The Challenges of Planning for Long-Term Care As we age, we may face new challenges, such as declining health and the need for long-term care services. This can be a difficult and overwhelming time for individuals and their families, as the emotional and financial cost of long-term care can be incredibly high. Long-term care insurance …
Category Archives: Retirement Planning
Annuities versus Investing: The Balance of Risk and Reward in Retirement Planning
https://youtu.be/JSaZtAjU4d8 Annuities are a popular yet controversial investment choice for anyone seeking income from their money. They are a contract between an annuity owner and an insurance company in which the owner pays a lump sum or a series of payments over time in exchange for guaranteed future income. These payments can last for a …
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Sorry You Don’t Make Money Borrowing Using The Bank on Yourself or Infinite Banking Concept
Licensed insurance agents, out to sell more life insurance, are promoting both the Bank on Yourself and Infinite Banking concepts to explain how people can bypass banks and become their own source of money by properly structuring a traditional whole life policy. The idea behind Infinite Banking and the Bank on Yourself concept is that a person …
Determining Break Even on Social Security Income
The factors you should be looking at when considering how long it will take you to break-even when you wait to take Social Security retirement are more involved than you may think. First of all, the decision of whether or not to take social security benefits as early as possible, the month you turn 62, …
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Benefits of Waiting Past Full Retirement Age to Receive Social Security Retirement
What are the benefits of waiting past full retirement age to start taking Social Security retirement income? The year you were born determines when you are considered to reach full retirement age for Social Security purposes. At full retirement age you are eligible for 100% of your primary insurance benefit. A fully insured worker is …
