What is a continuing care retirement community (CCRC)? CCRCs are retirement facilities that offer housing, meals, activities, and health care to their residents. These communities appeal to people who are currently in good health, but who worry that they may need nursing care later on. The CCRC and … [Read more...]
Choosing a Continuing Care Retirement Community
What Do Rising Interest Rates Mean for Your Money?
On May 4, 2022, the Federal Open Market Committee (FOMC) of the Federal Reserve raised the benchmark federal funds rate 0.50%. This is part of a series of increases that the FOMC expects to carry out over the next two years to combat high inflation.1 Along with announcing the current increase, … [Read more...]
Required Distributions from IRAs – An Update
The rules for required minimum distributions (RMDs) recently changed when the SECURE Act was passed in 2019. Retirement accounts inherited after 2019 are now subject to a ‘10-year rule’ that requires the account to be emptied within 10 years of the death of the original owner, with some … [Read more...]
Five Questions about Long-Term Care
1. What is long-term care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. There are three levels of long-term care: Skilled care: Generally round-the-clock care that's given by professional health care providers … [Read more...]
Planning for Remarriage
If you're planning to remarry, you must decide how you and your fiancé will combine your finances, and you'll need to plan a financial strategy that considers the assets, liabilities, and financial responsibilities that each partner brings to the marriage. You'll find that financial planning for … [Read more...]