Four Questions to Ask Before You Open Your Wallet

Even if you have the best of intentions, it’s easy to overspend. According to a Gallup poll conducted June 9-15, 2014,* 58% of people who had shopped during the previous four weeks said they spent more at the store than they originally intended to. Even if you’re generally comfortable with how much you spend, you… Read More

Life Insurance Riders that Pay for Long-Term care

Life insurance has many uses, including income replacement, business continuation, and estate preservation. Long-term care insurance provides financial protection against the potentially high cost of long-term care. If you find yourself in need of both types of insurance, a life insurance policy that combines a death benefit with a long-term care benefit may appeal to… Read More

Scammers Targeting Vulnerable Elderly

FoxBusiness.com

reposted from FoxBusiness.comby: Andrea MuradOctober 29, 2014 Financial fraud is devastating to everyone, but it can hit the elderly especially hard. “If you’re 20 [years old] and something happens to you financially, you have a long time to make a difference,” says Mackey McNeill, founder, president and CEO of Mackey Advisors. “If you’re older and… Read More

14 Ways to Survive the Holidays Without Breaking the Bank

Anyone who knows me well is aware of the fact that I go a little overboard during the holidays. I overload on movies like Elf, A Muppets Christmas Carol, and A Christmas Story. I have the Pandora Holiday station churning out one-hit wonders, and old standards. It is also not uncommon to see my best… Read More

Sustainable Withdrawal Rates – Part 2

As mentioned in part I: Sustainable Withdrawal Rates, estimating the correct amount to withdraw from your retirement savings is critical in ensuring you make your investments last for your entire life as well as your spouses. Part II focuses on the various techniques that can be employed to minimize the risk associated with outliving your… Read More

Sustainable Withdrawal Rates – Part 1

You’ve worked hard your entire life and you’ve saved diligently to make sure you’d have financial freedom in retirement. Now that you are either in retirement or getting close to it, you need to make sure your finances, i.e. what you have in your retirement portfolio, lasts the rest of your life and possibly that… Read More

How to Buy Long-Term Care Insurance

Kiplinger.com

reposted from Kiplinger.comby: Kimberly LankfordFrom Kiplinger’s Personal Finance, November 2014   Mackey McNeill, a CPA and personal financial specialist in Bellevue, Ky., talks with clients in their fifties and early sixties about protecting their retirement savings from potential long-term-care expenses—which currently average more than $85,000 a year for a private room in a nursing home. But when McNeill turned… Read More

Yes, you should dump him because of his poor credit score

SheKnows.com

reposted from SheKnows.comby Mary McCoy When I was in my early 20s, I fell in love with a guy who had an abysmal credit score. He was open about it, and I was willing to give him a chance. After all, love conquers all, right? Right, until he stole my social security number and financial… Read More

U.S. Census Bureau Issues Report on Health Insurance Coverage in 2013

A report from Broadridge Forefield, September 24th, 2014

According to the latest Census Bureau report, the estimated U.S. population for the 2013 survey was 313.4 million compared to 311.1 million in 2012, yet the total percentage of uninsured dropped from 15.4% in 2012 to 13.4% in 2013.   The U.S. Census Bureau recently released its report, Health Insurance Coverage in the United States:… Read More

My Kid is Going to Cost Me How Much!?

Time for a Financial Plan

News flash …. HOT off the press …. And one that falls squarely into the laps of the Gen Y / Millennial generation!!   Last week, the United States Department of Agriculture released its’ annual report that details the cost to raise a child from birth to the age of 18.  YIKES!!  This report doesn’t… Read More