The World Economic Forum produced a white paper entitled “We’ll Live to 100-How Can We Afford It?” (Lead Author, Rachel Wheeler, Project Lead, May 2017) The basic premise of this white paper was the status of world-wide retirement plans and potential problems and reforms necessary to address those problems. 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
There is considerable discussion in the investment profession concerning the compensation of advisors for investment advice. What is the difference and does it matter? That’s the subject of this discussion. Fee Only Fee only compensation means the advisor is compensated by a flat fee or percentage of assets under management
Retirement planning involves covering estimated expenses in retirement from known resources. Those resources may include pensions, Social Security benefits, earnings from investments, part-time work, or any combination of the above. Estimating expenses in retirement can be a more “interesting” exercise. Many pre-retirees can make a reasonable estimate of basic living
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
That quote is well remembered in conjunction with the passage of the Affordable Health Care Act (“Obamacare”). Well, we are finding out what is in it—and the associated (increasing) costs. Our purpose here is not to debate the passage of the bill; it’s the law of the land. What we