Even with good insurance from your employer, you’re most likely paying a larger share of your medical expenses than in the past — $11,600 for the average family in 2017, according to the Milliman Medical Index. A growing portion of that cost accrues during the year, from deductibles, co-payments and coinsurance — which now account for $4,534 of the average family’s expenses. The median deductible for in-network care charged by large employers is $1,300 for employee-only coverage and $3,000 for families, according to the National Business Group on Health.
When it comes to saving for retirement, maybe you’ve done everything right. You started early, maxed out your 401(k) plan, invested in a diversified portfolio and avoided costly mistakes, such as cashing out your retirement plan. Fantastic. But now comes the hard part: making sure you don’t outlive your money.
Nike (NKE, $53.19) has churned out a disappointing 2017 so far. Its shares have gained just 2.3%, a fraction of the 10.7% return delivered by Standard & Poor’s 500-stock index. Read more
A sound retirement plan is like a well-built house: Your savings form a solid foundation; retirement accounts are spacious rooms furnished with a balanced mix of stocks and bonds; Read more
These 5 often-overlooked issues could make or break your retirement.
What a difference a few months make. Read more
I have seen my share of client-drafted wills. While most people opt to have a lawyer draft their last will and testament, there is no requirement that an attorney do so. If you do opt to draft your own will, make sure to avoid the following five mistakes that I repeatedly see in layman-drafted documents:
Most of the financial advice you see focuses on telling individuals what they need to do to be a success in retirement. Read more
A handful of stocks is responsible for virtually all the gains in the stock market since 1926. The rest…
This column, like most articles about investing, usually tells you where to put your money—which stocks, bonds, sectors or asset classes are likely to yield superior returns in the future. What the pundits typically ignore is where not to put your money. Which investments should you shun? But I take up the challenge and identify four categories that you should avoid.