Blog Posts

  • The Changing Landscape of Long-Term Care Insurance

    July 23, 2012
    Last December, I wrote a blog about hedging against inflation by using the 10-pay option on long-term care insurance contracts. Long-term care insurance is a hedge in that you use current dollars (premiums) to pay for future costs (benefits paid). If you can front-load the premiums by paying the policy ...
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  • The RMD Approach to Retirement Spending

    July 16, 2012
    Accumulation is easy. Save money. Decumulation is tougher because now you need to pick a strategy and stick with it. Strategies abound: Spend your interest and dividends and never touch the principal (which is difficult in today’s low-interest-rate environment); follow the “4% rule” and index that for inflation; or annuitization ...
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  • 0% Interest Rates and Your Retirement

    July 9, 2012
    A recent article by Michael Finke, professor and coordinator of the doctoral program in personal financial planning at Texas Tech University, points to a problem we financial planners have been having for the last several years—a problem we might not be able to shed soon. The problem is interest rates, ...
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  • The Supreme Court Just Announced, “Your Taxes Are Going Up”

    July 2, 2012
    We now have certainty about what the future holds for the Patient Protection and Affordable Care Act (PPACA). By upholding the PPACA, the Supreme Court kept the wheels moving that will affect all of us for years to come. The new law comes with some very specific tax provisions that ...
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  • 3 Tips for Entrepreneurs Having Good Years in Business

    June 25, 2012
    Last week, an article on CNNMoney shared stories of entrepreneurs who had started successful businesses in oil-rich areas like Williston, North Dakota. As I read through the different stories, I couldn’t help but feel a sense of unease. Of course, I am excited that entrepreneurs are succeeding, but I’m also ...
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  • Never Let a Crisis Go to Waste

    June 18, 2012
    “Never let a crisis go to waste.” These words have been used a lot in history, most recently (and famously) by Rahm Emanuel in early 2009 as the fiscal crisis was in full bloom. The quote seems cold and calculating, but at the heart of this phrase is the concept ...
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  • It’s Them, Not Me

    June 11, 2012
    Greece is now the poster child for debt. In a recent Bloomberg article, Robert Benmosche, CEO of AIG, was quoted as saying that many Europeans are going to have to get used to the idea of retiring later; maybe at 70 or even 80. The article points out that the ...
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