Retirement accounts are a great way to plan for the future. If you are like most people, you have been saving assets for the future when you will need to draw on them. If you were wise about your investments and frugal with your money, you might find that there may be a large amount [...]
You have worked hard your entire life to build up your assets. When you are gone, all of those assets become your estate that you can pass on to your loved ones and beneficiaries. Do you really want to see a large chunk of those assets eaten up in the taxes, funeral expenses, legal fees [...]
No doubt you know what the word “standstill means.” For our purposes here, imagine you are stuck in mud up to your knees. Try as you might, you just can’t move. Taking one step forward is a major undertaking, and is basically impossible. Perhaps you’ve experienced such a “standstill” scenario before in your life. An [...]
The cost of healthcare keeps rising. If you are a senior, then this can be even more troublesome. As you age, you need more medical care than you have previously in your life. Some statistics say that as high as three in five bankruptcies are due to people being overwhelmed with medical bills. Fortunately, there [...]
Do you have assets that are held jointly by you and your spouse? You may have done this in order to protect those assets for one of you should something happen to the other. It is true that jointly held assets are not subject to probate. Creditors that are owed by only one spouse cannot [...]
Aging in place is a great option for seniors. They are able to stay at home in an environment that they are familiar with while still receiving the care that they need. Unfortunately, home care can be very expensive, particularly if there is full time or even daily visits from health care professionals. When the [...]
Aging in place is a wonderful way to keep seniors in a familiar environment while still making sure to take care of their needs. Certain medical needs will require care from medical professionals, which can be expensive depending on the level of care needed. Even if specific medical care isn’t needed, seniors often lose the [...]
Medicaid is a need-based government program that provides financial support for seniors in need of long term care. That care can take the form of in-home care, long term care facilities, hospices or nursing homes. There are many restrictions on who can qualify for Medicaid programs, and they vary widely from state to state. [...]
It is amazing how quickly things can happen. One minute you or your elderly loved one could be sitting at home enjoying retirement and the next they are in the hospital facing long term care because of serious health complications. The idea of it can be so frightening that many people avoid event thinking about [...]
If you are looking to retire soon you may be assessing the options that you have available to you as far as your pension is concerned. Most employers either offer some sort of payment option or a payment of a lump sum. While on the surface it might seem much more beneficial in the long [...]
