I keep track of my networth analysis and FICO on an Excel spreadsheet and update it every Dec 31. I list all account balances, mortgage balance, assets, and ratios of pre-tax/Roth/brokerage accounts. It's very motivating to see.
My Dad urged me to purchase a long-term care policy for me and my wife when we were in our early 40's. What we settled on was a 10 pay rider fully paid up policy after 10 years, in home care for 3 years at half long-term rate, assisted living and long-term care unlimited. 0 wating days. 5% annual inflation unlimited. When I was nearing retirement I went to an elderlaw attorney to have trust drawn up. When reviewing the long-term care policy he said WOW probably 3 times and said we couldn't buy that today. I believe that it was the single best decision I have made to provide for our financial freedom and our children's inheritance. Not only that but now dealing with inlaws and finding a long-term facility when someone is Medicaid Pending creates a lot more complications than being able to say "self pay".
I keep track of my networth analysis and FICO on an Excel spreadsheet and update it every Dec 31. I list all account balances, mortgage balance, assets, and ratios of pre-tax/Roth/brokerage accounts. It's very motivating to see.
My Dad urged me to purchase a long-term care policy for me and my wife when we were in our early 40's. What we settled on was a 10 pay rider fully paid up policy after 10 years, in home care for 3 years at half long-term rate, assisted living and long-term care unlimited. 0 wating days. 5% annual inflation unlimited. When I was nearing retirement I went to an elderlaw attorney to have trust drawn up. When reviewing the long-term care policy he said WOW probably 3 times and said we couldn't buy that today. I believe that it was the single best decision I have made to provide for our financial freedom and our children's inheritance. Not only that but now dealing with inlaws and finding a long-term facility when someone is Medicaid Pending creates a lot more complications than being able to say "self pay".
I'm favoured $45k every 7 weeks! I now have a good house and can afford anything and also support my family