Long-Term Care Insurance should be on your agenda

As Baby Boomers grow into their sixties, the possibility that at some point soon you may need long-term care becomes a real possibility. Since that kind of care can cost $250/day or more, depending on where you live, it makes sense to at least consider buying insurance.

By Bill Schmick
March 31, 2016

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Boomers’ kids don’t want your stuff

You saved all your life, acquiring all sorts of assets that you now want to leave to your children. Today, more and more Baby Boomers are finding that their kids just don’t want that antique auto or that original oil painting.

By Bill Schmick
August 6, 2015

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How to teach your kid to become the next Warren Buffet

Children in America need to learn more about money. How to value it, save it, spend it and retire on it. The evidence thus far indicates that we have all been doing a poor job in educating our kids. Here are some suggestions to remedy that failing.

By Bill Schmick
April 2, 2015

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Kids and Money

Given that most Americans grow up with little or no idea of how to save, budget, or spend money, it might be a good idea to ask why. It begins with the family but discussing money in this country is as uncomfortable as talking about sex. That needs to change and it starts with our…

By Bill Schmick
March 12, 2015

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Should you retire your mortgage before you retire?

Many retirees, concerned with no longer having a steady paycheck, have asked me for advice on whether to pay off their mortgage early. There is no definitive answer but here are some variables to consider when making a decision.

By Bill Schmick
June 26, 2014

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When should you file for Social Security benefits?

Many of us yearn for the day we can retire and live the good life. However, too many Americans plan to retire at age 62 simply because that is when they become eligible to collect Social Security. That might not be a good idea in the majority of cases.

By Bill Schmick
May 1, 2014

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