Long-Term Care: To purchase or not to purchase...that is the question!

I recently had a question about whether to purchase Long-term Care (LTC) Insurance. This came from a fairly young adult and therefore, there were many questions if to purchase it at a young age. My parents recently have purchased LTC policies (at an older age) and it was quite the learning experience. One of the best pieces of advice I received was: Choose a strong A+ insurer who will be around for the next 50 years! This is vital with LTC since you might not need the service for years to come. LTC is one of the most used insurances in the industry and hence, the premiums can be quite a bit more expensive. Therefore, it's important that you balance price with benefit. Every situation is different, and I highly recommend you speak to a LTC specialist about your specific situation. In the meantime, here is the government's National Clearinghouse on LTC. Happy shopping!

Money Sense from the NYSE

Today, I was on a financial literacy webinar and learned about a great new resource. The New York Stock Exchange (NYSE) has recently released a financial literacy web-based tool to the general public. Find it at www.nysemoneysense.com/ There is a section for questions, great articles, ideas and tips about money, and a list of resources for even more information. Take a look....you might find the answer to your money question!

TWO WEEKS PAY

So a few weeks ago at the CFP Board anniversary, I ran into the editor of the Daily Finance Brief: Personal Finance, One Day at a Time. I've been a diligent reader for these last few weeks and I've been very impressed with the variety and depth of financial information shared. This blog post TWO WEEKS PAY was especially enlightening for those of us looking to buy a home in the near future. Go ahead try it out for yourself and see if you can't find something that you like too!