February 2021 Living Debt Free and Wealthy Newsletter

A True Financial Advisor
When talking to many of my new clients, one of their biggest hesitations to work with me is that they already have a "financial advisor." However, after really talking to them and going over their situation with them, they realize they don't have a financial advisor, they have an Investment Broker. The only thing their advisor is helping them with is investing in the stock market and mutual funds. They use the one size fits all approach. This should be criminal! Everyone has different needs and a different situation. Plus, while yes, investing is an important piece of the puzzle, financial advising is so much more than this! "

[Financial advising is] helping people learn how to spend, save, invest, insure, and plan wisely for the future, to achieve financial independence." -Loren Dutton

1. Your advisor should teach you about your spending and saving! You both need to be aware of your spending habits so together, you can craft a plan that is best suited for you. They should be able to help you find money that you are spending, needlessly. Additionally, they should help you put money away for savings. An emergency fund is an important piece of being financially secure.

2. Your advisor should invest for the future!

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What is Long -Term Care

Long-term care (LTC) is provided in different places by different people, depending on a person's needs. Most long-term care is provided at home by unpaid family members and friends. However, for some this can be a huge burden both emotionally and physically.

Before we go any further, we need to dispel three myths.

1. I won’t need Long Term Care. Fact: About 7 out of 10 people will need Long Term Care at some point of their Life.

2. My Insurance/Medicare will cover my LTC needs. Both Medicare and Health insurance do not generally cover long term care. Medicare pays for skilled care in a nursing home only for short periods (only up to 100 days) during which you are recuperating following a hospital stay for a related condition.

3. I can’t afford Long Term Care

Getting coverage for Long Term Care doesn’t have to be expensive. There are so many different routes to protect yourself from Long Term Care costs. 

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Free Report- Learn How to PAYOFF Your Debts and Truly Live Debt Free!

“Failure will never overtake me if my determination to succeed is strong enough.”

-Og Mandino

Interesting Facts:

-Tug of War was an Olympic event between 1900 and 1920.

-The state sport of Maryland is Jousting.

-The king of hearts is the only king without a moustache on a standard playing card!

-Pittsburgh is the only city where all major sports teams have the same colors: Black and gold.

-It is believed that Walt Disney, the creator of Mickey Mouse, was afraid of mice.  

Love Your Heart

February is American Heart Month. Its purpose is to spread awareness to prevent heart attacks and maintain healthy hearts. Here are some tips to make your ticker keep on ticking.

-Let the music move you.
It is no secret that being active is healthy for your heart. Dancing raises your heart rate, burns calories, and makes for a great heart-healthy workout. Plus, it's fun!

-Watch your blood pressure.
People with high blood pressure are 4x more likely to suffer a heart attack or other heart disease. Talk to your doctor to check yours and ask for their assistance in lowering it if necessary.

-Go Nuts.
Almonds, walnuts, pecans and other tree nuts go a long way in maintaining a healthy heart. The fats they contain help lower bad cholesterol.

-Walk it off.
Next time you feel overwhelmed and stressed. Take a short walk. It will do wonders for clearing your head and lower your stress. For more information about maintaining a healthy heart contact your doctor or visit the AHA’S website.  
A True Financial Advisor
Your advisor should help you reach your retirement goals. No one wants to be forced to work their entire lives. Investing is one of the best ways to make your retirement dreams come true.

They should be helping you put money away for your future. Please make sure, they are really talking to you and investing in the right places. They should not be using the 'one size fits all' method, but rather what is best for you in your unique situation and risk tolerance.

3. Your advisor should insure you! The world is full of surprises, no one is guaranteed tomorrow. Insurance is an important piece of your financial puzzle. More than likely, you should have both life and disability insurance to guarantee you and your family's financial security.

4. Your advisor should help you plan! The first thing any advisor should do when they sit down with you is get a picture perfect image of where you are right now and what your goals are for the future. How can your advisor guide you if they don't know what you have or what your goals are?

Contact my office today for your free, no obligation review! 
What is Long Term Care

The National Institute on Aging gives us the following definition of Long-Term Care: “Long-term care involves a variety of services designed to meet a person's health or personal care needs during a short or long period of time. These services help people live as independently and safely as possible when they can no longer perform everyday activities on their own.”

What does long term care do for me?

There are two main types of long-term care services which we will call in home (meaning in your own residence) and in facility (at a care facility). In-home care could involve 1 or more of these
  • Home Health Care-nursing care to recover from surgery an accident or illness. This type might also include therapies (occupational, speech, or physical)
  • Homemaking help (Help with meal preparation and household chores)
  • Personal Care (Help with bathing, dressing, transferring)
  • Visitor/Companion services
  • Transportation services.

Facilities include Nursing Homes, Assisted Living, Board and Care Homes, and Continuing Care Retirement Communities. To make sure you and your loved ones are properly protected, please contact us.