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Tips for Leaving an Inheritance to Family: Make sure you think about potential disruptions and plan ahead of time
By sherry@reedcompanies.com |
Families inherit money and sometimes make the right moves investing and spending. Inheritances can also ignite disruption, divorce and a host of bad behavior – far from the hopes and plans of the benefactor. What happens when you leave what’s probably one of your biggest investments: your individual retirement plan? Your Retirement Assets Perhaps most…
Should You Treat Your Kids Equally in Your Will?: The “right” decision is most aligned with your wishes for your family’s future
By sherry@reedcompanies.com |
As parents approach their retirement years, they often grapple with the task of writing their wills and deciding how to allocate their assets among their children. One of the most pressing questions that arise is: should children be treated equally in a will? While the notion of equality sounds like the epitome of fairness, real-life…
Long-Term Care: Better to be Safe than Sorry
By sherry@reedcompanies.com |
As you enter your “golden years”, perhaps you imagine yourself traveling, visiting grandchildren, or pursuing a favorite hobby. Unfortunately, none of us can predict what the future may bring. But, according to the U.S. Department of Health and Human Services (HHS), more than 70% of individuals over the age of 65 will ultimately require some…
Prepare for Long-Term Care Before the Need : Despite the dollars, fears and emotions – you can manage with planning
By Doug Reed |
Long-term care (LTC) keeps you functioning in the face of devastating illnesses, disabilities and prolonged disorders such as Alzheimer’s disease. LTC kicks in when you lose the ability to care for yourself and can no longer do things such as bathe, dress or eat without help. These are three of the six most commonly listed…
A Quick Look at Your Life Insurance Needs: You might consider a needs analysis in order to truly meet your objectives
By Doug Reed |
Have you ever wondered how much life insurance is “enough”? One general rule of thumb says that you should buy an amount equal to five to seven times your annual income. Sure, it may be a reasonable guideline, but this method does not relate life insurance needs to your personal financial goals. A better method…
Medicare Will Not Cover All Health Care Costs: There are out-of-pockets, limitations and gaps that Medicare doesn’t cover
By Doug Reed |
Medicare is a federal health insurance program for individuals aged 65 or older and certain younger people with disabilities. And despite being a widely used program, there are several misconceptions surrounding Medicare, one of the most pervasive being that it will cover all healthcare costs. Myth or Fact: Medicare Will Cover All Health Care Costs…