A major risk to all financial plans is a long-term care health event. The astronomical costs of nursing home, assisted living, and in-home care can very quickly eat into retirement savings. That’s why we review the risks of long-term care and mitigation options with clients. PFA invited an expert, Ray Veroneau, Jr., CLTC, to a […]
If you’re not familiar with the term ‘FinTech’, you probably will be at some point soon. Financial technology (that’s what FinTech means) has progressed massively since the year 2000, and will likely continue to grow exponentially in capability and scope. Online banking, digital transactions, robo-advisors and cryptocurrencies are all significant new contributors to the FinTech […]
“Fun is like life insurance: The older you get, the more it costs”. Life insurance is contrastingly both easily understood and the object of much misunderstanding. The basic premise is simple: If you die and have a life insurance policy, the insurance company will give money to your survivors. Used properly, life insurance is a […]
By Kerry Peabody, CLU, CLTC, Long Term Care Insurance Specialist Say “long term care” and everyone immediately pictures a 94-year-old woman tucked away in a nursing home. It’s that perception that prevents many people from planning for long term care. Nobody wants to envision themselves in a nursing home, so they simply refuse to think […]
This week’s PFA Ponderings was written by guest blogger Magdalena Johndrow, MSc, CFS®, a Financial Advisor with Johndrow Wealth Management. The original blog publication can be found HERE. Summer is finally here! This means campfires, beach days, and vacation travel. But this also means higher gas prices, costly summer camps, and added credit card spending. […]
