Long-term care is not the type of care that you receive in a hospital or your doctor’s office. It isn’t the medical care you need to get well from a sickness or injury. Further, long-term care is not always administered in a nursing home.
The need for long-term care usually arises from age or chronic illness, injury or disability. In fact, approximately 70% of us who reach age 65 will need long-term care at some time in our lives.**
Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating sound financial strategies for you and your family.
When we compare our survivors’ needs to the total resources we can provide at death, most of us will find a shortfall. A shortfall situation means that our survivors will be left with the choice of either finding additional resources that we have not been able to identify, or do without many of the financial needs that you hope to cover.
Often times, because it seems far off in the future, little thought is given as to how to save and plan financially for a college education. However, it is much easier to save while the child is growing up and pay for college from our savings than to attempt to pay for college as the expenses are incurred, out of income.
Is your comfortability in retirement a concern? When you are headed into the unknown it just makes sense to have an idea of the basics. This report helps you do that from a high level.
In this Q4 recap: the appearance of two COVID-19 vaccines gives businesses and consumers hope and lifts stocks; U.S. lawmakers approve a second financial stimulus; European negotiators sign off on a post-Brexit trade deal.
Last week’s short squeeze in the markets left a few people rich and most people confused. Meanwhile, the GDP rise in Q4 brought us ever closer to normal after the downturn last year. Don’t be distracted by the headlines. Now’s the time to keep your focus.
Market Commentary: Biden Proposes New Stimulus Package as Signs Point to Economic Slowdown
Unsettling pictures from the Capitol have shown little effect in the markets as the S&P did well last week. Meanwhile, a dip in employment went against the predictions, but it probably won’t be a permanent loss. 2020 may be over, but its disorienting effects may be felt for a long time.
The goal of this bill is to continue to offer assistance to businesses struggling during the COVID-19 pandemic, provide extra unemployment benefits to those unable to find work, and to stimulate an economy that has persevered through much volatility over the past 10 months.
Here are 17 takeaways from the new legislation that you should know:
S&P 500 Finishes the Year at a Record High, Unemployment Numbers Decrease Slowly
The S&P showed a 70% recovery since its lowest point earlier in the year. A forward-looking market, relief legislation and just plain innovation all contributed to the recovery of a bleak market back in the spring. Our update looks at what we learned and where we find ourselves now.
