Ford Financial Group
David P. Ford, CFP®
Lynn M. Ford, CRPC®

Blog

When it Rains Gold, Reach for a Bucket

"Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, reach for a bucket." -Warren Buffett The battle with COVID-19 rages on, and the headlines continue to get worse. The number of new cases and deaths continues to grow. Individuals and companies are hurting, with even an iconic company like The Cheesecake Factory telling landlords they won't be able to make their rent payments for April.
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A Test of Our Resolve

The world continues its battle to contain the COVID-19 pandemic, which now has likely impacted, either directly or indirectly, nearly every person on Earth. This is far more than just a health crisis - this is a human crisis. Its fearful wake will only be bested by the bravery, perseverance, and hope of a determined world. It is more than just a dangerous illness, it is a test of our resolve.
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Deciding When to Start Taking a Pension

Most businesses today do not offer a pension plan. But pensions are still a common benefit for teachers, federal employees, and others who work in the public sector. Many grandfathered private-sector plans also still exist.
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Impact of the SECURE Act

As you may know, the SECURE Act was signed into law on December 20, 2019. This landmark piece of retirement legislation could have an impact on decisions you may want to make regarding your retirement savings strategy. Click below to access a one-page summary that highlights some of the key changes as well as some additional detail regarding the specific provisions.
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Should You Purchase Long-Term Care Insurance

According to the U.S. Department of Health and Human Services, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and supports in their remaining years. Whether you or your spouse will require long-term care is difficult to predict. But it is wise to consider long-term care insurance and whether it may be a good idea for you.
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How Much Social Security Can You Expect?

One of the first steps in planning for retirement is to get an accurate read on just how much income you can expect to receive from Social Security. The exact amount of your Social Security benefit will depend upon your earnings history and retirement timing. Although Social Security provides only about a third of a typical retiree's income, it often serves as the foundation for calculating how much other income you'll need and how much you'll need to save.
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