No One Plans to Fail

No one wakes up in the morning with a deliberate plan to fail, but I do believe many of us plan for failure by simply procrastinating because while we all know we will die it all seems so far off. Unfortunately, too often the unexpected arises, and families are left scrambling to figure out what to do for those they love. When my mother’s health became such that my father had to place her in

How to Preserve Assets When Faced With Long Term Care Costs

It is estimated that over 70% of people over 65 will need some type of Long Term Care(LTC) according to the US Department of Health & Human Services. Meet Charlie and Fran.  They have three children, 9 grandchildren and 5 great grandchildren…so far!  They have hopes and dreams for their future generations and have worked hard to ensure their legacy is passed on.  As they age, they realize that if either one of them needs

Planning for Retirement

What chapter of life are you in?  If like me, retirement is approaching, but not quite here.  Are you prepared?  Five hundred and five seniors, aged 75 or older, were surveyed by Home Instead, Inc. about preparing for their future.  While many people know they should plan for retirement, get their financial affairs in order, and decide on their final resting wishes, most seniors are underprepared when it comes to creating a plan for their

Some Basic Guidelines for Long Term Care Medicaid

For most families who are considering the necessity of more care for their loved ones, the costs for advanced care can be extremely scary. The State offers a program, Long Term Care (LTC) Medicaid, which will assist in paying for the care your family member may need. The individual needing care must meet a functional, nursing home level of care which will be assessed by a qualified case manager with the county. This does not

HealthCare in Retirement

Would you believe that HealthCare in Retirement is the second largest expense in retirement? Married couples retiring at Age 65 will average $260,000.00 in healthcare cost*.  You may need even more if Chronic Illness Care is require!   What reasons matter in determining your HealthCare cost?  For starters, your age and health at retirement matters; seems we don’t get healthier as we age! Your health today and at retirement is always a significant factor in

Conservative Savings… Or Lifetime Retirement Income?

In uncertain times, sound financial decisions matter more than ever. When it comes to securing guaranteed retirement income, it’s important to base your decisions on a clear understanding of available products. Since many people turn to both deferred fixed annuities and certificates of deposit (CDs) for stable returns, it’s helpful to know the differences between the two. First and foremost, a deferred fixed annuity is a conservative retirement vehicle, while a CD is designed to