Long Term Care and How to Pay for it

Most people over the age of 65 will eventually need help with activities of daily living.  A man will need an estimated 2.2 years of such assistance and a woman will need an estimated 3.7 years.  If only one spouse needs the help it can be financially...

The Latest Scams and How to Protect Yourself Against Them

We live in an era of robocalls and telephone and on-line scams.  It seems more and more ‘bad guys’ are trying to separate us from our hard-earned money.  How do we identify the scams and what can we do about to protect ourselves from the...

Do You Have a Will? Do You Need One?

Most Americans don’t have a will, the legal document that indicates what you want your heirs to inherit and who you want in charge of your minor children when you die. Unfortunately, less than half of adult Americans don’t have a will in place when they pass away....

What is Probate? Probate made simple.

Probate is a legal process of (1) proving a will reflects the true wishes of a deceased person, (2) inventorying their property and belongings, (3) paying off their debts and taxes, and (4) distributing what’s left to their next of kin. Well, that’s the definition...

Applications of Consumer Psychology 2: Induced Demand

Induced Demand is a phenomenon small business owners should get familiar with. Conventional wisdom holds that higher supply floods a market of a resource, in turn lowering its demand among consumers. Induced Demand is what we call the opposite: supply for an item will...