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Quote of the Week: Caregiving Often Falls to Women

“The average caregiver in 2009 was a 49-year-old woman who had a job outside the home and spent nearly 20 hours per week providing unpaid care to her mother, according to a 2011 AARP Public Policy Institute study.” Emanuella Grinberg, CNN, April 9, 2012, “Caregiving for loved ones the ‘new normal’ for boomers” We hosted a […]

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Quote of the Week: Is It Time For Austerity?

“There’s a debate about the merits of austerity among economists.  …We have to deal with the debt eventually.  …(But) I think probably austerity is bad at this time.” Robert Shiller, Yale University economist and financial innovator (developer of the Case Shiller home price index and Shiller P/E stock market valuation tool), as interviewed in  Money Magazine, April […]

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Quote of the Week: Buy Experiences, Not Things

“Buy experiences, not things.  Spending on experiences makes people happier than spending on things.  Things get broken and go out of style. Experiences get better every time you talk about them.” Jean Chatzky, “8 great rules to grow your money,” USA Weekend, March 30-April 1, 2012

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Quote of the Week: Health Care Costs in Retirement

A 65-year-old couple who retired in 2011 can expect to spend an average of $230,000 on health care services not covered by Medicare, not including any additional expenses for nursing home care, during their retirement. Fidelity Benefits Consulting, March 31, 2011

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Quote of the Week: Money is Just a Tool

“It’s not about money.  It’s about living.  Money is just a tool to help you live your best life.” Kara McGuire, “Seven money tips to learn and live by“ Minneapolis Star Tribune, January 31, 2012  

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Quote of the Week: Lowering Your Investment Expectations

“You still have a lot of people expecting 8% or 10% a year from stocks or even from balanced portfolios.  That’s naive.” Robert D. Arnott, founder of Research Affiliates LLC, Newport Beach, California, and portfolio manager for Pimco  funds, as quoted in “Bad News for Boomers,” Wall Street Journal, March 5, 2012  

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Quote of the Week: Caregiving

“One-quarter of adult children in the United States are currently providing personal care or financial assistance to a parent – a proportion that has more than tripled over the past 15 years.” AARP

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Quote of the Week: Price versus Value

“Price is what you pay.   Value is what you get.” Warren Buffett

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Quote of the Week: Definition of Risk

“Running out of money before you run out of life.” Roy Diliberto, veteran financial planner, Philadelphia PA  

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Quote of the Week: Saving for Retirement

“The amount you save for retirement is far more important than how you invest that money.   … But even the most brilliantly diversified portfolio isn’t going to get the job done if you’re not putting enough into it.”  Suze Orman, O, The Oprah Magazine, January 2012  

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