What is a Financial Planner?
While most financial planners are investment advisors, not all investment advisors are financial planners. Financial planning is the process of meeting your goals for your life with proper management of your finances. These goals can include buying a home, saving for future education for your children or planning for retirement [...]
What is an Investment Advisor?
An individual or firm that provides you with advice by making recommendations regarding securities or securities markets is known as an investment advisor. They receive funds in exchange for their advice. Some investment advisors will also manage portfolios of securities. Examples of securities are: Stocks (ownership in a publicly-traded corporation) [...]
Obtaining an Elder care Financial Plan from Professional Financial Advisors
If you are looking for assistance in planning for your long term care, or for the care of your aging parent, an elder care financial plan is exactly what you need. This plan will help you to determine how you will pay for your home care, assisted living or nursing [...]
How Much do the Veterans Aid and Attendance Benefits Pay?
Paying for in home care, nursing home care and assisted living care can be very daunting. With the help of the Veterans Aid and Attendance benefits, you can offset some of the cost of these services. A veteran is eligible to receive up to $1,732.00 a month in assistance, while [...]
How the Veteran Aid and Attendance Benefits Work
The Veteran Aid and Attendance (A&A) benefits offered by the Veterans’ Administration are considered a pension benefit. This means that the needs you are facing do not have to be service related. It also includes the needs of a surviving spouse of a veteran. If you need assistance with your [...]
Veterans Benefits and Long Term Care
The Aid and Attendance (A&A) Benefit is offered through the Veterans’ Administration. This benefit has remained largely unknown, but can be very useful to assist in paying for long-term care costs. If you are a veteran or a surviving spouse, and you require the use of another person to assist [...]
Using Medicaid to pay for long term care: Part II
Using Medicaid to pay for your long term care is not recommended as a first choice, but there are instances where it may be beneficial. With single individuals, using Medicaid to pay for long term care is typically a way to protect assets for your future needs and for the [...]
Using Medicaid to pay for long term care: Part I
Using Medicaid to pay for long term care: Part I Using Medicaid to pay for your long term care should be considered a last resort type option. There are, however, a couple of reasons that would require the use of Medicaid to protect your assets. One of these examples is [...]