We recently completed a retirement planning engagement with some new clients. As part of the planning process, we modeled what their cash flow might look like in the event one or both needed assisted living or nursing home care. The husband asked me, “Doesn’t Medicare...
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Your Questions Answered: When Should I Start Thinking About Buying Long-Term Care Insurance
Last week in a client meeting we fielded a not-uncommon question: ”When should I think about buying long-term care insurance coverage?” The answer is a two-parter. First, the potential expense of a long-term care event to both spouses should be built into a retirement...
Your Questions Answered: Do I Need a Trust?
When it comes to planning your estate, one question that often arises is whether to use a trust. Let's explore what a trust is, its benefits, and whether it might be the right choice for you. A trust is a legal arrangement where one party, known as the trustee, holds...
Your Questions Answered: Should You Convert Your Traditional IRA to A Roth?
The question of transitioning to a Roth comes up frequently in conversations with clients. A Roth IRA conversion involves moving your traditional IRA money—which is typically pre-taxed—to a Roth IRA, where your contributions can grow tax-free. Sounds appealing, right?...
Your Questions Answered: Who is Integrated Financial Group?
I run my own financial advisory business and am not employed by any financial services firm. However, you might notice the name Integrated Financial Group (IFG) appearing frequently on statements, business cards, websites, etc. Naturally, this leads to the question,...
Navigating Retirement: Embracing Trade-offs
As a financial advisor, I recently had an enlightening conversation with a client who is set to retire next year. During our meeting, he expressed a desire to eliminate volatility from his investments moving forward. This was quite a curveball, as a core strategy of...
Your Questions Answered: Should I Cash Out A Savings Bond?
I received an e-mail from the son of a client asking me, “Should I cash out a savings bond that I just found out that I own?” First things first, what exactly is a savings bond? Well, it's basically a loan you give to the government. In return, they pay you interest...
Your Questions Answered: Should I Replace My Expiring Term Life Contract
My Term Life Policy Just Expired. Do I Replace It? Matt and Beth are long time clients that both purchased twenty-year term life insurance contracts twenty years ago. In a recent meeting they noted these policies were winding down and asked if they should buy another...
Think About Habits When Setting New Year Resolutions
Here’s a resolution that could help you achieve more in 2025: No more resolutions…
Your Questions Answered: How Do I Calculate My RMD?
Each year we help our clients distribute their Required Minimum Distributions, or RMDs, from their retirement accounts. Also, each year, we get the question, “How is my RMD calculated?” It’s a straightforward calculation, so let’s dive in: First, you need to find the...