10 Estate Planning Tasks To Complete Before 2013: #8. Review/Update Your Life Insurance

#8. Review/Update Your Life Insurance.

Check the amount of your life insurance coverage and see if it meets your family’s current needs.

Consider getting Long-Term Care Insurance to help pay for the costs of long-term care (and preserve your assets for your family) in the event you and/or your spouse should need it due to illness or injury.

 

Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis

On Friday, November 23, the S&P 500 closed @ 1409, and that was...
  
    +2.8% ABOVE its 12-Month moving average which stood @ 1371.
    +1.7% ABOVE its 40-Week moving average which stood @ 1386.
    -0.8% BELOW its 10-Week moving average which stood @ 1420.


Therefore, the INTERMEDIATE-Term trend IS NEUTRAL 
and the LONG-Term trend is NEUTRAL.

President Obama's Thanksgiving Blessing for The Pilgrims...

10 Estate Planning Tasks To Complete Before 2013: #9. Talk to Your Children About Your Estate Plan

#9. Talk to Your Children About Your Estate Plan.

You don’t have to show them bank and financial statements, but you can talk in general terms about what you are planning and why.

The more they understand it, the more likely they are to readily accept it — and that will help to avoid discord after you are gone. You can also talk to them about your values and the opportunities that money can provide.

Even better, show your values by doing — the holidays are an excellent time for families to do charitable work together.

  

10 Estate Planning Tasks To Complete Before 2013: #10. Get Basic Documents for Your Unmarried Kids

#10. Get Basic Documents for Your Unmarried Kids Who Are Over 18.

It’s a mild shock when we learn we can’t see our college kids’ grades without their permission, even though we pay the tuition. It can be much worse if they become ill.

Unmarried adults (18 and over) need to have a durable power of attorney for health care and HIPPA authorization, so you can act on their behalf in a medical emergency.

And, while you’re at it, go ahead and have your attorney prepare a simple will and durable power of attorney. Hopefully, these will not be needed, but if an event does occur, you will be glad you have them.

Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis

On Friday, November 16, the S&P 500 closed @ 1360, and that was...
  
    -0.2% BELOW  its 12-Month moving average which stood @ 1363.
    -1.8% BELOW its 40-Week moving average which stood @ 1385.
    -4.6% BELOW its 10-Week moving average which stood @ 1426.


Therefore, the INTERMEDIATE-Term trend IS BEARISH 
and the LONG-Term trend is NEUTRAL.

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10 Biggest Retirement Mistakes: #6. Tapping Retirement Accounts Too Soon

If you tap your retirement funds before age 59 1/2, you'll owe 
a -10% early-withdrawal penalty on top of the federal and state income taxes you'll pay on each distribution.

But if you are at least 55 when you leave your job, you can take distributions from your 401(k) without paying a penalty (although you will still owe income taxes on your withdrawals).

If you transfer your funds to an IRA, you lose the “55-and-out” option.

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Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis

 On Friday, November 9, the S&P 500 closed @ 1380, and that was...
  
    +1.0% ABOVE its 12-Month moving average which stood @ 1355.
    -0.3% BELOW its 40-Week moving average which stood @ 1366.
    -3.7% BELOW its 10-Week moving average which stood @ 1422.


Therefore, the INTERMEDIATE-Term trend IS BEARISH 
and the LONG-Term trend is NEUTRAL.

ObamaCare Will Leave 30 Million Uninsured...

10 Biggest Retirement Mistakes: #7. Interrupting Early IRA Payouts

A way exists to avoid early withdrawal penalties if you tap your IRA before you are 59 ½.

You must take “substantially equal periodic payments" from your IRA based on your life expectancy for at least five years or until you are 59 1/2, whichever is longer.

But if you deviate from the payout schedule, you'll owe a 10% penalty retroactive to your first withdrawal, plus interest.


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Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis

On Friday, November 2, the S&P 500 closed @ 1414, and that was...
  
    +3.2% ABOVE its 12-Month moving average which stood @ 1371.
    +2.2% ABOVE its 40-Week moving average which stood @ 1384.
    -1.5% BELOW its 10-Week moving average which stood @ 1436.

Therefore, the INTERMEDIATE-Term trend IS NEUTRAL 
and the LONG-Term trend is BULLISH.

The Peak Performance Time for Everything...

Under President Obama, The Federal Deficit Exceeds $1 Trillion for 4 Consecutive Years...

The U.S. Economy Grows Only 2% in The 3rd Quarter

Why It's Impossible to Balance The U.S. Federal Budget

Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis

On Friday, October 26, the S&P 500 closed @ 1412, and that was...
  
    +3.6% ABOVE its 12-Month moving average which stood @ 1363.
    +2.2% ABOVE its 40-Week moving average which stood @ 1381.
    -1.7% BELOW its 10-Week moving average which stood @ 1436.


Therefore, the INTERMEDIATE-Term trend IS NEUTRAL 
and the LONG-Term trend is BULLISH.

Cost of Living Increases - Decade by Decade...

The Cost of Living (as measured by the government's Consumer Price Index, CPI) in the USA increased +25% in the decade of the 1950s, +28% in the 1960s, +103% in the 1970s, +64% in the 1980s, +33% in the 1990s and +28% in the 2000s.  

Source: Department of Labor
  

10 Biggest Retirement Mistakes: #8. Failing to Sign Up for Medicare Part B on Time

Once you are eligible for Medicare, you must enroll in Medicare Part B, which covers doctor’s visits and outpatient services, within three months of turning 65 or incur a late-enrollment penalty that permanently boosts your Part B premium by 10% for every year you delay.

The penalty is waived if you have health insurance from your or your spouse’s current employer, but is retroactive if you don’t enroll soon after your coverage ends.

Did You Know That Banks Invest Billions of Dollars In Life Insurance?...

Click here...

Banks Place Billions Of Dollars In Cash Value Life Insurance!!!

ObamaCare Surprise: Lowest Earners Will Pay A Whopping 69% of The ObamaCare Individual Mandate Tax...

Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis

On Friday, October 19, the S&P 500 closed @ 1433, and that was...
  
    +4.8% ABOVE its 12-Month moving average which stood @ 1367.
    +3.9% ABOVE its 40-Week moving average which stood @ 1379.
    -0.2% BELOW its 10-Week moving average which stood @ 1436.


Therefore, the INTERMEDIATE-Term trend IS NEUTRAL 
and the LONG-Term trend is BULLISH.

Buyers of Long-Term Care Insurance Steadily Declining...

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