Potential Concerns and Risks for Traditional Long-Term Care Insurance

By Wade Pfau, Ph.D., CFA, RICP®

The range of expenses covered by long-term care insurance varies, and it is important to understand what exactly is covered by a contract under consideration.

Prophets & Losses: Predicting the Market is a Losing Proposition

By Bob French, CFA

WHAT IS OCCAM’S RAZOR? Occam’s Razor is a principle attributed to William Occam, a 14th century philosopher. He stressed that explanations must not be multiplied beyond what is necessary. Thus, Occam’s Razor is a term used to “shave off” or dismiss superfluous…

Examining Long-Term Care Insurance

By Wade Pfau, Ph.D., CFA, RICP®

At some point, wealth may be sufficient to self-fund long-term care expenses, but reasonable individuals may still decide to include insurance in their plans as part of an overall risk management strategy.

Two Options for Funding Long-Term Care

By Wade Pfau, Ph.D., CFA, RICP®

I discuss two options for funding long-term care: self funding and Medicaid.

The Continuum of Long-Term Care

By Wade Pfau, Ph.D., CFA, RICP®

Many receive long-term care at their homes or at community centers or adult day care centers. Institutionalized living is not always required, and proper long-term care planning may allow one to remain at home longer than otherwise possible.

Costs and Incidence of Long-Term Care

By Wade Pfau, Ph.D., CFA, RICP®

How likely is a person to experience a need for different types of long-term care? This is a challenging question and it is hard to find good answers.

Evidence-Based Investing: Which Financial Theories Have Borne the Most Fruit Over Time?

By Bob French, CFA

You’ve probably heard the term evidence-based investing. In fact, you may have even read about it here. But do you know where the term comes from? Obviously, the key word is evidence, referring especially to the kind that has been peer-reviewed and…

The Importance of Planning for Long-Term Care

By Wade Pfau, Ph.D., CFA, RICP®

Long-term care spending represents one of the most severe spending shocks that can impact retirees.

How a Roth Conversion Could Save You Money in the Long-Term

By Bob French, CFA

Roth conversions – the basic idea is that you take money from your traditional IRA, withdraw it, pay taxes on it, and move it to your Roth IRA. This means you will be paying more in taxes today. Why would you want to do that?

Potential Directions for Social Security

By Wade Pfau, Ph.D., CFA, RICP®

A common argument for claiming Social Security early is that the program is about to be dramatically overhauled, but it seems rather unlikely that any impending reforms would leave near retirees with significant reductions to benefits.

Losing the Forest for the Trees: The Dangers of Comparative Investing

By Wade Pfau, Ph.D., CFA, RICP®

Some investors measure financial success by comparing their returns against popular benchmarks like the S&P 500 Index. It can be comforting to know how your investments compare to others … but there’s a catch. If you aren’t comparing your investments to similar…

The New Case for Reverse Mortgages

By Wade Pfau, Ph.D., CFA, RICP®

Reverse mortgages provide the ability to borrow a portion of your home equity without being required to repay the loan until the owner has permanently left it.