protecting investments

If you haven't done any asset protection planning, your wealth is vulnerable to potential future creditors and, should the worst happen, you could lose everything.

Lawsuits, taxes, accidents, and other financial risks are facts of everyday life. And though you'd like to believe that you're safe, misfortune can befall even the most careful person. What can you do? First, identify your potential loss exposure, then implement strategies that are designed to help reduce that exposure without compromising your other estate and financial planning objectives.

Long term care is the type of care you may need if you have a prolonged physical illness, disability or severe cognitive impairment (such as Alzheimer’s disease) that keeps you from living independently.

Here are some very important things to consider when meeting with your financial advisor and planning you long term care:

• Two-thirds of people over age 65 will need long term care in their lifetime.
  

For many investors, investing typically begins with one stock or mutual fund. Over time, other selections are added because many people understand it may not be prudent to invest everything in a single security, even if it has a “blue chip” reputation. However, just “spreading money around” in a haphazard way may create only an illusion of diversification.

A unique opportunity is about to unfold for current IRA owners… In 2010 all clients are eligible for a Roth Conversion with no income limits prohibiting the conversion.

The Roth IRA permits tax-free growth and tax-free income distributions in retirement (assuming you are age 59.5 or older and have held your Roth account for a period longer than 5 years). You may also contribute to your Roth IRA at age 70.5 without having to take mandatory withdrawals. This makes the Roth extremely attractive for younger investors.

For the month of February, www.thewisebuck.com is going to focus on giving you tips about insurance. Life Insurance, Health Insurance, Auto Insurance, Home Owners Insurance, etc. And, while I know this probably isn’t your (or my) favorite or most exciting personal finance topic, it is very important in creating financial independence and safe guarding our financial world. How so?

If there is anything we have learned from the past twelve months, it is the absolute necessity of protecting investments on all levels. From the top execs at Wall Street all the way down to the financial advisors managing your money, there has been a focus on managing returns rather than managing risk.