Category Archives: Long-Term Care
What to Consider When Choosing a Long-Term Care Living Situation for your Loved One
Choosing a long-term care living arrangement is one of the most difficult challenges faced by aging adults and their loved ones. Most families try to avoid the nursing home option to the very end, believing that assisted living or small … Continue reading
Prudential to Stop Offering Group Long-Term Care Insurance, Giving Buyers One Less Option
If you have been thinking about investing in long-term care insurance when planning for the future, you now, unfortunately, have one less option to consider. Recent news reports that as of August 1 of this year, Prudential Financial Inc will … Continue reading
Crucial Steps Can Help Ease the Burden of the Sandwich Generation
A recent study from the University of Michigan reveals a worrisome trend for the children of Baby Boomers. According to the study (and this recent article) “more than 60 percent of young adults ages 19-22 receive financial help from their … Continue reading
The Decision to Exercise Spousal Refusal Can Be Painful, But Often Necessary
Couples who are still married, even into their 70s or 80s are the lucky ones. They’ve made it through the hard times, the ups and downs of life, and still have their companion at their side. But even the most … Continue reading
The Pros and Cons of Long-Term Care Insurance
Do you have long-term care insurance? SHOULD you have long-term care insurance? These are questions that currently plague many forty-, fifty-, and sixty-somethings, as well as some precocious thirty-somethings. We’ve been hearing and reading more and more about long-term care … Continue reading
How To Pay For Extended Care
Paying out-of-pocket While this option is not feasible for many seniors, some people may be able to pay for long term care using their own assets. This is a good option for wealthy seniors who have plenty of assets. Paying … Continue reading
Providing Care for Divorced or Remarried Parents
Divorce is difficult on a family no matter what the circumstances. Even when a divorce is best for all involved, there is always an amount of stress and emotional trauma involved. In fact, it has recently become apparent that the … Continue reading
Aging In Place
As the number of people approaching their golden years grows, many people are becoming concerned about how they will stay independent and financially secure during their senior years. Rather than giving up their independence and privacy, these people plan to … Continue reading
Will Medicare Provide for You in Your Golden Years?
Many retirees (or soon-to-be-retirees) have been living and saving under the assumption that Medicare would pay for a bulk of their medical costs during retirement, but a recent article in the Wall Street Journal reveals that counting on Medicare may … Continue reading
Making the Transition to a Long-Term Care Facility as Smooth
as Possible
One question that we often get from our clients is how to know when to place a parent into an assisted living facility or nursing home. Making this decision can be difficult, and disagreements about the best options can cause … Continue reading
