Key to Financial Success: Avoiding Stupidity

From: www.independenceadvisors.com

One of my heroes is Charlie Munger, Vice Chairman of Berkshire Hathaway.  While I admire his successful career, I’m more impressed with how he thinks about the world. 

There are so many pearls of wisdom in each speech he gives or books written about him that it’s hard to choose a favorite.  However, the one statement I…

7 Myths About LTC | Set the record straight, Seven common myths about LTC

With this information, you’ll be in a better position to help protect yourself, your family and your future.

Myth: “A government program will take care of me.”

Fact: Government programs are difficult to qualify for and have very specific requirements for LTC services. A number of public programs — including Medicare, Medicaid and veterans’ services — may help pay for some LTC services…

Don’t Delay: The Potential Benefits of Starting to Save Now

From: skodaminotti.com

For long-term investment goals such as retirement, time can be one of your biggest advantages. That’s because time allows your investment dollars to do some of the hard work for you through a mathematical principle known as compounding.

The snowball effect

The premise behind compounding is fairly simple. You invest to earn money, and if those returns are then reinvested, that money…

What does a solid retirement plan look like?

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Whether your retirement is decades away or right around the corner, it’s important to be prepared for all this transition will entail. A good retirement plan should have a solid strategy and leave room for flexibility. It should also be regularly reviewed in order to address potential snags.

Want to make sure you’re in a…

A parents’ guide to paying for college

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Since the 1990s, the costs of both private and public college tuition have easily outpaced inflation. This means helping to pay for your children’s higher education may no longer be as straightforward as opening a 529 account, snagging as many scholarships as possible and filling out FAFSA forms.

Take another look at loans.
Student loans have…