The takeaway: Plenty of people make their grand exit having never needed long-term care or long-term care insurance. The quiz below lets you know if you share the same characteristics with those who’ve typically needed long-term care in their sunset years. If you’re unprepared, the cost of long-term care can be catastrophic for your … [Read more…]
The takeaway. If you buy long-term care insurance, prepare for rate hikes, prediction failures, and the fact that you might not even need the insurance. Naturally, your mileage may vary. 😐 $$$ Boomer, before you buy long-term care insurance, consider the case of Mary Jo Klimenko. I came across her story in Kaiser Health … [Read more…]
Boomer, today’s book review is about purpose and “calling.” As noted in this book, and exemplified by my friend Susan, our purpose and calling can change throughout our lives. And it can have a profound impact on our lives. Proceed with caution… My friend Susan’s purpose and calling was to build a successful business. After … [Read more…]
The takeaway. Today we discuss how Asset Allocation enables you to buy low and sell high–the holy grail of investing. It’s powerful stuff. Also included is how asset allocation let yours truly leave my job, pay off my house, and move to Italy for a year. It works when you work it. $$$ Ahoy, Boomer! … [Read more…]
The takeaway: Asset allocation is the percentage of stocks and bonds in your portfolio. These percentages can supercharge your nest-egg or cause it to plod along. What should the percentages of stocks and bonds in your portfolio be? This post gives you standard rules of thumb to consider. $$$ Greetings, Boomer! In Part 1 of this … [Read more…]