Long Term Care Insurance Industry Problems

 I’ve advocated that most people would be better off saving the amount of the premium and investing it for retirement expenses rather than buy LTC insurance. The Wall Street Journal reports (12/4/2016) widespread problems in the industry. “Collapse of Long-Term Care Insurer Reflects Deep Industry Woes: Actuarial miscalculations on long-term-care policies by two units of…

Strategies to increase your retirement savings

Emily Brandon shares suggestions for improving your retirement security.  1.      Save your raise. 2.      Invest your windfalls. 3.      Qualify for tax breaks. 4.      Get a 401(k) match. 5.      Create an emergency fund. 6.      Save $10 more. 7.      Consolidate your accounts. 8.      Redirect debt payments into savings. 9.      Save side job income. 10.  Ramp up your…

Earthquake risk and Insurance in Utah

 Just a gentle reminder before you start spending and using your credit cards for the holidays. Utah is overdue for an earthquake. Homeowners insurance specifically excludes damage from earthquakes so you need to protect your biggest financial investment by buying earthquake insurance. See the Utah Divison of Insurance info page on earthquake coverage:  https://insurance.utah.gov/auto-home/home/earthquake.php Source:…