How Gary Coleman Lost His Fortune

Don't Keep All Your Eggs In One Basket

I think we can all agree that Gary Coleman made a fortune as a star on Different Strokes (at one point making over $70,000/episode). I think we can also agree that Gary Coleman has lost a fortune over the years (now starring in commercials for a cash advance company with his tag line "Pay your bills on time and everyone will love you"). While nobody, except for Gary, can identify exactly how he lost his fortune, we can certainly make the assumption that he did not properly allocate his money. This is why this month's feature topic is on the strategy of Asset Allocation. Asset Allocation - also known as diversification - is the investment strategy that spreads your assets across several different investment styles and asset classes. The objective is to reduce long-term risk and capture potential profits across various asset classes.

CLICK HERE TO LEARN MORE ABOUT ASSET ALLOCATION

Ouch! Long-Term Care Costs Are Up Again!

The average annual cost for a private one-bedroom unit in an assisted living facility rose 7 percent from the 2005 survey, to $32,294, while the combined average hourly rate for a home health aide for in-home long term care spiked 13 percent to $25.32 per hour. The average annual cost for a private room in a nursing home rose modestly by 2 percent over last year to $70,912.

Call RSG to learn about the insurance and asset based solutions available for Long-Term Care.