Tips for Buying Long-Term Care Insurance

If you are over 65, married, and want to protect your spouse from financial loss, is it more important that you have life insurance or long-term care insurance?  According to a recent AARP article, if you fit the above parameters (a married couple over 65), the odds that one of you will become disabled and incapable of handling your own affairs is 28 times greater than the likelihood that one of you will die before that occurs.

Check Your Social Security Statement

I’m going to tell you something that will shock you. Are you sitting down? Good. Here is it is: There are flaws in the Social Security system.  Yes, the government actually makes mistakes. Can you believe it?

All kidding aside, it’s important that you carefully check your Social Security statement. It seems there’s a glitch in the S.S. computer system regarding earnings numbers, and any incorrect sum can affect your benefits.

How do you check your S.S.

Inheriting Memories

“Thanks for the memory.” That’s Bob Hope’s signature song, but more than that, I think it’s an important truth. The time we spend with our families is one of the greatest legacies we can leave them. That’s how they learn about us, about what we stand for. Time spent with our loved ones shows them our value system, a tool with which to view the world.

One of my clients really takes this idea to heart.

The Next Bubble: Government Infusion

What creates a bubble? Sometimes governments do. For example, I think a government “solution” to the Y2K recession caused the 2008 bear market. In order to counteract the bear market of 2000, governments created super low interest rates that would stimulate the real estate market. It worked—for a while.

But because all of that debt was unsustainable, the economy collapsed like a house of cards—which is why I believe that low interest rate solution actually created the 2008 bear market.

If the Trade Spat Devolves Into a Trade War

As I’ve mentioned, I believe the current trade war is more of a trade spat: a sort of economic posturing that will precede negotiations, the economic equivalent of the “my brother’s bigger than your brother” argument. But it does have the potential to turn into a trade war. If it did, what might that mean to us?

I think a real trade war could be big trouble. To begin with, tariffs increase the cost of goods.

WHAT’S ON YOUR MIND?

If it’s important to you, then it’s important to us.
That’s the way it should be among friends.


NATIONAL PRESS TURNS TO MONEY MATTERS FOR
INSIGHT ON ISSUES AFFECTING TODAY'S INVESTORS.
VIEW RECENT PRESS FEATURING KEN MORAIF:


  • CNBS
  • Forbs
  • Fox Business
  • Kiplinger
  • Market Watch
  • USA Today
  • US news
  • The wall street journal

TAKE THE FIRST STEPS ON THE PATH TO YOUR FINANCIAL PEACE OF MIND.