From the category archives:

Retirement

Importance of Long Term Care Insurance

September 2, 2013

Here is a webinar I did with Melissa Barnickel of Baygroup Insurance a while back discussing the benefits and features of Long Term Care Insurance.   Kirk Kinder, CFP® is the Founder of Picket Fence Financial, a fee-only financial planning and investment management company dedicated to saving folks from Wall Street. Picket Fence Financial does  [...]

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Long Term Care Insurance Webinar

December 18, 2012

Have you ever wondered if you need Long Term Care (LTC) insurance? What does long term care cost? Why is LTC insurance so expensive? At what age should you buy it? These questions and more will be discussed with Melissa Barnickel, CPA, CLTC of Baygroup Insurance. After ridding herself of boring CPA accounting jobs like [...]

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Medicare Heading for Insolvency Five Year Earlier than Anticipated

May 16, 2011

Here is a video from Tech Ticker discussing how the Social Security Administration released details last Friday about how Medicare will be financially defunct by 2024. This is a train wreck in the making. We can act now with some nasty castor oil or be forced into worse remedies when the train hits the wall. [...]

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Government Worker Pensions Under Fire

February 17, 2011

I was reading an article today titled, “Amid Crisis, state workers say ‘Don’t Blame Us“”.  Public pensions are going to come under enormous pressure in the coming years. The pension systems are underfunded and facing a generational tsunami (thanks to the Boomers retiring in mass). Many reporters try to pin the attempted pension cutbacks on [...]

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Government Pensions Strain Budget: What is the Future?

August 13, 2010

A recent article came out in the USA Today yesterday detailing how government workers earn double what the private sector does.From the article: Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row. The compensation gap between federal and private workers has doubled in the [...]

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Late Bloomers on Retirement Planning

April 22, 2010

Eileen Ambrose of the Baltimore Sun wrote an article recently about 50 year olds that haven’t started saving for retirement. I am not profiling the article just because I am quoted in it; rather, it brings up an interesting topic. Many boomers haven’t saved adequately for retirement. It is estimated the average boomer only has [...]

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What Wall Street Doesn’t Want You to Know About Fiduciaries

March 15, 2010

Great article from Minyanville discussing the fiduciary standard, which I have been hyping for weeks now. Here is the meat from the article: The distinction between a fiduciary and a broker is simple. The broker mainly owes his allegiance to the company and is generally compensated by selling you financial products. A fiduciary’s model is [...]

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Great News for Americans in the 401(k) World

February 28, 2010

Finally, some regulations in the financial services world that actually benefit Americans. The Department of Labor (DOL) recently released proposed regulations that would limit the ability of financial advisers of providing advice to 401(k) participants if the adviser receives compensation from the product provider. What does this mean to you? Imagine you go to a [...]

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How’s Your Retirement Holding Up?

March 18, 2009

Here is a link to the a recent article in the Baltimore Sun where I discuss how the recent market downturn has affected people’s retirements. http://www.baltimoresun.com/business/columnists/bal-bz.ambrose06jan06,0,3108163.column Many people who recently retired or are rapidly approaching retirement feel that the recent market downturn will prevent them from retiring in the manner they dreamed and desire. What [...]

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