MANSFIELD, Ohio – You’ve may have heard the grim statistics. Family firms comprise 80 percent to 90 percent of all business enterprises. More than 30 percent of these family-owned businesses survive into the second generation. Twelve percent will still be viable into the third generation, with 3 percent of all family businesses operating at the […]
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How to make the most of your IRA
MANSFIELD, Ohio — With so much media attention spotlighting retirement planning these days, you’d think the United States is a nation of hardcore investors, well-versed in the intricacies of all sorts of financial products. But the truth is most Americans know relatively little about one of the most effective tools for securing their financial futures: […]
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Choosing the right trustee
MANSFIELD, Ohio – Trusts can be used to help accomplish any number of estate planning goals. But the success of a trust strategy often depends on how well the trust is managed and that depends on the abilities of the person (or institution) named as trustee. Trustees must wear many hats. They are responsible […]
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The costs of living longer
MANSFIELD, Ohio – As Americans live longer, they are spending more of their later years in need of custodial medical care. Is long-term care insurance the best choice to alleviate the costs? In general, Americans are living longer. While that’s good news, it means more are going to live out a substantial part of their […]
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Planning for a long retirement
MANSFIELD, Ohio – Americans are living longer than ever, thanks to advances in health care, improved diets and better exercise. A 65-year-old today can reasonably expect to live another 15 or 20 years; among retired couples, there is a 50 percent chance one spouse will live past 90, according to the Society of Actuaries. This […]
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Women should consider planning for retirement
According to a study by the NationalCenter for Women and Retirement, nine out of 10 women will be solely responsible for their finances at some point in their lifetime. Women living in affluence may feel at ease with the resources they will have in retirement. However, this ease may lend a false sense of security […]