Retirement in Motion

Retirement in Motion

March 19, 2024

Tips and Resources That Everyone Can Use

Knowledge is Retirement Power

According to the U.S. Department of Health and Human Services, 70% of Americans age 65 or older will at some point need long-term care — which can include not just residence in a care facility, but help with daily activities like bathing or assistance with household chores. Because Medicare does not fully cover these costs, you may want to consider long-term-care insurance. If so, try to purchase it in your 50s — well before you need it. The cost rises as you age and may not be available if you develop certain medical conditions. For more information, check out AARP’s Understanding Long Term Care.

Quarterly Reminder

If you're receiving a tax refund this year, consider creating an emergency fund with some or all of it. It's important to have this money available for when something unexpected comes up, such as a car, refrigerator or dishwasher breaking down. Aim to have 3-6 months of living expenses saved in an account that is separate from your checking account.


Q: What is considered a good credit score?

A: A credit score is illustrated as a three-digit number between 300 and 850. The higher the score, the better a borrower looks to potential lenders. The FICO® Score is the most commonly used credit measure, but there are other scoring models, including the VantageScore®. A good credit score is between 670 and 739 on the FICO scale, and between 661 and 780 on the VantageScore scale. In both cases, the two biggest factors affecting your credit score are your payment history and how much of your available credit you’re currently using. 

Tools and Techniques

Calculating your net worth is a great way to gauge your current financial health and measure your progress in achieving your financial goals over time. It’s simply the difference between what you own (your assets) and what you owe (your debts). Your savings have the potential to grow over time as you continue to pay down your debts — including student loans, home mortgage, credit cards and other items. Over time, your net worth should have a positive trajectory and give you confidence that you’re making smart financial moves. 

We are happy to help provide additional insight, feel free to reach out to me at or 800.307.0376.


Disclosure: This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. Investment Advice and 3(38) Investment Fiduciary services offered through Diversified Financial Advisors, LLC, a Registered Investment Advisor. 3(16) Administrative Fiduciary Services provided by PISTL Service Corporation. Discretionary Trustee services provided by Printing Industries 401k Trustees. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material. 

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