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Long term care is a topic that seems to pop up in conversations I have with many people.  It is also a subject that has a lot of confusion, and often high emotion.  Let’s distinguish between Long Term Care and Long Term Care Insurance. 

You already know that our financial habits determine our financial fate.  If we avoid credit card debt, spend less than we earn, and create a financial buffer against the unexpected, we tend to thrive financially.  If we carry a lot of debt or live constantly on the edge and with little savings, then our financial future is much cloudier. 

The following thoughts were inspired by Nick Murray in his book, “Behavioral Investment Counseling”.  These thoughts ring so true to me.  The hard part, though, is to truly internalize them.

Head of the household or heart of a household, women need to pay attention to personal finances.  

It is more challenging for women to fund their retirement because:

Our second peek at ancient texts that discuss economic life is from the book of Ecclesiastes. Ecclesiastes is believed to have been written by King Solomon around the third century B.C.E. The word Ecclesiastes means Teacher, and refers to Solomon. You may recall that he was considered one of the wisest men who ever lived. (Remember the story of him deciding to tear the baby in half?)

I have been a wealth manager for almost fourteen years. After all this time, my first career—telecommunications—is a distant memory. However, one memory which has not faded with time is the way I felt when I left my first career.

It may surprise you to see your retirement savings accumulate significantly more by simply increasing the percentage of salary that you defer each month into your retirement plan.