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Thinking about death, and what is going to happen to your family when it you pass away, is an uncomfortable topic for most people. Then, when you phrase it as “estate planning”, most people just say “well that is for wealthy people” and rationalize that they do not need to do it.

For the first couple of months of 2017, the market’s “Trump Rally” continues and it seems as if all major market indexes reach new highs on virtually a daily basis. What is somewhat surprising is that we have continued robust market growth, but without the volatility that usually comes along with a growth spurt of this magnitude.

Choosing an investment portfolio that will help you work toward your financial goals can be a confusing and daunting task. There is an enormous amount of conflicting advice and information available at the touch of a keystroke or through a 30 second sound bite on the financial news.

With income tax filing season rapidly approaching, now is the time to take stock of planning opportunities that are still available to minimize the tax bite come April 15th. When preparing for your tax return, make sure not to miss certain itemized deductions that may be available but aren’t as publicized.

Deduction Opportunities

Part 3 - Paying for Long term Care Costs

Since 2009 interest rates (as measured by the Federal Funds Rate) have been near zero, which is well below the historical average rate. As the economy has strengthened the Federal Reserve Bank has increased rates by ¼ %, and has indicated that it may begin to raise rates further.

It’s almost a given that we are now living longer lives. The typical 65-year-old today can expect to live well into his or her mid 80’s and a couple can expect to have at least one person live into their 90’s.[i] What this means is that a retired couple must prepare for a 30 plus year retirement so we must carefully plan to make our finances last for as long as we do.

Health Care Costs –

The Storm Cloud Hanging Over Your Retirement

Part 2  - Understanding Long Term Care Needs

Why do some households tread water financially while others make progress? Does it come down to habits. Sometimes the difference starts there. A household that prioritizes paying itself first may end up in much better financial shape in the long run than other households.

“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.”- J. B. Colbert