How to Take Care of Aging Parents and Yourself

25 Apr

People are having kids later in life, and their parents are living longer. This means more people are taking care of their kids and their parents at the same time. I think one of the more challenging things to do when facing the declining health and independence of your parents is to know when to step in and where to start. More>>

22 Uses for Annuities in 2022

29 Dec

As we head toward 2022 and see more Americans reaching their mid- to late 60s, it is a great time to revisit how annuity products can be used to meet consumer financial challenges.

In anticipation of the new year, here are 22 ideas on how consumers can use annuity products to meet their growing financial needs. More>>

How to Pay for Long-Term Care When You Are Not in Perfect Health

22 Nov

A popular bit of advice is to purchase long-term care insurance in your 40s or 50s because you can get it when it is most affordable — and before you find yourself with health conditions that could leave you uninsurable. But what happens when you are diagnosed with an unexpected illness or become chronically ill at an early age — before you’ve had a chance to buy long-term care insurance? More>>

LGBTQ Retirement Guide

23 Jun

More than 3 million LGBT Americans are currently over 50, and that number is estimated to more than double over the next decade as Baby Boomers ride in on a rainbow-hued silver wave.

For many like Miller, the traditional idea of retirement looks increasingly uncertain—and quite different from their heterosexual peers’, even in an era of antiretroviral cocktails, marriage equality and enshrined protection from employment discrimination.

We’ll cover the issues those in the LGBTQ community most often encounter when preparing for retirement here—and how you can tackle them. More>>

Here’s What You Need to Know About a Long-Term Care Insurance Policy

16 Nov

So, you’ve made the decision to learn more about long-term care insurance. That’s smart, as neither health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future. Plus, there’s about a 70% chance you’ll need some type of long-term care after age 65, according to government stats. And given that the cost of long-term care can quickly deplete your life’s savings, it just makes sense to add it your financial plan. More>>

Long Term Care Policy After COVID-19 – Solving the Nursing Home Crises

10 Nov

Nursing homes have been caught in the crosshairs of the coronavirus pandemic. As of early May 2020, Covid-19 had claimed the lives of more than 28,000 nursing home residents and staff in the United States.1 But U.S. nursing homes were unstable even before Covid-19 hit. They were like tinderboxes, ready to go up in flames with just a spark. The tragedy unfolding in nursing homes is the result of decades of neglect of long-term care policy. More>>

These Advisors Help Their Clients Tackle This Unknown Looming Cost

4 Nov

There’s an expense lurking down the road for many retirees that is largely unpredictable but likely: long-term care.

With premiums soaring on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities such as eating and bathing. More>>