Pros and Cons of Long Term Care Insurance

Pros and Cons of Long Term Care Insurance

Long term care insurance is a particularly important type of insurance. This type of policy is meant to provide for your personal care and wellness when you reach an age or health condition where you need assistance with the basic functions of living.

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The New Retirement = The New Normal

The New Retirement = The New Normal

We’re in an era of The New Retirement, which is a mindset and a necessity, considering the unique factors that face present and future retirement outlooks. It wasn’t that long ago when people worked until age 60, then retired and collected a pension. But the dynamic has changed tremendously in the past 15 years.

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4 Biggest 401(k) Investment Mistakes to Avoid

4 Biggest 401K Investment Mistakes to Avoid

You know the importance of strengthening your 401K for your retirement, but what you might not be aware of are the costly mistakes that many people make with their 401Ks. We certainly want to help you avoid short-changing your 401K – if not destroying your 401K altogether, so take a look at what we see as the most common 401K investment mistakes.

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What is a Real Estate Investment Trust (REIT)?

Real Estate Investment Trust (REIT)

If you’re thinking about getting into the real estate market, or expanding your real estate portfolio, you’ve likely heard the term REIT. A REIT, or Real Estate Investment Trust, is a company that owns or finances real estate properties. You invest in the company that owns multiple income-producing properties, and you are not the landlord getting 3 AM calls about broken heating or dripping faucets. Someone else handles that. You own, and you collect your dividends without bailing water out of a flooded basement or changing light bulbs on a 20-foot ceiling.

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Reverse Mortgages – Benefits and Risks

Reverse Mortgages - Benefits and Risks

Reverse mortgages are a relatively new product to the financial industry. The concept of a reverse mortgage can be very beneficial especially for seniors who have run out of assets to draw from to maintain their standard of living. In simple terms, a reverse mortgage allows a borrower to cash out a certain amount of money from the equity in their home to use as they wish.

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Avoiding Financial Pitfalls in a Divorce

Avoiding the Financial Pitfalls of Divorce

When you ask people what are the largest financial transactions they will make in their lives, the most common answers are a home, college tuition or saving for retirement. For couples contemplating divorce, the largest financial transaction, without question, is their divorce.

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Buy and Hold Investing vs Market Timing

Buy and Hold Investing vs Market Timing

One of the most common questions that I get as a professional money manager has to do with market timing. People seem to think that financial advisors have some investment ouija board that will let us know exactly when you should get in and get out to maximize your return. Unfortunately, if you think timing the market is a sound investment strategy, read on.

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Tax Talk with Pat Crowley

Tax Talk with Pat Crowley

Bob interviews Pat Crowley, a principal of Hershman, Fallstrom & Crowley, Inc., a Certified Public Accountant licensed in Massachusetts, about the tax topics that are top of mind for most consumers and business owners. Patrick is recognized throughout New England for his special expertise in the tax controversy process.

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