Make Maximum Use of Your Most Scarce Resource

I am at the age where I am really beginning to realize how fragile life can be at times. Recently, we learned that former University of North Carolina basketball great, Eric Montross had lost his battle with cancer and died at the young age of 52.

General Financial Plan...Chip Hymiller, AIF®, CFP®January 18, 2024Retiree, Pre-Retiree, Mid-Career Professional, financial planning, Health Insurance, life insurance, insurance, long term care, long term care insurance, Will, Estate Planning, Trust

Considerations When Evaluating Retirement Communities

As people age, they may find that living in a retirement community or continuing care community can offer them the support, care, and amenities they need to live a fulfilling life. However, choosing the right community and planning for life in such a community can be a complex process.

Retiree, Retirement Planning, EldercareChip Hymiller, AIF®, CFP®May 3, 2023eldercare, long term care, long term care insurance, Estate Planning

Long Term Care Insurance—What You Need to Know

Long term care costs are expensive and rising every year. For many, a two or three year stay in a skilled nursing facility could cost several hundred thousand dollars and potentially wipe out a retirement nest egg. Find out the things you should know when it comes to long term care and long term care insurance.

Financial Planning, Insurance, Mid Career Professional, Personal Finance, Pre-Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®June 14, 2022long term care insurance, long term care, eldercare

Finance in a Flash: Insurance Planning Series: Long-Term Care

On this episode of Finance In A Flash, we continue our Insurance Planning series by discussing Long-Term Care Insurance (LTC). If you are nearing retirement or already retired you should seriously look into this just because of the rising costs of nursing homes and skilled nursing care.

Insurance, Mid Career Professional, Personal Finance, Podcast, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®May 12, 2021long term care insurance, long term care, insurance, podcast

Longer Life Expectancies and the Impact on Retirement Planning

Let’s face it, seniors today are healthier, more active and are likely to have longer lives. So what are the financial implications for retirees who will likely live well into their 90s and possibly their 100s?

Investments, Retirement Planning, Eldercare, Pre-Retiree, RetireeChip Hymiller, AIF®, CFP®August 19, 2020Asset Allocation, financial planning, retirement distributions, Retirement Planning, Social Security, distribution planning, tax planning, long term care

At What Age Should I Obtain Long Term Care Insurance?

One of the largest financial concerns for many is the unknown, but potentially devastating cost of long term care. The financial impact of an extended need for long term care can be enormous. But what age is the right age to consider purchasing long term care insurance?

Insurance, Retirement Planning, Pre-RetireeChip Hymiller, AIF®, CFP®June 16, 2020financial planning, long term care insurance, long term care

The Basics of Long Term Care Insurance

Long term care costs are expensive and rising every year. For many, a two or three year stay in a skilled nursing facility could cost several hundred thousand dollars and potentially wipe out a retirement nest egg.

Insurance, Retirement Planning, Eldercare, Retiree, Pre-RetireeChip Hymiller, AIF®, CFP®March 17, 2020financial planning, insurance, long term care insurance, eldercare, long term care

Projecting Health-Related Expenses in Retirement

For many, the largest unknown during retirement and a source of much concern and worry is the potential for “extraordinary” health-related expenses

Retirement Planning, Eldercare, Insurance, Investments, Pre-Retiree, RetireeChip Hymiller, AIF®, CFP®August 29, 2018Health Insurance, long term care insurance, long term care, eldercare, Personal Finance