Warning! Failure to Live Like a Millionaire Will Derail Your Retirement.

Black and white retro photo of distraught woman decrying that she and her husband, who is standing behind her, don't have millionaire lifestyles.

The takeaway: When they first hit millionaire status, the median household income of millionaires was $89,167. Their household income is less important than the habits these millionaires built to create financial independence. Here are the habits, and how failure to follow them, resulted in the complete derailment of one famous attorney’s retirement. $$$ This post … [Read more…]

The Three Factors Affecting Your Long-Term Care Insurance Costs

retro black and white photo of fearful couple clutching money to their chest.

The takeaway:  The three factors affecting your long-term care insurance costs are 1) your life-long premiums, 2) premium rate hikes, and 3) the policy’s elimination period–which even though you’re insured, requires you to pay your own long-term care costs for a certain period of time.  How well you prepare, plan, and protect for these factors … [Read more…]