Tag: Long Term Care Planning
The new Genworth numbers also provide yet more evidence that you need to save a good chunk of money for potential long-term care costs. Long-term healthcare is costly. And it’s only going to get more expensive. A recent nextavenue.org article, titled “Are You Set to Pay a $262,800 Nursing Home Bill?“, found that price increases […]
The law is aimed at protecting people 70 and older who are victims of financial abuse. People convicted of large-scale abuse could be sentenced to more than 40 years in prison. Kansas recently passed a new Elder Abuse Law for victims of financial abuse that are age 70 or older. If offenders are convicted of […]
Federally insured reverse mortgages, issued under the Home Equity Conversion Mortgage program, are a way for homeowners 62 and older to borrow money using their home equity as collateral. Reverse mortgages can be costly, but are (in some cases) the only option for older homeowners without cash and who have mounting health care expenses. A recent […]
There is no question that most of the burden falls on women for the physical and financial impacts of caregiving. As parents live longer, more women are feeling the crunch. Who do you think is depended upon more for taking care of elderly parents — men or women? A recent article in Forbes stated that […]
You may have to raise some unpleasant issues when you speak with family members over the holidays if you want to ensure a successful retirement. Soon enough families with be gathering together to celebrate the holiday season. There will be much chatter around the table as families catch up with their loved ones. And while […]
