Can I Restructure Assets to Qualify for Medicaid?
Several types of special income trusts and other strategies can be helpful, when trying to protect your family’s assets from the devastating costs of long-term care.
Any Ideas How to Pay for Long-Term Care?
The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.
Why It’s Necessary to Have a Medical Power of Attorney?
Selecting medical powers of attorney is an important step that aging parents should take to ensure they get the care they wan,t if they are unable to advocate for themselves.
Will I Be Ready for Long-Term Care?
For some, retirement means ‘where will we play today’s round of golf?’ For others, it could mean, ‘do I pay for my meds or my rent?’ In either case, a few concerns touch every retiree. The topic of long-term care is one of them, at least subconsciously. The question that causes more than a few sleepless nights is, ‘What happens when I can’t take care of myself anymore?’
How Do I Know If Dad Needs Personal Care Help?
Relationships can be complicated under the best of circumstances. However, when you see someone you love — like an aging parent, grandparent or close friend — struggle to take care of their health, stepping in isn’t always so simple.
What If Your Nest Egg Runs Dry in Retirement?
Americans say this is where they would turn, if they found themselves in a financial crisis during retirement.
How to Protect Assets from Medicaid Spend Down
Several types of special income trusts and other strategies can be helpful when trying to protect your family’s assets from the devastating costs of long-term care.
You May Need a ‘Durable’ Power of Attorney
A durable power will remain in force, if a court finds that you have become incompetent.
Relieve Regret About Retirement Savings
A 2019 survey by Global Atlantic Financial Group, which sells annuities, asked more than 4,000 Americans, pre-retirees and retirees, about their retirement savings. Of those surveyed, 55% said they had regrets. The top three were that they: Did not save enough. Relied too much on Social Security. Did not pay down debt before retiring. However,…
If You Become Incapacitated, a Power of Attorney Can Be a Lifesaver.
While we are alive, we can clearly make our own decisions. Unfortunately, one day you may find yourself in a situation where you cannot make your own decisions. Such situations occur most often in accidents, illnesses (physical or mental) and simple aging situations.
