Managing Liabilities with a Smart Insurance Plan

For anyone trying to protect a lifetime of savings while providing for an uncertain future these are probably familiar terms. The notion of needing protection from the impact of a car accident or a fire at home is something most of us learn with the purchase of our first vehicle and house.

Two Documents You Need When Your Child Turns 18

This weekend Lisa and I joined countless other parents around the country in taking a child off to college. One thing we have that many of those families won't (but should) is a signed durable power of attorney and a health care proxy.

Thoughts on Market Volatility

Someone asked me a week or so ago whether I thought the market was going to crash.

How Much Life Insurance is Enough?

The fundamental question of how much life insurance to buy can only be answered when we know what it is exactly we are protecting. While its purpose is to protect your life, only you can determine what that might be worth to your family. Your vision of a “good life” for you and your family doesn’t usually go away after you’re gone.

Investors Beware: The Media Noise can be Deafening

Most people would argue that living in a digital world, with instant access to an endless stream of information has made us smarter and more self-empowered than past generations. Investors believe that it has “leveled the playing field”, enabling them to make investment decisions based on the same information once only available to the investment pros.

Keep Your Homeowners Insurance Up-to-date

A friend and neighbor converted the attic of his century-old farmhouse into finished living space last summer, complete with radiant floor heat. Later that fall after the heat was turned on, he noticed dampness seeping through the dining room walls. It seems that some thirsty mice had chewed through the radiant tubing in search of water.

Caring For Elderly Parents

The number of people taking care of an aging parent has soared in the past 15 years. MetLife estimates that nearly 10 million adult children over age 50 now care for an aging parent. In 1994, only 3 percent of men and 9 percent of women helped provide basic care for a parent.

Private Mortgages

You don't have to be a bank or financial institution to make a mortgage loan. In this era of low interest rates and increased lending standards, more and more home buyers are turning to their loved ones (typically parents or grandparents), for help with financing. If done correctly, this arrangement can be financially lucrative for both the borrower and the lender.

Planning For the Unexpected During Retirement

Comprehensive retirement planning requires careful construction of an investment portfolio designed to provide a lifetime of sustainable income, but that is only part of the equation. Just as important to a successful outcome is the spending side.

A Different Take on LTC Insurance

Boston College, my alma mater, has become one of the go-to places for the latest research on retirement issues. Its Center for Retirement Research, recognized by the New York Times as "the nation's leading center on retirement studies,"  covers the multitude of issues affecting individuals' income in retirement, from finances to healthcare.

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