Charles and Laura, both 67, recently retired and decided to relocate from Northern Virginia to the Shenandoah Valley. They enjoy the slower pace, quieter neighborhoods, and natural beauty of the serene mountains. Their monthly … [Read more...]
Long-Term Care Insurance vs. Life Insurance with a Long-Term Care Rider
Q. My mother was in a nursing home for about two years prior to her death, and it cost the family most of her savings. I don't want the same to happen to me and my husband. Therefore, we are trying to make the decision of buying … [Read more...]
Mastering the Non-Financial Aspects of Retirement
Q. My husband and I are close to retirement age. The life we’ve known so far has included working at our full-time jobs, occasional social events with friends, visits and holidays with family, and the every-day things associated … [Read more...]
The Cost of Aging: Professionals Express Concern About Older Americans’ Financial Health
Each year the United States of Aging Survey – conducted by the National Association of Area Agencies on Aging, National Council on Aging (NCOA) and United Healthcare – polls U.S. adults 60 and older for their insights on how older … [Read more...]
Financial Uncertainty in Retirement. . . We Can Help with That!
Life spans are increasing, and many of us are living well into our 80’s and 90’s. At the same time, however, the price of long-term care is increasing, and as we learned last week, you CANNOT count on long-term care insurance to … [Read more...]
70% of Americans turning 65 will need Long-Term Care
Correction: The title of our newsletter is incorrect. It should be "One in seven adults will have a disability for more than five years." We apologize for this error! Photo from homeaidescny.org A … [Read more...]
$10,000 a month! Why don’t they take it seriously?
Q. My parents are in their 70's and I am a caregiver for them, while working part-time and raising a family. My father has had Parkinson's for fifteen years and is no longer mobile. My mother is in the early stages of Alzheimer's. … [Read more...]
Want Free Long-Term Care? Try Medicare Part G.
Q. Nursing homes are so exorbitantly expensive. There is no way I can afford long-term care for myself, when the time comes, or for my husband, Morty. Is there any way to qualify for free long-term care in this country? A friend … [Read more...]
Critter Corner: Holiday Tips for Parents of a Special Needs Child
Dear Saki and Alley, I recently got remarried and we are going to my sister’s house for the holidays. My new stepson, Sean, is autistic and doesn’t do well with new places or changes to his routine. Do you have any suggestions … [Read more...]
Finding the Right Nursing Home
Carol and Bob invited his mother, Ginny, to spend the holidays with them, as she does every year. This year, her live-in caregiver expressed concern that it was not a good idea because Ginny’s dementia has gotten worse and she may … [Read more...]