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.
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.
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.
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…
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.