Decision Making

Genworth Sees Rise in Profits in 4th Quarter

After months of focusing on cutting costs, Genworth Financial (GNW) reported their 4th quarter earnings today. The company saw an increase in profits and overall positive results during the quarter.
4th Quarter Profits
Genworth’s 4th quarter profits rose 24%, with a reported net income of $208 million, compared to a net income of $168 million in the 4th quarter of 2012.

Most Boomers Think Affordable Care Act Covers Long Term Care

Since its initial implementation, confusion has surrounded the Affordable Care Act. People are unsure about what it covers, how it affects their benefits, premiums, and hospital networks. A new study, however, shows that more people than ever believe the Affordable Care Act covers long term care costs.

Overconfidence Can Hurt Retirement Plans, Study Says

“Confidence is key”, we so often hear, whether it’s in terms of a relationship, job, or just day-to-day life. But can too much confidence ever be a bad thing? According to a new study, the answer is yes. Being overconfident in your financial ability might be more detrimental than helpful when it comes to planning for retirement.

Millionaires on Medicaid? Program No Longer Serves Just Those In Need

An interesting article appeared in the Wall Street Journal earlier this month that discussed the current state of Medicaid across the nation.

Boomers Delaying Retirement Turn to Startups in Large Numbers

The struggling economy and job market has left some Boomers without a job but still in need of income. With lengthening life expectancies and high health care costs, retirement at 55 just isn’t an option for most people. Many Baby Boomers are turning to startups as a new way to make money and keep themselves occupied.

Addressing the Nation’s Long Term Care Problem

As families face health care costs in retirement beyond what they could have ever imagined, politicians and other public officials grapple with the issue of long term care and the best way to approach it as a nation.

High Net Worth Investors and Long Term Care Insurance

Long term care insurance isn’t for every one, and many wealthy investors seem to think they don’t need a policy. Even those with an extremely high net worth are ignoring long term care insurance, according to a new study.

Is 2014 Your Year of Retirement?

As the new year approaches, now is the perfect time to reflect on your finances from this past year and look ahead to your retirement plans. If you are planning to retire in 2014 or any other time soon, you’ve likely considered these aspects of retirement, but it never hurts to look over your plans again and iron out the details.

Why You Shouldn’t Avoid Long Term Care Insurance

I read an article in the Wall Street Journal last week titled “Avoiding Long Term Care Insurance” and was surprised to read the financial advice.
A True Burden
A financial advisor wrote the column explaining why she advises her clients against the purchase of long term care insurance.

Long Term Care in Georgia: Who Pays?

States across the nation are taking a long, hard look at their long term care systems in an attempt to reduce costs and improve quality of care for patients. A recent article in the Columbia County News-Times discusses the prevalence of long term care in Georgia and how the typical form of payment affects the state.

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