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

  Thanksgiving is fast approaching, the best time to take out your list of important questions to ask aging parents. Now, it’s your turn to be on the opposite side of the table and start a conversation about their current needs, plans and wishes.   Will you visit your aging parents this Thanksgiving and initiate… 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

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

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

Last Updated On:   The youngest of the baby boomers are just a few short years from turning 65. However, the ongoing changes and the obvious struggles of the ones who retired before them have left the younger boomers hesitant to take the step. Perhaps, one of the biggest concerns on their minds right now… read more

Here’s what you are up against: Retirement expenses have sky-rocket to levels that are nearly impossible for many Americans to afford without any help. Comfortable retirement now appears to be a luxury that only the ultra rich can afford with ease. In fact, reports show that you would need $350,000 just to cover health care… read more

Delayed retirement is increasingly becoming popular among baby boomers, and it is primarily because of two reasons:   Longevity and the lack of retirement savings.   As many of you are aware of by now, turning 65 years old opens us to a great deal of uncertainty. Many are living longer lives than they initially… read more

High health literacy can help baby boomers achieve one of their biggest goals: to thrive while growing older. By being equipped with the necessary information, baby boomers can make strategic decisions and remain in full control of their future. This is why they must prioritize improving health literacy just as much as saving money for… read more

Long term care insurance rates, policy types and coverage, retirement plans, and Social Security benefits—these are just a few of the aspects of boomer retirement Over the years, we have witnessed substantial changes in how older adults choose to retire and grow older. Their behavior in relation to aging and long term care has deviated… read more