Insurance, Bonds, and Social Security Strategies – 05/31/2025
Follow Us on Your Favorite Streaming Platforms
This episode of More for Your Money provides a market recap, noting the S&P 500’s strong May and year-to-date performance despite other indexes being down and the market appearing expensive. The hosts discuss assisting clients with increasingly complex financial situations. Topics covered include navigating complicated small estate settlements with old documents, managing existing, often expensive, long-term care insurance policies (stressing communication and using external resources like Pat Smith), considering self-insurance for auto and homeowners by adjusting collision/comprehensive coverage for clients with sufficient net worth, understanding different bond types like secured versus unsecured corporate debt, and exploring intricate Social Security strategies, including options for widows and ex-spouses, utilizing software to clarify choices. They also touch on clients choosing to move assets to cash due to market fears and underscore the importance of effective communication and leveraging resources like attorneys and tax advisors.