Retirement Watch Weekly
Bob’s Journal for 9/3
It is the World War II era all over again as far as monetary and fiscal policy are concerned. This week, the Congressional Budget Office confirmed that in 2020, the federal debt held by the public will exceed gross domestic product (GDP). This is the first time that’s happened since World War II. In addition, […]
How Much Does Long-Term Care Insurance Cost?
Long-term care is a system of personal services and medical care provided to someone who is cognitively impaired or can’t perform two or more of the six activities of daily living (ADLs). The ADLs are dressing, bathing, eating, walking, toileting, and transferring (such as moving from a bed to a chair without help). Despite the […]
Is Long-Term Care Insurance Worth It?
As an individual ages, a decision must be made about whether or not to buy long-term care insurance (LTCI). Long-term care is the provision of personal services and medical care to someone who is cognitively impaired or can’t perform two or more of the six activities of daily living (ADLs). The ADLs are dressing, bathing, […]
Does Medicare Cover Long-Term Care?
Medicare is the primary medical insurance for most Americans ages 65 and over. But does Medicare cover the expensive costs of long-term care? The possibility of needing long-term care, and having to pay for that care, is one of the great fears of older Americans. Understanding exactly which long-term care costs Medicare will cover, and […]
Bob’s Journal for 8/27/20
Some Notable Events That Grabbed My Attention This Week Big changes were announced in the Dow Jones Industrial Average (DJIA) this week to take effect Aug. 31. The DJIA is composed of only 30 stocks. Unlike the other major stock market measures, the DJIA is price-weighted. The higher a stock’s price, the greater a percentage […]
Estate Planning for Those with Special Needs: The Special Needs Trust
In last week’s edition of Retirement Watch Weekly, I presented Estate Planning for Those with Special Needs. There are other important provisions for proper estate planning in this scenario, so let’s dive right in. Living trusts become more important to those with chronic illness or conditions. These trusts allow a co-trustee to manage trust assets […]
Bob’s Journal for 8/20/20
Some Notable Events That Grabbed My Attention This Week The major stock market indexes continued climbing to new highs, but there were changes in the stocks pushing the indexes up. As you are aware, the U.S. stock indexes had a very few stocks earning high returns while the rest of the stocks in the indexes […]
What Is and Isn’t Included in a Will?
A will is a written document in which an individual, known as a testator, directs how his or her assets are to be divided and other matters are to be handled after his or her death. However, wills are not a do-it-all document. A testator should be aware of what should and shouldn’t be included […]
