Interesting facts about Long Term Care

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One of the most common questions I get when preparing financial plans for people near retirement is about long term care insurance.  As I talk with my clients, I hear two concerns almost universally…first, what happens if I never need to use the insurance, and second, the coverage seems very expensive.  As with many financial products, long term care insurance can be a great product for the right person in the right situation.  I found a very interesting article today ...

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Holding Cash

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There were two interesting articles about holding cash yesterday.  One was about retirees holding several years worth of cash  (click here to read) and the other was about companies holding cash on their balance sheet (click here to read) .  What is interesting is that both articles came to the conclusion that holding large amounts of cash is detrimental to overall performance.  However, both articles miss the same critical point – ...

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Retirement planning for women

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Do women need different retirement planning services than men?  If you listen to the advertising campaigns of many brokerage companies and so-called “financial planners”, the answer is yes.  They offer “special programs” and “proprietary solutions” exclusively for women in a neatly wrapped package.

Women without partners do face different retirement challenges than men without partners.  Generically speaking, women live longer, earned less in their working years and have a lower risk tolerance than their male counterparts.  This does NOT mean, however, ...

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