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At What Age Should I Obtain Long Term Care Insurance?

In Estate Planning, Insurance, Personal Financial Planning, Retirement Planning by Chip Hymiller

A major consideration when conducting a retirement feasibility analysis for clients is how potential long term care costs would be covered.  With the cost of long term care increasing at a projected rate of 5% to 7% for the foreseeable future, in ten years from now a three year stay in the average facility in North Carolina could cost upwards …

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529 College Savings Plans FAQ

In College & Education Savings, General Financial Planning, Personal Finance, Personal Financial Planning by Chip Hymiller

I can tell you from experience that children grow up fast! It is very hard for me to believe that my sweet daughter, Abbey, will be starting kindergarten soon. Five years have passed in the blink of an eye!

Section 529 College Savings Plans can be an excellent tool when saving for college. While there are many benefits when using the 529 Plan, there are also a number of drawbacks. Here are a number of frequently asked questions:

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Strategic Social Security Decisions To Consider

In General Financial Planning, Personal Finance, Personal Financial Planning, Retirement Planning by Chip Hymiller

One of the most important financial decisions people face with regard to retirement planning is when to start taking their Social Security retirement benefit. Making the most of this decision requires careful consideration of a number of variables including tax, cash flow and even elder care issues. The economic downturn has forced many families to consider taking Social Security earlier than expected. With that in mind, here are some ideas to consider, when making this important decision.