RIP traditional long-term-care insurance While many people fail to include insurance to cover long-term care costs in their retirement plan, buying traditional long-term care coverage may not be a wise move, according to this article on Market Watch. This type of insurance will not cover a policy holder's care expenses within the 180-elimination period before the coverage kicks in, and this could be a concern for those who have no substantial savings. A long-term care hybrid may be a better option since clients will not lose it if they won't use it, unlike the traditional long-term care coverage.  --Market Watch

Roth IRA strategies for the ‘Class of 2010’ Clients need to have a retirement strategy to make the most of holding a Roth IRA with 401(k) and other accounts, according to this article in The Wall Street Journal. They are advised to follow the ground rules, account for taxes when taking withdrawals, and carefully select the right asset to put in the accounts. They also need to continue contributing to their IRA accounts despite the ongoing debate in Congress on proposed changes to the rules, and for clients who have adequate nest eggs, a Roth account should be viewed as a vehicle to leave something behind to their loved ones when they die.  --The Wall Street Journal

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