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
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
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
Quote of the Week: Price versus Value
“Price is what you pay. Value is what you get.” Warren Buffett
Quote of the Week: Definition of Risk
“Running out of money before you run out of life.” Roy Diliberto, veteran financial planner, Philadelphia PA
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
Quote of the Week: Top Financial Blunder
“When asked to select their top financial blunder of 2011, approximately 1 out of 5 workers surveyed by Principal Financial Group said they did not save enough during the year. And 18 percent said increasing debt was their top mistake.” U.S. News & World Report, December 22, 2011
Quote of the Week: Giving Thanks
“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” Oprah Winfrey
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
