Seven Things To Know About LTC Insurance
1. You may not need as much of it as you think There is usually no need to purchase enough of it to cover the cost of care in the locale where you may use it. Bear in mind that most income such as Social Security continues until death, as do, pensions, interest income, etc. […]
Home Care Workers Rally For higher Wages
This was a headline in the USA Today newspaper this past week. Home care workers are among the fastest growing sectors of the labor force. Last year the NY Times printed that by 2020 there will be more people in the USA working as caregivers than work in retail. Many minimum wage workers are pushing […]
I Need More Home Care – But I Cannot Afford It!
I hear regularly from home care agencies that people are skimping by with less visits or shorter visits than they really need to care for their loved one or themselves. Not everyone can afford all the care they need because money does not grow on trees and they don’t have enough trees. Savings may be meager, or […]
Why Do Medicare Reductions ($400 Billion) Matter?
Our president wants nursing homes to deliver care much more efficiently and for significantly less over the next ten years. The proposal indicates that Medicare can save $400 Billion over the next 10 years in reimbursements for nursing home recovery care following a hospital stay. There are also proposals afoot to raise the minimum wage […]
Considering LTC Insurance? You Might Find Something Entirely Different Is Substituted
So, you’ve decided to investigate LTC insurance. Now, which type do you look at or might be suggested by the agent? You can keep things simple by concentrating on just a few important points: 1. How much money will it give me WHEN I NEED CARE? 2. How long will I be able to collect that money? […]
Why You Shouldn’t Count On Your Family To Take Care Of You When You’re Old
The Washington Post recently published an article claiming that the great majority of Americans think (incorrectly) that their family will provide their care when they are old. First of all, 60 percent of adults between 40 and 65 don’t think they will ever need any long term care (LTC). The Health and Human Services office […]
Giving An Engagement Ring for Christmas? Be Aware Of This!
Christmas is a common time to get engaged. A ring doubles as both a wedding proposal and solves the what to give her for Christmas question. Then you can dream in front of the fire this winter, planning a spring wedding. Financial planners will offer many pieces of advice to new engaged couples, but typically […]
Thanksgiving is Coming, How is Your Family Doing?
Thanksgiving comes around every year about this time. Families get together, hopefully getting along. Sometimes it is the one time a year everyone sees how the older members of the family are doing since last year. For some families, it will be a difficult time when they realize that grandma or grandpa are not as […]
Be Careful About Gifting
The concept of “gifting”, or spreading gifts throughout one’s lifetime, has been a recognized as an effective strategy for reducing estate taxes. But, did you know that there is more to think about “gifting” than how it might impact estate taxes—especially for those people for whom estate taxes are not a concern? So, what is […]
More Bad News For The Sandwich Generation – Filial Responsibility Laws
The sandwich generation are the folks who are currently raising teens, paying for school, and taking care of their parents as well. This causes much missed work, missed work opportunities, missed events with children, and general exhaustion. How could you possibly accept a promotion requiring a move when you are taking care of an aged […]
