Who Will Pay For Your Funeral Expenses?
Seems like a silly question, doesn’t it? You have money and other assets, as well as life insurance, so why worry about this. Due to a recent personal experience I learned that there can be problems. After a relative’s death, the estate was locked immediately and no withdrawals could be made from any accounts. The […]
Thanksgiving Dinner – How is Grandma Doing?
The holidays including Thanksgiving and Christmas are times when the entire family gets together. It is often the situation where we realize someone is not doing so well on their own anymore. Perhaps it is struggling to prepare all the food being a physical burden. Other times it might be forgetting to do something or […]
Will Your Children be Paying Your Bills?
A recent survey by TD Ameritrade found that 13% of American adults are financially supporting their parents. It appears to be a growing issue. According to their survey, 19% of millennials are helping pay their parents’ bills, compared to 13% of Generation Xers and 8% of baby boomers. How do you help your parents through […]
Long-Term Care’s Terrible Cost to Families
Two recent articles (links below) describe the terrible cost to families when they provide care for a loved one, and even worse when it is dementia. Currently, 40 million Americans are caregivers, and the cost is far more than money. It involves loss of time with other family members, cancelled trips, lost promotions, time away […]
Using Home Equity to Fund Long-Term Care
You can use your home to stay at home, or to pay for care so you can go to the facility YOU prefer. But first, why might you not be allowed to go to the facility you prefer? Long-term care (LTC) facilities need to charge for the care they provide. Their staff costs are significant […]
Do You Have Questions On How to Deal With Long-Term Care?
Many people do. Why can’t Grandpa give us the farm? Can Grandma keep her life insurance? Doesn’t Medicare pay for the first 90 days in a nursing home? Can I give my care to my grandchild? Can my parents pay me to care for them? If I care for my parents, must I pay income […]
Inexpensive Insurance That Pays For Care in Your Own Home
Home care insurance that almost anyone can get. You’ve surely heard how expensive and difficult to get long-term care insurance can be. Now we have something new. It pays for care in your own home (where you want to be anyway). It has only one health question – if your family were to all go […]
Will You Burden Your Children to Pay for Your Funeral?
Nobody intends to leave their funeral bill for their children, you probably have some life insurance and you certainly have money that can pay this bill. The problem is that things change and are often out of your control. Your health changes and suddenly you find yourself needing money to pay for long-term care, lots […]
Come hear Romeo Speak at the Oshkosh Senior Expo October 9th
At the Oshkosh Senior Expo come hear Rome Speak detailing strategies for any long-term care situation. It does not matter if you are healthy, or already receiving care. You may be quite wealthy, or poor as a church mouse. There are strategies for every situation to help with Long-Term Care. They range from protecting what […]
Don’t get Burned By These 5 Common Mistakes in Long-Term Care Planning
When should the spouse at home sell the house? Let’s say the at-home spouse does not want the too-big, ailing, inconveniently located, etc. house after the other spouse enters a LTC facility. Assume they may be spending down to Medicaid impoverishment. The home is an exempt asset for the at-home spouse. If sold BEFORE the […]
