Understanding Long-Term Care

Addressing the potential threat of long-term care expenses may be one of the biggest financial challenges for individuals who are developing a retirement strategy. The U.S. Department of Health and Human Services estimates that 70% of people over age 65…

Keep Your Umbrella Handy

In 2017, the U.S. had a record 11.5 million millionaires, up from 10.8 million in the previous year. An increase in personal wealth may bring greater financial flexibility; it may also bring greater liability. Individuals with high net worth, or…

Disability and Your Finances

The Social Security Disability Insurance program paid out $142.8 billion in benefits in 2016. And with a rush of new applicants lining up each year, the system is expected to exhaust its reserves at the end of 2034 if changes aren’t…

Term vs. Permanent Life Insurance

According to industry experts, most people don’t have enough life insurance. LIMRA, which keeps close tabs on the industry, recently reported that average coverage equals $168,000, or 3.4 years in income replacement. That’s less than half of the recommended 7…