My Comments: Long Term Care, often reduced to the acronym LTC, means that someone, perhaps you, have developed mental and/or physical limitations that require the assistance of others to get through a 24 hour day. Care may come from a family member or from professionals, but unless you plan to die soon, you may need …
Continue reading The Crippling Cost of Self-Insuring Long-Term Care
My Comments: As someone with more years under my belt that I like to think about, dealing with the potential costs of long term care is never far from my mind. We all know that sooner or later the light will go out, but none of can be sure it will go out quickly. And …
Continue reading 5 Long-Term Care Stats That Will Blow You Away
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: Here are six interesting observations about life in retirement. Depending on your circumstances, I might not list them in this order, but they are all valid. I like to think each of us has three major phases of life; childhood, adulthood, and retirehood. ( not a word but you get the idea… ) …
Continue reading 6 Things No One Ever Tells You About Retirement
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: After 40 plus years as a financial/retirement planner, I’ve lost count of the number of people who, as they approach retirement, ask whether they’ll have enough money. Or the corollary, when will they run out? If you expect to have a successful retirement, ie one where you run out of life before you …
Continue reading Guess How Many Seniors Say Life Is Worse in Retirement
My Comments: Aging gracefully is not easy. When getting up in the morning is a struggle and you can’t remember if you’ve brushed your teeth, there may be a looming bump in the road. Dr. Gloom here again. I suppose there is value in denial. At least I hope so. Couple that with both the …
My Comments: This was written almost five years ago. During these years, every reader today is almost five years older and while the world has changed dramatically, the demographics are still with us. Among the existential risks we all face is what is known as a Long-Term Care, or LTC event. Before we all die, …
Continue reading What’s Killing The Long-Term Care Insurance Industry?
My Comments: The greatest economic threats to the health and welfare of the world I will leave to my grandchildren will arise from the disparity between the haves and the have-nots. One side of this argument arises from the contempt that was pervasive across the planet toward a political movement driven by what came to …
My Comments: 30 years ago, my vision of retirement was as vague as what you see if you stand outside on a clear dark night and look upward. A vast empty space with millions of tiny points of light, far away and mysterious. Today, not so much. I tried it a few years ago and …
Helping You Prepare Your Financial Future 