When you work hard but are sacrificing the enjoyment of your earnings today to build an investment portfolio that will generate income tomorrow, enabling you to be financially free, you want to plan for that portfolio to generate as much income as possible with the least amount of risk. The last thing you want to …
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The Challenges of Planning for Long-Term Care As we age, we may find ourselves facing 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 …
The 7 ADLs Activities of Daily Living (ADLs) are the basic self-care tasks an individual needs to perform on a daily basis to live independently. The medical and Insurance fields name 6, sometimes 7 ADLs, to define whether a person is able to be self-sufficient. These ADL’s include: Transferring – The ability to move from …
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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 to the insurance company in exchange for guaranteed income payments in the …
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Life insurance is an important protection consideration for individuals of any age. It provides financial protection for loved ones in the event of the unexpected and can help to alleviate the burden of debt, funeral expenses, and, most importantly, loss of income. However, many young adults are hesitant to buy life insurance because of the …
When it comes to buying term life insurance, there was once only one way to do it: by visiting a life insurance agent or broker. This traditional method of purchasing term life insurance was often time-consuming and cumbersome, requiring multiple visits to the agent’s office and a lot of paperwork. However, with the advent of …
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Cash-Flow is King https://youtu.be/33FAg8kGB8Y If you don’t have a plan to maintain Cash Flow at all times, you are leaving yourself open to a potential catastrophe. Cash creates flexibility and flexibility enables you to address unforeseen circumstances while also affording you the ability to take advantage of investment opportunities when they present themselves. Expecially those that …
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Table of Contents Should Doctors or High-Income Professionals Buy Whole Life Insurance? Well, the correct answer from a financial planning perspective is – IT DEPENDS! Because I am a financial planner, I can’t give you a definite answer if you should or shouldn’t buy whole life. The real question to ask is: Does owning whole …
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All You Need To Know About Long-Term Care Insurance There is no question that healthcare costs are skyrocketing (along with the cost of everything else…), but the cost of long-term care is accelerating even faster. Imagine if you were forced to spend more in a month to be taken care of (or have someone you …
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So, something has you wondering about long-term care. I understand. Who does not know someone who has lost their ability to remain 100% independent and then struggle to pay for certain services so they can preserve their assets and keep their dignity? You hope that it doesn’t happen to you but you realize it might… …
