Living on the Financial Edge At Paragon Financial Advisors, we recommend our clients have a 3-6 month cash “ready reserve” to meet unexpected expenditures. For most Americans, accumulating that amount appears to be much easier said than done. In the May, 2016 The Atlantic magazine, Neal Gabler wrote an article
The Bipartisan Budget Act of 2015 passed by the 114thCongress in December made some changes in benefits that were available for claiming Social Security benefits. How, and when, individuals and couples claim their Social Security benefits can have significant impact on the amounts received over the claimant’s lifetime(s). Usually, the
There are times we read things that cause us to say, as my friend puts it, “I’ll have to think on that.” Such a time occurred as I read an article in the April 28, 2014 Investment News (pg. 40) written by Mary Beth Franklin. The basic premise was that,
In a previous blog found HERE, we discussed general guidelines of planning for long term care. We will now discuss further considerations in this blog. Cost of Care The majority of individuals provide for long term care through insurance. The cost for those policies has been changing (increasing premiums or reducing
As the American population ages, they face the prospect of long term care expenses. Some families faced this problem with their own aged parents and are now trying to decide how to handle the possible need for themselves. As people evaluate their options, they are facing several factors. Cost of Care According
Declining ability to take care of one’s self is a rising concern, especially as life expectancy increases. The prospect of spending time in a care facility is not something anyone desires; however, it will be a fact of life for some. As such, prudence demands that long term care provisions
We have discussed retirement planning in previous a pervious blog that may be seen here. The primary question usually associated with retirement is “Do we have enough money to retire?” Asset levels, income, and anticipated expenses are, of course, prime components to the answer of that question. However, there are
In this quarter’s newsletter I will be discussing Estate Planning, Exchange Traded Funds (EFTs), and Retirement. Although each of the following articles cover a different topic, they are all components of the financial planning process. Although estate planning is a subject that some people would prefer not to discuss, it
A recent TV commercial featured ads asking individuals the question above. The number referred to the amount of money the individual would need to fund their retirement. While that number was hypothetical, numbers can have significance. Witness the “talking heads” on the financial news channels as they await and report
We at Paragon Financial Advisors are not accountants and urge you to verify any items we discuss with your tax professional to determine its implications in your particular situation. We also do not believe you should “let the tax tail wag the investment dog.” That is, your investing should not