Jill on Money: Winter of our discontent

Download the podcast on iTunes

Download the podcast on feedburner

Download this week's show (MP3)

Long-term care (LTC) has been on my mind a lot lately. Maybe it's having aging parents and in-laws, or perhaps it was seeing the movie "Amour." It's such an important topic that I discussed it on television during the week week. On the radio show, a Canadian listener warned about some of the perils of LTC, while Michelle wonders purchasing life insurance might be advisable to guard against portfolio care-induced erosion.

Kathy from NY has been working with an independent financial advisor, but wants to make sure that she educates herself to better manage the relationship. Speaking of advisors, a bunch of people are trying to select a pro and finding it difficult to distinguish among the numerous choices. Joe from Buffalo is weighing a NAPFA advisor against one from Schwab; Melissa's potential advisor works through an organization that is unfamiliar to her; "S" is trying to determine whether a fee-only advisor who uses proprietary software is preferable to another who allows him to export data; and David in Texas is being told that an old retirement account should be used to purchase an annuity-does that make sense?

Retirement is on the mind of Pete from Baltimore, who is retiring soon and asked whether a Managed Payout fund would make sense to augment his two other sources of income. A listener from New York needs to know whether he can rely on a large municipal bond portfolio for retirement income; Mark from Alaska wants to know whether he should dump two insurance policies, now that he is retired; and Ken wants to make sure his retirement plan is on the right track.

We fielded a couple of mortgage questions, from very different circumstances: should John from Houston pay off his mortgage and should Mike take a mortgage on a property that he owns free and clear?

On the investment front, Alan and Vicki both need a reality check on their allocations; Dave from NY wondered about how ex-divided works; and Greg is seeking an alternative to his 0.8 percent CDs.

Here are web sites and resources mentioned in this week's show:

-- Jill's Blog

-- How to Choose a Financial Advisor: 10 Questions

-- NAPFA: National Association of Personal Financial Advisors (fee-only advisors)

-- Best CD Rates

-- E, EE and I Savings Bonds

-- The ABCs of Annuities: 6 Questions to Ask

-- The Pros and Cons of Annuities

-- Immediate Annuity Calculator

-- Annuity salespeople don't like me

-- Social Security: Manage your account online

-- Social Security estimator

-- When to take Social Security?

-- Social Security: File and Suspend

-- Social Security: Double-Dipping

-- Medigap insurance

-- Retirement Calculator

-- Retirement Plan Required Distribution Calculator

-- Long-term Care - US government web site

-- Long term care conundrum

-- Life Expectancy Calculator

-- Life Insurance calculator

-- Financial documents: What to shred, what to keep

-- Estate Planning: the Documents You Need

-- NYT Rent vs. Buy Calculator

-- Re-Fi Calculator

-- Another Re-Fi Calculator

-- Reverse mortgage info via HUD

-- Reverse Mortgages: Don't let the Fonz sell you

-- 529 plan info

-- College Loans: What you need to know

-- Student Loan Consolidation

Thanks to everyone who participated and to Mark, the BEST producer in the world. If you have a financial question, there are lots of ways to contact us:

Call 855-411-JILL and we'll schedule time to get you on the show LIVE

Send an email: [e-mail]

Tweet me: @jillonmoney

Post a comment on this blog

[RobertWomer]

Thanks for share this video,
Reverse mortgages are designed as financial assistance for people 62 years or older. The reverse mortgage works by allowing the homeowner access to the equity in their home without the issues of a monthly payment for the available funds.

http://www.reversemortgagelendersdirect.com/what-is-a-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/how-does-a-reverse-mortgage-work/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-information/