Retirement Watch Weekly
Finding the Best Long Term Care Insurance Policy
Many people in or near their silver years know they should own long-term care insurance, but there are several hurdles the policies haven’t cleared with them. Fortunately, there is a short cut solution to clearing most of these hurdles. There are several common reasons people don’t buy LTCI: Policies have a history of sharp premium […]
Preparing for Medicare Advantage Changes
Medicare Advantage members soon will feel direct effects from the new health care law. This fall they may need to shift their coverage, and they should begin preparing now. Medicare Advantage plans are run by private insurers. The insurers receive a fixed amount per member from Medicare, and the payment is higher than the cost […]
Planning for Heirs and Your IRAs
Most people have done only part of their essential IRA planning. You aren’t done planning until you’ve ensured the IRA’s beneficiaries have the information and tools they need to maximize the IRA’s after-tax value. The primary goal of the IRA, of course, is to maintain your standard of living in retirement. A secondary goal is […]
Avoiding the Latest Silver Generation Scams
Silver generation investors are susceptible these days, and the con artists know it. Scams are proliferating that focus on helping recover the losses in your nest egg. You’re hearing a lot of pitches that are heavy with rhetoric about Wall Street crooks, government bailouts, high inflation, and currency collapses. Investor fears about these things are […]
Buying Life Insurance & Long Term Care Insurance Together
Consumers are finding ways to protect their wealth from long-term care expenses without buying long-term care insurance (LTCI). Consumers seeking these alternatives, however, need to know some details to ensure they buy the best coverage for them. LTCI sales should be booming. The big Baby Boomer generation is in the prime years for buying LTCI. […]
Making Roth IRAs From Employer Plans
Many 401(k) account owners don’t realize they may be able to convert these accounts to Roth IRAs. The opportunity to convert traditional IRAs to roth iras now is well-known. We’ve been helping readers plan for it since 2008. The law now also allows the conversion of most employer-sponsored defined contribution plans to Roth IRAs. There […]
Avoiding Income Limits on Roth IRAs
Most of the IRA news for 2010 focused on converting a traditional IRA to a Roth IRA. But there’s more to consider. For ex-ample: What about people who want to make annual IRA contributions? Is there a way for all of them to contribute to Roth IRAs? Converting a traditional IRA to a Roth IRA […]
Paying Taxes Now Instead of Later
Many financial strategies are changing, and one of the oldest tax planning strategies should be among them for many of you. Since the beginning of the income tax, taxpayers have been told to defer taxes whenever possible. Don’t pay a tax today when you can put it off to a future year. The advantages are […]
