I know Usain Bolt holds the record in the 100 meter dash, but I can beat him to the finish line, IF I get a 5 second head start.  Would you like to get a head start on retirement?  We can do it with an In Service Rollover.  Since 2008, an increasing number companies have…

Read More

What I’m about to tell you will make you question my sanity.  I have been trying to get better at a hobby for over 40 years with no results.  I have taken lessons and I do practice.  I’ve bought new and improved equipment, but still the results are the same.  You know the saying, “Doing…

Read More

Do you remember who first said the words, “Trust, but verify?”  It was Ronald Reagan in 1986 when he was negotiating with the Soviet leader Mikhail Gorbachev. (Actually he said it to him many times)  We naturally want to believe that people are honest and trustworthy.  In my many years of estate planning I have…

Read More

Since the day you started saving for retirement you have been told, “You’re in it for the long haul.”  That’s a great strategy when you’re in your 20s, 30s, and even 40s because you don’t need to start withdrawing your retirement funds for many years.  You are accumulating assets for retirement and need to add,…

Read More

An important lesson that I learned in my triathlon days was that weight mattered.  Training is important, but when you want to get your bike up a long hill faster, you need to drop your weight.  Lugging an extra 10 pounds up a mile long hill makes a big difference.  Debt in retirement is that…

Read More

TME – Total Monthly Expenses. I have clients that will live very comfortably on $4,000 every month in retirement.  How can they do that?  The first, an most important step, is to determine what it’s going to cost for the basics every month in your retirement budget. This is a critical step that many advisors…

Read More

Just between you and I, are you a hoarder?  I have that gene and I have to fight it all the time. “Yea, that will come in handy someday,” and then I stick it in a box not to see daylight for a decade. You have stuff and lots of it.  In this group of…

Read More

On that date President Lyndon B Johnson signed the bill that created the Medicare program.  (No real memories of the day other than I was 4 years old.)  The plan was designed to help seniors cover the cost of their medical needs as they entered retirement.  From the beginning, Medicare was designed to cover 80%…

Read More

Is it a conspiracy?  The banks are working with the government to benefit lawyers and cost your family hundreds if not thousands of dollars.  Or, more likely, the banking industry does not consider estate issues in their business development with new customers.  Bank’s in Pennsylvania are required to freeze an account once the owner has…

Read More

But, first make sure you have Medicare Part B.  Remember from the previous post (A, B, C, D) that Part A is going to cover your hospital stay.  Hospital visits are not regular occurrences and generally happen with emergencies or surgical procedures.  Doctor visits are a more common need and part of your regular healthcare…

Read More