Some helpful tips on long-term care insurance

submitted by Rosemary G. Caligiuri, CASL™, President, Harvest Group Financial Services

Your goals and priorities will probably change as you plan to retire. Along with them, your insurance needs may change as well. Retirement is typically a good time to review the different parts of your insurance program and make any changes that might be needed.

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*Should I be investing more aggressively?

submitted by Rosemary G. Caligiuri, CASL™, President, Harvest Group Financial Services

There’s no way to know the answer to that without reviewing your individual circumstances and financial goals. However, if you are investing too conservatively, it can have a profound effect on your long-term financial security. That’s particularly true for women. Women often start saving later, save less, and invest more conservatively than men, which decrease their chances of having enough income in retirement.

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Divorce Q & A

submitted by Carla V. Risoldi, LLC, risoldilawoffices.com

Q.  I have two children with my estranged girlfriend.  She is threatening to take the children and move to Florida.  What are my rights?

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Can I change my annuity for one with a better interest rate?

submitted by Rosemary G. Caligiuri, CASL™, President, Harvest Group Financial Services

Yes. However, to receive favorable tax treatment, the exchange must satisfy the requirements of a Section 1035 exchange. According to Section 1035 of the Internal Revenue Code, you can exchange one annuity for another without the immediate recognition of any gain or loss, as long as the following requirements are met:

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When divorce becomes a reality

Submitted by Karen Ulmer Pendergast, Esquire, Ulmer Law, ulmerlaw.com

Oftentimes it is easier to deny that things have come to the point where a divorce is inevitable. While it may feel easier to pretend that everything is fine, it is not often the wisest course of action to continue to ignore what is happening. Being prepared for the divorce and the changes that come with it is essential no matter how difficult or how painful it may be to face reality.

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I don’t know much about investing, should I let my husband make the decisions?

submitted by Rosemary G. Caligiuri, CASL™, President, Harvest Group Financial Services

Even if your husband is a financial expert, it’s a good idea to at least understand investing basics. For one thing, because women on average tend to live longer than men, the odds are extremely high that you could be responsible for making your own financial decisions at some point. If you suddenly had to make all the decisions yourself – and many women have found themselves in that position – you’d benefit from knowing enough to protect yourself from fraud and/or communicate effectively with a financial professional.

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