Archive for February, 2014

Caring for your health over the long-term today

Wednesday, February 19th, 2014

According to the U.S. Department of Health and Human Services, 70% of people turning 65 can expect to use some form of long-term care during their lives. But less than one-third of Americans 50+ have begun saving for long-term care.

Long-term care includes a range of personal daily living services. Most long-term care isn’t related to medical care, but rather assistance with daily bathing, dressing, using the toilet or eating. Other common long-term supports include help with housework, managing money, taking medication and shopping.

Many Americans mistakenly believe that Medicare pays for the bulk of long-term care. In fact, Medicare only pays for long-term care if you require skilled services or rehabilitative services, and it will only do so in a nursing home for a maximum of 100 days (the average is 22 days), or at home for a much shorter period.


3 Easy Ways To Tune-Up Your 401(k) For Spring

Friday, February 7th, 2014

Like every other important investment in your life, a fresh spring look can help you make small but important adjustments that pay off down the road.

Spring has finally sprung for most of the country after what was a winter to remember.  What better time to take a good look at your 401(k)-type plan. Here are three simple tips:

Make A Rational Use of the Menu of Funds. Just because your plan offers 30 choices doesn’t mean that you have to invest in every fund. More is not better when arriving at
diversified allocation.

But how much do you put in each fund? Some people are naïve about diversification. If they have 10 selections, they invest 10% in each, which may sound rational, but isn’t.

Instead, split your money between stocks and bonds according to your age. Your percentage in income investments should roughly each your age. If you’re 25, for example, then 25% should be in bonds.