Protecting Assets from Nursing Home Costs in 6 Ways

Protecting assets from nursing home costs should be one of the pillars of retirement planning. Sad to say, many Americans have a blind spot for long term care costs. They underestimate the costs thinking that their savings will be enough to cover it.   Will it be enough?   Unfortunately, no.   Based on the… read more

Last Updated On:   The number one question caregivers always ask is this, “how to get paid for being a family caregiver?” Caregiving for a family member is done out of love, and there is no monetary compensation attached to it. Since this is mostly the case, taking care of a loved one can be… read more

November is Long Term Care Awareness Month, an annual campaign designed to educate Americans about long term care and its long term emotional, physical and financial impact. Long term care is often overlooked when planning for retirement, a clear indication that Americans don’t have the sense of urgency when preparing for their future long term care needs. In… read more

Money conversations between couples aren’t romantic but these should happen before retirement. Why? Couples fight about money and most often than not, one spouse’s spending becomes the root of the problem.   credit: www.time.com Retirement comes with challenges and most of them are deeply rooted in finances like mortgage, utilities, children’s education, debt, savings and… read more

Are you caring for elderly parents or planning to take on the role? We have you covered by preparing a checklist on how you can properly take care of your elderly parents without jeopardizing your retirement needs and your family’s needs in the process.   It is difficult to see your parents struggle, lose their… read more

Knowing what to look for in long term care insurance plans and providers can be difficult since its language is not as common or as standardized as it is for many other types of insurance plans. How can you tell what you need in your long term care insurance plan and from its provider? Download… read more

Long term care insurance coverage provides myriad of benefits like funding for home health care, adult day care, nursing home stay and assisted living facility services. It helps cushion the blow that comes from long term care costs by covering some if not all expenses a policyholder accrues. On top of that, these policies protect… read more

Most Americans today are concerned about retirement particularly their retirement expenses. But unlike before Americans are more optimistic about retirement based on the New Generations Ahead Study by Allianz Life.   The study was conducted among 3,000 Americans – 1,000 baby boomers (52-70 years old), 1,000 Gen Xers (37-51 years old) and 1,000 millennials (20-36… read more

Long term care insurance vs self-insuring is one of the issues that people consider before retiring. While some individuals choose to buy a traditional long term care insurance policy, some might get more advantages out of self-insurance.   Traditional Long Term Care Insurance vs Self-insuring Self-insurance refers to funding the expenses of long term care… read more

Are you one of those baby boomers who will eventually become elder orphans? These are people who don’t have spouses, adult children or companion they can rely on assistance, company and care especially in the latter part of their lives. In other words, they age in place alone.   Are You an Elder Orphan? Here’s… read more