May 1, 2023

Long Term Care and Changing Priorities

Over the years, I’ve noticed a shift in people’s perspectives, especially when it comes to long-term care. Early in the financial planning process, I often ask clients about the importance of leaving an inheritance. Initially, many find it “somewhat important.” However, as they progress into retirement, some start to prioritize leaving something for their heirs even more.

One significant concern that can impact this desire is the cost of long-term care. It’s expensive, and addressing it later in retirement can be challenging or even impossible. This planning should be done when you’re younger and healthier.

Your priorities might change over time, just as mine did about flying. Reflect on what you truly want for your future and your family’s future. Regularly review your plans and ensure they align with your evolving needs and desires.

P.S. On a lighter note, if you think inflation is high here, you should see the prices in Aruba! A Miller Light for $11.00, a Vodka and Diet for $21.00, and a can of Diet Coke for $5.00. It’s always good to be back home!

Rather read the PDF version?


9 Steps to Start Your Retirement Side Hustle

Retirement doesn’t mean you have to stop working entirely. In fact, many retirees find joy and purpose in starting a side hustle during their golden years. If you’re considering this path, here’s a checklist to help you get started:

  1. Identify Your Skills and Interests: List down your skills and passions. Think about how you can transform them into a profitable venture.
  2. Determine Your Startup Costs: Calculate the initial expenses you’ll need to cover, such as equipment, supplies, and marketing.
  3. Obtain Necessary Licenses and Permits: Depending on your business, you might need specific licenses or permits. Always check with local and state agencies to ensure you’re compliant.
  4. Research the Market: Understand the demand for your product or service. Analyze competitors, pricing strategies, and potential customers.
  5. Create a Website: Establish an online presence where customers can learn about your offerings or even make purchases.
  6. Develop a Business Plan: Outline your business goals, target audience, pricing strategies, and financial projections.
  7. Set up a Business Bank Account: Keep your personal and business finances separate. This will make tracking income and expenses much easier.
  8. Determine Your Pricing: Set a competitive yet profitable price for your products or services.
  9. Set Realistic Goals and Expectations: Remember, building a business takes time. Be patient and stay committed to your vision.

Until next month, Wayne

Recipe of the Month

Rhubarb-Wine BBQ Sauce

Rhubarb is a versatile ingredient, not just for desserts but also for savory dishes. With grilling season upon us, try this Rhubarb-Wine BBQ Sauce:


  • 2 cups chopped rhubarb
  • 3/4 cup white wine
  • 1/2 cup honey
  • 1/3 cup balsamic vinegar
  • 1/2 teaspoon red pepper flakes
  • 1/2 teaspoon cayenne pepper (adjust to taste)
  • 1/3 cup diced shallots
  • 1 minced garlic clove
  • 1/4 teaspoon kosher salt
  • 1/4 teaspoon ground pepper


  1. In a medium saucepan, combine rhubarb, honey, wine, and balsamic vinegar. Bring to a boil, then simmer until rhubarb softens (about 5 minutes).
  2. Add red pepper flakes, cayenne pepper, shallots, and garlic. Cook for another 5-7 minutes.
  3. Blend the mixture until smooth. For a finer texture, pass the sauce through a sieve.
  4. Return the sauce to the saucepan and simmer until it thickens (about 10 minutes). Adjust seasoning if needed.
  5. Let the sauce cool before storing it in an airtight container in the refrigerator.

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