My Comments: Bad things happen to good people from time to time. One of the bad things is that as we age, we tend to need more and more care from others to get us through the day. At some point, if you are still alive, it may be necessary for a professional to help …
Continue reading Don’t Fall for These 10 Long Term Care Insurance Myths
My Comments: "Who me? Nah, I’m good. I’m not going to become goofy or worry about someone helping me take my meds every morning. Or help me prepare my meals. Or help me in the shower…" (BTW, this image is of my mother who suffered from Alzheimers for 10 years after my father died.) by …
Continue reading If you’re in your 50s, you need to plan for long-term care right now
My Comments: Long Term Care and the associated costs have become an increasingly obvious existential risk faced by people in retirement. We’re living longer and longer and despite our best efforts, we tend to become more goofy and less healthy as we age. If we can no longer function on our own, of if we …
Continue reading Paying for Long Term Care with a Hybrid Life Insurance Policy
My Comments: Health issues in retirement are a given for those of us not already passed. Whether they end up costing an arm and a leg depends to some extent on how prepared we are before they happen. Both my wife and I are covered by Medicare and each of us has a ‘medigap’ insurance …
Continue reading How to Prepare for Costs Medicare Won’t Cover
Tony’s thoughts about this: For those of you who have not yet ‘retired’, know that it will be dramatically different from your ‘before retired’ years. Planning for those years, if you expect to enjoy life and consider your retirement a success, is essential. My days as an active, looking for new clients financial person are …
Continue reading What Is Missing From Most Retirement Advice
My Comments: As you approach phase two of your adult life, please understand that the economic and financial dynamics can change dramatically. Retirement is when you have effectively turned off the ‘work for money’ switch and have turned on the ‘money works for you’ switch. That implies you have money and credits in place to …
My Comments: Those of us who live long enough to enter the final stages of our lives get to confront something that rarely happens to those not retired. I often refer to this as ‘becoming goofy’, though it’s not always a mental affliction. (My mother had Alzheimer's and needed constant attention for over nine years.) …
Continue reading The 1 Retirement Expense We’re Still Not Preparing For
My Comments: If you don’t think about it, maybe it’ll go away. But for millions of us, living longer than our parents, LTC is an insidious risk that needs to be dealt with. There is probably no best answer, just a better one. Short of dying early, most of us will need advanced care of …
Continue reading How to pay for long-term care? Several funding options exist
My Comments: Politicians apparently have no earthly idea what getting old does to your finances. Of the 50 state Medicaid directors, red states and blue states, all 50 came out in opposition to the most recent attempt by Congress to repeal the ACA or ObamaCare. None of us are willing to allow the elderly to …
Continue reading How to Get Medicaid for Nursing Home Care Without Going Broke
My Comments: Demographics and interest rates are things over which few people have any control. It used to be DEATH AND TAXES, but not anymore. Before DEATH these days is an insidious threat called Long Term Care, or LTC. We can agree it’s not OK to just take old people out into the woods and …
Continue reading The Cost of Long-term Care is Going to Bankrupt Us
Helping Define Your Financial Future 