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What if you could be held financially responsible for your parents’ unpaid medical or long-term care bills? It’s not a theoretical question- in 25 U.S. states, filial support laws are on the books, and enforcement may be on the rise. In this episode of Financial Choices Matter, Charles and Marc shine a spotlight on a little-known legal concept with potentially huge implications for families.
According to a 2024 Gallup poll, 74% of retired Americans have enough money to live comfortably- and no, you don’t need to be a millionaire to get there. But there are some mistakes you can actively avoid to steer your financial future in the right direction. In today’s conversation, Charles and Marc will cover 6 retirement blunders that successful American millionaires tend to avoid.
In today’s episode, we’re playing a little game of what are the odds? For example, do you know the chances of being in a house fire, or having your car totaled? What about the likelihood of being hospitalized? Listen in as we break down these probabilities and compare them to the chances of having a long-term care event.
Long-term care is a topic that often gets swept under the rug, but it is such a critical part of retirement planning. In this week’s episode, Charles and Marc discuss an article from Investment News that highlights some interesting statistics and misconceptions surrounding long-term care.
In today's episode, we're focusing on a critical aspect of retirement planning: healthcare costs. How well-prepared are you to handle medical expenses after you retire? We'll discuss everything from Medicare complexities to strategies for managing unexpected health-related expenses. Tune in as we break down the essentials of healthcare financial planning for retirees.
There's a lot going on in the financial industry. In today's episode, Charles is going to address some of the things that are driving him crazy in the community, from the plethora of confusing financial designations to the lack of attention given to long-term care planning. At the end of the episode, Charles answers a listener question about combining finances and discusses the importance of financial communication in a relationship.
Are we on the brink of a retirement renaissance or stormy seas ahead? On this episode, we jump into the pressing issues of Social Security, healthcare, taxes, stock market trends, and long-term care. Whether you're an eternal optimist or cautious pessimist, this episode will equip you with perspectives to plan your retirement years with confidence as we ask the longstanding question, “Is the glass half full or half empty?"
Too many folks misunderstand bonds, how they work, and what role they play in a proper financial plan. We’ll address some of those bond-related issues on today’s show.
Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry.