect to spend nearly $280,000 on out-of-pocket health care costs in retirement.1 Many retirees expect Medicare to pay for most of their health

Is a SEP IRA the Right Retirement Plan for You?

Self-employment can be a fulfilling experience, but it can also create numerous challenges. You have to serve your customers and prospect for new business. You have to keep a careful eye on your cash flow and bottom line. You may have employees whom you need to manage. With so many challenges on your plate, it

How Will You Pay for Long-Term Care?

What challenges will you face in retirement? For many seniors, one of the biggest financial obstacles is paying for long-term care. The U.S. Department of Health and Human Services estimates that today’s 65-year-olds have a 70 percent chance of needing long-term care during retirement. Long-term care is usually needed for a few years, and 20