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The 60-Year Career

By Dave Much | December 30, 2016 |

Now that people are living longer, many are also working longer. Just imagine, if you start working regularly at age 20 and don’t retire until age 80, that’s a 60-year career. While it’s not as common today, traditionally, many workers would spend their entire career working for the same employer Take, for example, 86-year-old Detroit…

Taxing Questions

By Dave Much | December 20, 2016 |

At the end of October, the IRS made several announcements regarding taxes in 2017.  Information available for the new year now includes tax rates, standard deductions, exemption amounts and more. While the standard deduction for various filing groups is set to increase by $50 or $100, an additional standard deduction of $1,250 is available for…

Get in the Entrepreneurial Spirit

By Dave Much | December 13, 2016 |

Whether you want a little extra income or just want to get out and interact with new people, tapping into your entrepreneurial instincts can fill many needs in retirement. Here are a few examples of fun, money-generating ideas people have come up with recently.  Remember photo booths — a printed strip of quick takes for…

Drug Prices: The Power of a Celebrity Tweet

By Dave Much | December 6, 2016 |

When drug manufacturer Mylan increased the list price of EpiPen last summer, it suffered the wrath of celebrity backlash. Actress Sarah Jessica Parker publicly criticized the company for raising the price of its emergency allergy treatment to $608.1  EpiPen, which has been around for decades, cost less than $100 when Mylan originally acquired the product…

Being Wise in a Smart World

By Dave Much | November 22, 2016 |

These days, it seems like everything’s getting smarter. Smart phones, smart cars, smart appliances, smart technology.  Maybe we take things like this for granted, but you can start typing any phrase into Google, and the computer will finish it for you. That’s pretty darn smart.  Unfortunately, our increasingly smart world creates a host of new…

Jobs After Age 55

By Dave Much | November 15, 2016 |

The good news is 62- to 64-year-olds experienced the largest increase in jobs between 2007 and 2014.1 The not-so-good news is that many of those jobs are not of the upscale, high-paying variety.2  New research from the Center for Retirement Research at Boston College offers insights into the type of work that older people are…

LTC Considerations

By Dave Much | November 8, 2016 |

Long-term care insurance (LTC) has experienced some growing pains in recent years. Sustained low interest rates and coverage limitations have made it difficult for some to find policies that meet their needs.1  As a result, many LTC insurers have exited the business because they couldn’t make a profit.Today, there are only 14 carriers still writing…

The Far-Reaching Applications of Insurance

By Dave Much | November 1, 2016 |

When most people hear the word “insurance,” the things that come to mind may be home, auto or life. However, the scope of what can be covered by insurance extends far beyond everyday needs.  Unfortunate as it may be, the news is often filled with natural and man-made disasters. The role insurance plays in these…

Health Care Spending Trends

By Dave Much | October 25, 2016 |

For the 40+ year period of 1961 to 2002, health care expenses followed a pretty steady upward trend, thanks to things like the introduction of Medicaid, coverage expansion and occasional price increases.1  But between 2003 and 2007, that rampant growth slowed down considerably, and the impact of the recession was felt from 2008-2013.2 Many Americans…

Pension Matters

By Dave Much | October 18, 2016 |

When it comes to preparing for retirement, headlines about underfunded pensions can be troubling. One study found that 21 state pensions held less than 40 percent of the assets needed to pay benefits. To make up for that shortfall, each taxpayer would have to contribute an extra $1,385 per year.1  While not every worker in…

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