Long-Term Care Insurance
Roughly half of today’s 65-year olds will eventually develop a chronic medical condition, a disability, or a disorder that will require some form of long-term care services. Waiting until you are already suffering from a debilitating condition will make it nearly impossible to qualify for long-term care insurance. Regular health insurance does not cover the […]
How is the Government Navigating These Unprecedented Times?
The Coronavirus outbreak has affected the lives of every single person on the planet. Economically speaking, it has had a unique effect as it has resulted in rapid market changes in a way that hasn’t really seen before. Most economic slowdowns unfold at much slower speeds and over a longer period of time. Events build […]
Art of Helping “Smartly” During the COVID-19 Pandemic
As more and more companies are forced to let employees go — and as more shut-down businesses struggle with bills and bankruptcy — friends and family less affected by the coronavirus crisis will want to lend a helping hand. The question is: how do you do that, smartly? HCR Wealth Advisorscan help. While many will simply […]
Retirement Planning: Using Non-Taxed Assets to Keep the Taxman at Bay
You want to stretch your retirement nest egg as far as possible and to do that, you need to think of the taxman during the accumulation phase. How taxes play a role in retirement spending One thing is clear: the more taxes you have to pay in retirement, the more assets you have to accumulate before […]
Navigating the COVID-19 Crisis Webinar – Recording Now Available
Last week our Chief Investment Officer, Jordan Kahn, CFA®, provided an in-depth look at the market, as well as an overview of our investment management strategy during the current crisis. Click here to listen to the full webinar recording on our YouTube channel. Key Topics Included: Data points to keep in mind Are we in a bear market? […]
Social Security: Can I Collect Benefits As An Ex-Spouse?
Most conversations about Social Security today focus on whether or not “it will be there” when you retire. Or, among beneficiaries, if payments shouldn’t go up faster than they do each year, compared with inflation. What conversations aren’t about is what a godsend these monthly automatic bank deposits are as part of people’s retirement income. […]
Emergency Prep: Maybe Emergency Food Supplies Aren’t So Silly After All
Say “emergency food supplies,” and we immediately think of doomsday preppers. People with bug-out bags so there’s an escape path from encroaching danger. Or hidden stockpiles of food and weapons in the case of Armageddon. But 2020 has shown us that no one is exempt from needing to prepare for an emergency. And in this […]
Financial Advisors Part 2: What You Need to Know
How are financial advisors paid? How financial consulting companies charge can seem confusing, as it’s multi-layered. It’s one area where you will want to get complete clarity. The fee structure An advisor’s fee structure can be fee-only, fee-based, or commission only. The structure you choose matters. As the name implies, a fee-only advisor receives no commissions on […]
Managing Your Budget During Uncertain Times
We are living in unprecedented times. Many Americans are currently feeling uncertain because of the coronavirus pandemic and managing finances during uncertain times can be quite challenging. Markets can be volatile and a continuing stream of breaking news (often negative) can leave you feeling like you have no good options left when it comes to […]
CARES Act Update
The recently passed Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, has introduced many provisions that clients should consider. Below, we have highlighted one section of the act that outlines the potential benefits and resources clients can utilize when considering their retirement accounts. RMD’s are suspended for 2020 Required minimum distributions will not be […]