Archive for November 2016

The Road To Retirement Takes Effort

The first things that come to mind when thinking about retirement may be rest and relaxation, but before you reach that point, you need a financial strategy that can support your post-career plans. A recent study found many current retirees are worried about just making day-to-day expenses:1 • The median annual income for married retirees…

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LTC Considerations

Long-term care insurance (LTC) has experienced some growing pains in recent years. Sustained low interest rates and coverage limitations have made it difficult for some to find policies that meet their needs.1 As a result, many LTC insurers have exited the business because they couldn’t make a profit. Today, there are only 14 carriers still…

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Health Care Spending Trends

For the 40+ year period of 1961 to 2002, health care expenses followed a pretty steady upward trend, thanks to things like the introduction of Medicaid, coverage expansion and occasional price increases.1 But between 2003 and  2007, that rampant growth slowed down considerably, and the impact of the recession was felt from 2008-2013.2 Many Americans…

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Retiring Soon? Your Pension Matters

When it comes to preparing for retirement, headlines about underfunded pensions can be troubling. One study found that 21 state pensions held less than 40 percent of the assets needed to pay benefits. To make up for that shortfall, each taxpayer would have to contribute an extra $1,385 per year.1 While not every worker in…

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