Here are some articles that caught my eye this week…
Anyone approaching their 60’s should consider looking into long-term care insurance. A stay in a nursing home can easily scramble a nest egg. There are fairly low limits on the assets you can have before Medicare will pay for a nursing home stay. What sadly happens all too often is one spouse has to spend time in a nursing home and then passes away, leaving the surviving spouse with very little money to survive. Long-term care insurance prevents this sad occurrence from happening.
I bet there are at least a couple of items here that you might not be aware of. You don’t want to be surprised after you have had a disaster. Make an appointment with your insurance agent to discuss these items. Make sure you understand fully what coverage you have.
We are heading into the time of year when we need to start preparing for tax returns. Some good tips here for keeping those tax records organized.
The most basic rule of personal finance is you have to spend less than you make. Here are some great ideas for reducing spending in 2014.
Cool idea. Would you like to save $1378 this year?
If you do these 7 things this year, I guarantee you will be in better financial shape on January 1, 2015.