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aging in plce

Quote Of The Week: “Aging In Place” In Your Home

“An AARP survey found that more than 80% of us want to stay in our home as we grow old.” Tweaking your home to ‘age in place’, Bloomberg News, December 9, 2012   More seniors want to stay in their own homes as they age, but that means they’ll often need to make modifications as […]

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health care costs

Medicare Tops Seniors’ Financial Concerns

More seniors (61%) are concerned about the future of Medicare than about any other financial issue, according to a recent survey. “I don’t think it’s a big surprise,” said Mary Dale Walters, senior vice president at Allsup Medicare Advisor, sponsor of the survey, adding that most seniors rely on Medicare for their health care coverage. […]

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Last-Will-and-Testament

Estate Planning Disasters … And How To Avoid Them

Everyone over age 18 should have in place basic estate planning documents like a Will, a Durable Power of Attorney, and advance medical directives providing instructions in the event of a medical emergency. These documents are especially critical if you have minor children or others who depend on you financially. Of course, some people with […]

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second-marriage

Making Your Second Marriage A Success

Marriage isn’t always easy the first time around, and the same divisive issues can surface in a second marriage. About one-fifth of all marriages taking place in a given year are between couples where at least one of the spouses has walked down the aisle before. The good news is that, based on the data available, second […]

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IRA Roth 401k

Higher 401(k), IRA Contribution Limits in 2013

You can put more money in your IRA and 401(k) accounts next year and get bigger tax deductions. Before year-end, make sure to change your payroll deduction instructions for 2013 to take advantage of the higher limits. For 2013, the IRS just announced higher contribution limits for a range of retirement plans and gifts. Traditional IRA […]

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continuing care community

Client Profiles: Thinking About A Continuing Care Community?

Last week, I visited one of our clients at her apartment in a continuing care community. She recently celebrated her 90th birthday and has been living independently in her own apartment for six years. But when we met last week, she told me she had made the decision to to give up some of her independence and move into the facilities’ assisted living […]

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single parent family

Growing Numbers Of Singles At Risk In Retirement

The facts are in.  Single people are more at risk financially than couples unless they make an extra effort to prepare on their own for retirement. The traditional two-parent household is in decline Here’s the backdrop.  American demographics are changing.  Single people, and single parent households, make up an increasing percentage of American households. One […]

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health care retirement

Quote Of The Week: Taming The Cost Of Health Care In Retirement

Carolyn McClanahan is both a physician and a financial adviser. When asked by clients how to prepare for health care costs in retirement (estimated on average to cost $240,000 per couple), she urges them to focus on what they can control – their own lifestyle choices.  Here’s her advice for clients:  “I have no idea what health […]

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older investor

“What Do I Do When I Get Stupid?”

Finance professor Lewis Mandell was taken aback when asked by a former student, now a physician, about how to handle his investments when he got older: Asked the doctor —  “My concern is—what do I do when I get stupid?” It may not be the most eloquently put, but it does express the concern we all […]

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inheritance

What If Your Ship Isn’t Coming In After All?

According to USA Today, many young people in Generation Z, those ages 13 to 22, will be sorely disappointed when the inheritance they are expecting doesn’t materialize. A recent TD Ameritrade study reported in the newspaper found that nearly 40% of Generation Z expect to receive an inheritance, and “as a result, they don’t believe that […]

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