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Thing One A Reminder About Long Term Care Insurance Long-term care insurance (LTCI) is a critical financial tool designed to cover the costs of extended care services, such as nursing homes, assisted living, or in-home health aides, which can easily exceed $100,000 annually in many regions. As people live longer, the likelihood of needing such care increases—nearly 70% of individuals turning 65 today will require some form of long-term support. With rising healthcare costs an

Thing One   $1,000 at Birth, $5 Million by Age 65   Much has been made of the division in our country. In fact, hardly a day goes by when some media personality or politician isn't on camera or on social media highlighting the disparity between the haves and the have nots. The only solution ever offered up by the critics though seems to be some type of Robinhood scheme where the rich are taxed and the money is given to the poor. Unironically for those of us who have been payi

Thing One   A Medicare Open Enrollment Primer   Medicare Open Enrollment, which runs from October 15 to December 7 each year, is your opportunity to review and change your health coverage for the coming year. Even if you’re satisfied with your current plan, it’s important to review your options — plans change their premiums, coverage, and provider networks annually. During this period, you can switch between Original Medicare (Parts A and B) and Medicare Advantage (Part C), c

Thing One   The Savings and Inflation Relation(ship) Savings accounts and high-yield checking accounts certainly have their place in a sound financial plan. They offer liquidity, stability, and easy access to funds for emergencies or short-term needs. But the truth is, the modest interest they provide rarely keeps pace with inflation. For example, if a savings account pays 1% annually while inflation runs at 3%, the real rate of return is actually -2%. That means your money i

Thing One   What Would You Do?   Here's a question for you:   If your best friend told you he was making lots of easy money trading options, what would you do?   The answer is, you should do what you want.  But, if you do decide to start trading options, you should get some understanding of what that really means.  And, hopefully, as a part of gaining that understanding, you’d come to the same conclusion that many people, including the ones at clarkfinancial.com , have:   “Th

Thing One     Who Needs A Financial Advisor And Why   Planning for Retirement As retirement approaches, financial decisions become more complex. Questions about when to claim Social Security, how to draw from savings, and how to keep income lasting for life can feel overwhelming. A financial advisor can design a tax-smart withdrawal plan and align investments with your long-term needs.   Managing Wealth or Complex Finances Those with significant assets, multiple income source

Thing One   Where There’s A Will, There’s A Say   Having a will is one of the most important steps anyone with assets can take, regardless of age or wealth. A will ensures that your property, money, and personal belongings are distributed according to your wishes, rather than leaving those decisions up to the courts. Without one, state laws (known as intestacy laws) determine who inherits your estate, which may not align with your preferences. This can also cause unnecessary

Thing One   Just .5%More   The following is an excerpt from a marketwatch.com  article written 12 years ago about the impact that earning .5% more on your investment portfolio over the long term. It is as relevant today as it was then...   "(Let's consider) the lifetime impact of gaining an extra 0.5% of annual investment return. . . .   The key here is to think about the long term. Many investors habitually think in terms of what we gain or lose in a short period: a month, a

Thing One   Vanguard’s Three Questions   The Vanguard Group, a Registered Investment Advisor with over $7 trillion in assets under management asks three questions in determining whether their clients need a financial advisor:   How confident are you in reaching your financial goals? (Retiring, budgeting, withdrawal strategies, reducing debt, etc.)   ·      Highly confident? ·      Somewhat confident? ·      Not very confident?   How would you prefer to receive advice?   ·    

Thing One   Why You Should Buy an Annuity   Annuities can be a compelling option for individuals seeking financial security and predictable income, particularly in retirement. One of the primary benefits of an annuity is its ability to provide a guaranteed income stream for life or a specified period, which can offer peace of mind in an uncertain economic environment. Fixed annuities, for example, deliver consistent payments regardless of market fluctuations, shielding you fr