Financial QB TV Videos Archives - The Financial Quarterback™

Paying For Long-Term Care Insurance

July 7, 2020 by Richard E. Reyes, CFP®

Longevity and demand have made getting (and paying for) long-term care insurance increasingly difficult. But that doesn’t necessarily mean you should go without it.

Here’s how to analyze whether you really need long-term care (plus an inventive way to pay for it).

We rarely like to think about it, but needing long-term care is a reality that many will have to face. Long-term care (LTC) can come in the form of a nursing home, assisted living facility, skilled care by a nurse, custodial care, or even home health care provided by family members, but regardless of which path you take, you can rest assured of one thing: it will be expensive.

Long-term care costs an arm and a leg, no matter who is providing it. Which is why many turn to long-term care insurance policies for financial protection. Unfortunately, people soon discover that LTC insurance isn’t always the “easy solution” they hoped it would be. [Read more…]

Fiduciary vs. Broker…Which Do You Have?

June 23, 2020 by Richard E. Reyes, CFP®

Your money is too important to entrust to just anyone.

Let’s take a look at a fiduciary vs. broker and see how the two measure up (and which one you should trust with your money).

[Read more…]

New RMD Rules and COVID

May 12, 2020 by Richard E. Reyes, CFP®

On March 27, 2020, the CARES Act was passed and signed into law.

This massive piece of legislation was passed as a result of the COVID-19 pandemic. The legislation made significant changes that impact retirees, retirement income strategies, IRAs, income taxes, and qualified retirement plans like 401(k)s, 403(b)s, etc.

One major impact it made was in reference to Required Minimum Distributions (RMD). [Read more…]

What Retirees Should Do Now During COVID-19

April 29, 2020 by Richard E. Reyes, CFP®

If you are retired during this COVID-19 pandemic, chances are you might be concerned about your future retirement.

In fact, most retirees don’t plan their retirement well and are too dependent on the market. [Read more…]

What Pre-Retirees Should Do During COVID-19

April 23, 2020 by Richard E. Reyes, CFP®

It’s never too late to get serious about your retirement.

I have found that 55 is usually that arbitrary point where, depending on when you expect to retire, you’re starting to think more seriously about those post-65 years. [Read more…]

How I’m Investing During COVID-19

April 17, 2020 by Richard E. Reyes, CFP®

It’s a tough financial time for many as we deal with the COVID-19 pandemic, but that doesn’t mean you have to lie down and let yourself get pummeled. There are things you can do to manage your assets!

If you’re fortunate enough to not have your family income reduced during this time, there are some opportunities to protect yourself and grow your long-term wealth if you are under the age of 55. [Read more…]

Looking For the Perfect Investment? Here’s the Secret….

April 14, 2020 by Richard E. Reyes, CFP®

We are in some weird times right now. A few weeks ago, I would have never imagined that I would have to plan for our federal, state and local governments to shut down an entire economy due to a pandemic like the coronavirus (COVID-19).

I have been through several economic downturns in the past and, unfortunately, it’s times like this that many investors will panic and make some big money mistakes.

And one of the biggest mistakes is trying to search for the “perfect investment.” [Read more…]

Dollar Cost Averaging and Retirement Don’t Mix!

March 26, 2020 by Richard E. Reyes, CFP®

You’ve probably heard the term dollar cost averaging over your years of making contributions into your retirement accounts. Dollar cost averaging is when you make a regular, fixed-dollar contribution into your investments regardless of what occurs in the market. [Read more…]

Why COVID-19 is the Perfect Time For a Roth Conversion

March 25, 2020 by Richard E. Reyes, CFP®

These are uncertain times. People are getting laid off, the stock market has taken a hit, and and there are a lot of unanswered questions.

But this is also the perfect opportunity to get your retirement plan in order. In fact, there are many reasons that doing a Roth conversion is a great decision. And even better? It’s not hard to do.

[Read more…]

Don’t Let Coronavirus Derail Your Retirement Plans!

March 23, 2020 by Richard E. Reyes, CFP®

I don’t know!

That’s the only answer I have to some of the questions swarming around the coronavirus (COVID-19) outbreak. There have been so many aggressive actions implemented in the dealing with the possible outbreak, but information is changing so fast that no one has any real certainty. [Read more…]