*|MC_PREVIEW_TEXT|* https://preservewm.com We've been keeping up with the latest headlines... here are two of our favorites worth sharing. ** Your Money ------------------------------------------------------------ For as crazy a year as 2020 has been, the investment landscape will go down in history as one of the better ones. That certainly wasn't the popular opinion in the depths of the March shutdown. But that's what risk is, isn't it? It's the chance that overwhelming confidence in the consensus is wrong. In 2020, it was a positive surprise. Okay, okay, I know. Most folks aren't worried about what can go right; instead, the real risk is about what can go wrong. Still, the premise is the same: where might consensus opinion be wrong? Here are five we're watching (in no particular order): 1. Problems with the vaccine rollout 2. Geopolitical and trade tensions do not fade 3. Fiscal and/or monetary policy tightening 4. A zombie economy 5. Interest rate/dollar shock Whether or not these particular risks come to pass, a new year almost always brings surprises of one form or another. Having a well-balanced, diversified portfolio and being prepared with a plan in the event of an unexpected outcome are keys to successful investing. Top Five Global Investment Risks In 2021 (https://www.schwabfunds.com/content/top-five-global-investment-risks-2021?mkt_tok=eyJpIjoiWlRNeU9HVm1PRFJpT0RReiIsInQiOiJ1Tmh1bnJiUzhcL2tpSHRaQ3hoNkhYTzlMR1BQbDhJWFhEczJhN1wvbkUzeWdDN0VuMk1PK3ZKR21qXC9SVzlJRUNcL3ZubzdZNXpFcGVaNER3N0dxYURRS0N3OUxIQ2huT2pjeWE2SmxRSDRZMUsybFhienI5dVdBZHRZeEVFYkFjNXAifQ%3D%3D) by Jeffrey Kleintop ** Your Life ------------------------------------------------------------ While Long-Term Care Insurance is advisable, some agree that it is unnecessary for those who have enough funds in their retirement accounts. Here are some considerations: * The average lifetime cost of long-term care is $172,000. * Medicaid pays for long-term care for lower-income individuals without other means. * Wealthy people with $3 million or more in investments, by contrast, usually can afford to pay for care out of their own pockets. While it will be costly, it shouldn't be ruinous. * Some life insurance policies allow the insured to accelerate death benefit money for long-term care. Remember, long-term care expenses are generally not covered under Medicare or other health insurance policies. Long-term care is for help with activities for daily living (ADLs) like bathing, bathroom, eating, medication management, and other daily living activities when you can no longer care for yourself. With Americans living longer and longer, planning for long-term care is a MUST, whether through personal funds or purchasing insurance. According to the Centers for Disease Control and Prevention, the US's average life expectancy is currently 78.6 years old, with women living 4.9 years longer than men. Not Everyone Needs to Buy Long-Term Care Insurance. Here Are Some Considerations. (https://www.barrons.com/articles/not-everyone-needs-to-buy-long-term-care-insurance-here-are-some-considerations-51607259602) by Neal Templin https://www.linkedin.com/in/danheth/ https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/ ** Complexity Simplified ------------------------------------------------------------ Now that the gift-giving and receiving part of the Holidays are over, you may think it is time to close that over-used wallet for a while. However, don't forget about the HUGE savings you can get from the After Christmas Sales. I've always wanted to set a magazine cover Christmas table with all the Christmas plates, platters, napkins, etc. However, I generally think about it when the Holiday Season just started, and prices are highest since new Holiday stock has just been released. Well, since I like saving lots of money, I am now more organized. I bought Holiday tableware last year, AFTER Christmas, when prices are up to 75% off in all stores, including the high-end ones. So, my Christmas table this year was just...FABULOUS! I also buy non-perishable stocking stuffers for next year. Happy New Year! What to Expect From After Christmas Sales in 2020 (https://www.dealnews.com/features/discounts/holidays/after-christmas/) by Erin Coduti ** Trivia ------------------------------------------------------------ A: Fort Knox Q: Which country consumes the most chocolate per capita? https://www.youtube.com/watch?v=HyTpu6BmE88 ** Back in 1986, this song reached #1 ------------------------------------------------------------ ============================================================ ** Facebook (https://www.facebook.com/preservewm) ** Twitter (https://twitter.com/preservewm) ** LinkedIn (https://www.linkedin.com/company/preservewm/about/) Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved. This email was sent to *|EMAIL|* (mailto:*|EMAIL|*) why did I get this? (*|ABOUT_LIST|*) unsubscribe from this list (*|UNSUB|*) update subscription preferences (*|UPDATE_PROFILE|*) *|LIST_ADDRESSLINE_TEXT|* *|REWARDS_TEXT|*

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