Category: Long Term Care

long term care

Planning for Long Term Care: An Important Part of Being Prepared for Retirement

Dementia. Stroke. Alzheimer’s disease. The prevalence of these health events is a big reason why you need to make planning for long term care an important part of your retirement plans. Will you need to give care? Will you need care? What is Long Term Care? Older Americans continue to be in the dark when it…

retiring to a holiday inn

Retiring to a Holiday Inn or the High Seas? Unexpected Ways to Afford a Little Help with Activities of Daily Living as You Age

Most of us are going to need some extra support as we age. Cooking, cleaning, running errands and more are called “activities of daily living” and it can be nice to get help with these tasks as you age. Is retiring to a Holiday Inn the answer? Living independently can be extremely difficult as we…

CCRC continuing care retirement community

55+ Communities: What Are Continuing Care Retirement Communities?

The decision to relocate in retirement is huge — especially since you literally have a world of options. You can retire anywhere and into a wide variety of housing types. Live and travel in an RV. Buy a big beach side home. Relocate abroad to financial or lifestyle reasons. Downsize to a small apartment. Buy…

9 Surprising and Dirty Secrets About Healthcare, Medicaid and Your Retirement

The recent nationwide debate about whether or not Medicaid should continue to receive funding should have had special resonance for people of retirement age. Here are 9 things you might not know about Medicaid and your chances of needing it in the future: 1. You Have a High Percentage Chance of Winding Up on Medicaid…

Assisted living

Expert Interview with Stephan Baldwin About assisted living

It’s estimated that there are over 40,000 assisted living communities in the U.S. today, says Stephan Baldwin, director of business development for Assisted Living Center, an online directory and resource for those researching living options for seniors. And while this means that families have more choices than ever for care for their loved ones, the…

How Much Does Care Cost in Your State? 7 Ways to Plan for Long Term Care Costs

You might not like the idea.  You might try to deny the idea.  You might convince yourself that you will be the lucky one to stay healthy till your last day… However, at least 70 percent of people over age 65 will require some form of long-term care services and support during their lives, new research shows. “Unfortunately,…

How to Get the Aid and Attendance Pension Benefit — A Valuable Benefit for Veterans and their Spouse’s Who Require Long Term Care: Expert Interview with Debbie Burak

After struggling to help her mother, the wife of a World War II veteran, receive benefits from the Veterans Administration, Debbie Burak founded VeteranAid.org to ensure that other families of veterans wouldn’t have to go through the same ordeal. The site is devoted to informing veterans and their families about the little-known “Aid and Attendance…

How to Pay for Long Term Care when Long Term Care Insurance Cost is Too High

Retirement should mean living comfortably on the savings you’ve spent a lifetime to build. But aging and unexpected health issues can derail your retirement aspirations and bleed savings accounts dry if you’re not prepared financially to face what life might throw at you. Will You Need Long Term Care? Even if you’re physically in good…

Say ‘Ahh’: Most Would Rather Visit the Dentist than Talk About Long Term Care Planning

Managing your finances shouldn’t be like pulling teeth. But it might as well be for the proportion of Americans who say they would rather go to the dentist than talk about their long term care planning and aging needs. Such was the response from one out of every four 1,203 adults surveyed by Fortune 500…

Ask Bud – Is Long Term Care insurance a good purchase?

This is a contribution from Bud Hebeler who runs Analyzenow.com Q:  I’ve been trying to decide whether to get long-term-care insurance.  I’m wondering if this is something that the insurer is likely to do much better than I will.  What do you think? A:  You should be right or otherwise insurance companies couldn’t make money.  However,…