Your Family’s Inheritance: Pass It on

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Consider this: According to a news article from the Minneapolis Star-Tribune, a 2010 study by the Center for Retirement Research revealed that as the parents of baby boomers die, their offspring are the recipients of the largest transfer of wealth in the country’s history, an estimated $8.4 trillion.

This can be good news/bad news, as much of what comes with that inheritance may not be quite so valuable. As scions of the Great Depression, the parents of baby boomers often were ...

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Retirement Spending: What to do with the Money You’ve Saved

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While there are some of us who have little to no hope of ever enjoying a normal retirement (although we do hope we’ll still be employable in our golden years) there are many who have planned wisely, saved money appropriately and toiled endlessly to enjoy a comfortable third act.

It is at this point that some people wind up with a money problem vastly different from the one they’d faced in previous years. For the first time in their lives, they ...

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Supplemental Insurance: Necessary or Excessive?

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For many of us, our only connection to the concept of supplemental insurance is an amusing series of commercials featuring a slightly obnoxious, but delightfully quirky duck.

Here’s a real definition: Supplemental insurance is extra or additional insurance you can purchase to help pay for services and out-of-pocket expenses that your primary carrier does not cover. This is especially true in regards to adding an extra layer of protection/coverage to a “standard” Medicare policy.

“Medigap” is the most common type of supplemental ...

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Long-Term Care Insurance: Planning Now to Live Longer

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Good News/Bad News: All of us are living longer. The average life span of an American male is now about 75 years, while the life expectancy of an American female is approximately 84 years of age. That’s great news for seniors who have dreams of enjoying travel, family, and beloved hobbies during what many have come to call the “golden years.” Yet figures also show that our golden years are likely to involve an illness – or several – that ...

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Is A Reverse Mortgage Right for You?

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Although the term “reverse mortgage” may conjure up some pretty acute anxiety, it’s actually a pretty basic financial concept and, in a good number of cases, can be of great benefit to our country’s seniors. Like anything of significance  (especially in the financial arena), one must consult with a trusted, professional advisor who can assist you in your decision-making process.

When you clear away all of the varnish (i.e., looking beyond the celebrity status of nostalgic T.V. ‘pitchmen’ that appear during ...

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