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Understanding Long-Term Care Insurance
(McNeely Content/Blog)
Tags: [long-term care insurance (LTCI)] ...
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A Plan for Your Wealth
(McNeely Content/Financial Strategies)
Tags: [Asset Allocation, Insurance, Tax-Managed Investments, long-term care, permanent life insurance] ...
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Budgeting
(McNeely Content/Blog)
... your goals. Knowing what all of your goals are enables you to create the best plan to achieve those objectives over the long term. While you may not be able to achieve all of your goals simultaneously, ...
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Establishing a Financial Safety Net
(McNeely Content/Blog)
... and long-term disability protection? Are you paying for your child's orthodontics? Are you making car payments? Other factors you need to consider include your job security, health, and income. The bottom ...
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Establishing a Budget
(McNeely Content/Blog)
... and your long-term goals (e.g., your child's college education, retirement). Next, ask yourself: How important is it for me to achieve this goal? How much will I need to save? Armed with a clear picture ...
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Trust Basics
(McNeely Content/Blog)
... or even dissolve it for as long as you live. Living trusts are also private. Unlike a will, a living trust is not part of the public record. No one can review details of the trust documents unless you ...
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Annuity Distributions
(McNeely Content/Blog)
... when they begin, whether the amount can be fixed or variable, and how long the payouts will last. Note: Guarantees are subject to the claims-paying ability of the issuing insurance company. Annuities ...
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Health Insurance in Retirement
(McNeely Content/Blog)
... health benefits to you, you may need to buy a private health insurance policy (which will be costly) or extend your employer-sponsored coverage through COBRA. But remember, Medicare won't pay for long-term ...
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Health Insurance for College Students
(McNeely Content/Blog)
... health plan because he or she no longer fits the definition of a dependent child, your child may be eligible for coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA). This is an individual ...
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Funding a Business
(McNeely Content/Blog)
... have the same expectations regarding the prospect of success. You need to agree on how long you expect it will take for the business to be profitable (be aware that most small business plans are overly ...
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Fixed Annuity Contracts
(McNeely Content/Blog)
Traditional deferred fixed annuities have been around for a long time. And although these contracts can take several forms (some of which are relatively new), they all have common traits. The basics ...
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Shopping for an Annuity
(McNeely Content/Blog)
... a certain number of years after purchasing the annuity. Typically, the surrender charge will begin at about 7 percent and decrease by 1 percent annually. Ideally, your surrender charge is not longer than ...
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Social Security Disability Benefits
(McNeely Content/Blog)
... point that you're no longer considered disabled, or if you are able to earn a substantial amount of money. Finally, once you reach full retirement age, your disability benefits will automatically convert ...
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Understanding Long-Term Care Insurance
(McNeely Content/Blog)
It's a fact: People today are living longer. Although that's good news, the odds of requiring some sort of long-term care increase as you get older. And as the costs of home care, nursing homes, and assisted ...
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Advantages and Disadvantages of Self-Employment
(McNeely Content/Blog)
... a regular paycheck? When you're self-employed, you must be willing to make sacrifices for the sake of the job. You're going to work long hours, which means that you won't have as much time as you used ...
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Asset Allocation
(McNeely Content/Blog)
... and long term. Example(s): Let's say your investment objective is substantial asset growth, you have a 10- to 15-year horizon, and you are willing to assume a high amount of risk. You might choose ...
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Do You Need a Financial Planner?
(McNeely Content/Blog)
... job may mean you are making more money -- no problem there as long as you know the best way to invest it. Getting married may mean you have a second income to count on, but now you have someone counting ...
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Recharacterizing IRA Contributions and Roth Conversions
(McNeely Content/Blog)
... and how much belong to the portion of the IRA that remains. Here's the formula (note that net income can be negative): Net income = Contribution x [(Adjusted closing balance - Adjusted opening balance) ...
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Be Sure To Stock Up In Your IRA
(McNeely Content/Blog)
Retirement statistics show that today's Americans are enjoying longer lives and cite inflation as retirees' greatest economic worry. For that reason a fixed monthly income stream may no longer be sufficient ...
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Educating Your Kids Can Be A Real Education
(McNeely Content/Blog)
... remember that Baby Boomers had children later in life. If Mom and Dad are going to borrow the money, do they really want a new long-term debt obligation when they may be in their 50's? 5. Get the ...
