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12 Lessons Learned From My Homeowner’s Insurance Claim
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4 Things to Consider About Healthcare in Retirement
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Facing the Future on Your Own
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5 Reasons Why You Shouldn’t Use Yelp to Find Advisors
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Health Savings Account for 2017

12 Lessons Learned From My Homeowner’s Insurance Claim

Executive Summary

This story is about my personal experience in dealing with a homeowner insurance claim for a roof replacement.  Although virtually every other home in my neighborhood experienced the same damage (from a freak hailstorm), my insurance claim became a long, drawn out affair.  While the settlement terms are beside the point, I hope this story will help steel someone for the challenges they might face if they’re dealing with a particularly tough insurance company.

Disclaimer:  Sorry, but I have to put this up front.  I’m a fee-only financial planner.  My firm, Westchase Financial Planning, is a registered investment …

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4 Things to Consider About Healthcare in Retirement

As we all are painfully aware, the costs and complexity of healthcare are skyrocketing, and nothing seems to be slowing things down.  Granted, the incoming administration is making overtures to give attention to the problem, but… as we all know, paths to places we don’t want to go are often paved with good intentions.  At this point I would not hold my breath for the next great proposal on healthcare costs, the problem is enormous and not easily resolved.

Recent information from Fidelity suggests that a 65-year-old couple who retired in 2016 can expect lifetime healthcare costs to top $260,000 …

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Facing the Future on Your Own

You lie awake in the middle of the night, staring at the ceiling. All your dreams and plans for a future with your spouse have come to an end. This wasn’t the plan.

The reality of your situation is clear: you are now on your own and responsible for the outcome, in ways you never imagined.

Resist the urge to panic. You’re better prepared for this challenge than you know. It’s a good time to get your emotions in check and think about these five core concepts:

  1. Your financial security is now aligned with your beliefs and focused completely on
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5 Reasons Why You Shouldn’t Use Yelp to Find Advisors

Yelp is a very popular online site where consumers post ratings based on their personal experience of retail stores, restaurants and service providers. The simplicity of the site is that if you see that 200 people had been to a particular restaurant and each had a very good experience, there’s a good chance that you will have a favorable experience

The post 5 Reasons Why You Shouldn’t Use Yelp to Find Advisors appeared first on Chamberlain Financial Planning & Wealth Management.…

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Health Savings Account for 2017

When you have a health savings account you’re allowed to make contributions to the health savings account that are deductible from your income.  There are limits to the amount that is deductible each year, and these limits are set by the IRS.

In order to have a HSA, you must also have a High-Deductible Health Plan (HDHP), which is a health insurance policy that, as the name implies, has a high deductible.  Qualified plans have a minimum deductible of $2,600 for families (for 2017) or $1,300 for singles.  In addition, HDHPs have a maximum annual limit on the sum of …

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