Certified financial planner Hans Scheil discusses the benefits of purchasing long-term care insurance with IRA money, explaining how it can provide a tax-free way to fund long-term care expenses and leave a refund to beneficiaries if not used. He also explores alternative options, including short-term care recovery insurance, and emphasizes the importance of planning for long-term care to avoid financial burdens on family members. [... more]

Focusing on what you do have, rather than what you don't have, can lead to a more positive outlook on retirement and Social Security. Understanding the Social Security earnings test and how it affects your benefits is crucial in making informed decisions about when to take your Social Security. Annuities and IRA 401k plans can also play a significant role in retirement planning, and seeking professional advice from a certified financial planner can help you make the most of your resources. [... more]

Many people use their IRAs and 401ks as an estate planning strategy, but this approach can be flawed due to taxes and other factors. A certified financial planner discusses alternative strategies, including Roth conversions, life insurance, and qualified charitable distributions, to minimize taxes and create a more effective estate plan. [... more]