Most people envision retirement as a relaxing and enjoyable time spent pursuing long-held dreams and hobbies. In the excitement of retirement planning, it’s easy to set aside thoughts of how poor health or an unexpected medical emergency might impact your plans. Specifically, your retirement nest egg could take a huge hit if you haven’t prepared […]
A couple of years ago, a friend asked me if I had long-term care insurance (LTCi). Since both of us are self-employed and closer to 60 than 50, it wasn’t just idle curiosity on his part. Neither of us has employer-sponsored coverage to help our families cope with the financial fallout if we suddenly lose […]
HSAs and HRAs (Health Savings Accounts and Health Reimbursement Arrangements) can help you cover healthcare-related expenses. However, the two are structured quite differently and have different pros and cons. It won’t be a shock to you to learn that healthcare costs in the US are out of control. In fact, in the past 75 years, […]
Traditional financial planning focuses on buying a home, raising children, funding college, and retiring. Special needs financial planning, on the other hand, is designed to help you manage your money so that you can provide for the lifelong needs of your child with special needs. Get to know financial advisors who specialize in serving special needs […]
According to the Bureau of Labor Statistics, there are 40.4 million unpaid family caregivers over 65 in the United States. In a recent study by AARP, unpaid care provided by family caregivers is estimated to be worth over $470 billion per year. Many caregivers are hesitant to move a loved one into their home due […]
We recently received a reader question on investing in an HSA (Health Savings Account) and I thought I’d follow up with my thoughts in an article, as I have quite a few. It’s worth mentioning that I am a founding member of the HSA Committee for the Plan Sponsor Council of America, which helps educate […]
Travel insurance is one of those categories of insurance that perplexes a lot of people. Is it a waste of money? Do you need it or not? Should you purchase domestic travel insurance or only consider it for international trips? And what do travel insurance policies cover anyway? In this article, we’ll answer those questions […]
I know I was. If you have a Health Savings Account (“HSA”), then hopefully you already know the basics: It’s not use it or lose it – any money left over at the end of the year rolls over The money is yours, so it goes with you if you leave your job You have […]
Homesharing is when two unrelated people come together for the purposes of sharing a living accommodation, such as a home or an apartment. Now you may think this sounds like a typical roommate situation, but there’s actually more to homesharing than that. Homesharing is a term used by a movement started by Maggie Kuhn, an […]