LOSING AN ENGINE ON TAKEOFF

Posted by Brad Bridgewater
On December 11, 2015

Empathy gap is the inability to predict your own future behavior under stress. In other words, the likelihood of you making an emotional decision instead of an intellectual one. As a pilot, this is the reason the simulator throws every nightmare possible at you during training. Your training prepares you to make the right decisions […]

HOW ARE RMDS CALCULATED?

Posted by Brad Bridgewater
On November 6, 2015

RMDs, or Required Minimum Distributions, are calculated by dividing your traditional IRA or retirement plan account balance by a life expectancy factor specified in IRS tables. Your account balance is usually calculated as of December 31 of the year preceding the calendar year for which the distribution is required to be made. Example(s): You have a […]

COLLEGE TUITION: WHAT IF YOU RUN OUT OF TIME TO SAVE?

Posted by Michael Kane, CFP
On October 22, 2015

We thought we were ready. We started to save early. When our kids were young we had a plan to save enough money to provide them with four years of college education. But somewhere along the line, the challenges of life got in the way — and now we find ourselves running out of time […]

LONG-TERM CARE INSURANCE – IS IT WORTH IT?

Posted by Brad Bridgewater
On June 19, 2015

We’ve all been told that two things in life are guaranteed – death and taxes. Maybe it’s time to add a third, the rising costs of long-term care. Premiums for long-term care have risen sharply in recent years as more insurers have realized they haven’t collected enough in premiums to cover expected future benefit payments. […]

MEDICARE: WHAT DOES IT COVER?

Posted by Michael Kane, CFP
On June 19, 2015

Medicare is our country’s federally-issued health insurance plan for individuals age 65 and over who have worked and paid into the system. It provides health insurance to younger individuals with disabilities, end-stage renal disease, and ALS. Currently, Medicare provides health insurance to over 48 million Americans and is growing with the many baby boomers retiring […]