Long term care planning involves a whole lot more than buying a long-term care insurance policy, which an increasing number of people see as too expensive. Having a long-term care insurance policy may offer peace of mind, but is not a complete financial solution to the problem of getting old. The financial cost of getting
Serious illness and loss struck throughout our client base in 2014. Indeed, we acquired a lifetime of experience in 2014 dealing with serious illnesses among family members. This week we share some of the wisdom acquired. Mom & Dad, we need to talk. A family discussion on end of life care cannot wait until the
My Dad passed away last week from complications of Alzheimer’s disease. I first wrote of our family’s journey with Alzheimer’s in the August 14 blog [click here] and then again last week [click here]. In this final chapter, I share a few more lessons we have learned in our journey that can be applied universally.
My Dad—a retired pastor—has Alzheimer’s disease. I first wrote about our family’s journey with Alzheimer’s disease in the August 14 blog [click here]. Now, further along the road less traveled, a few lessons have been learned that are worth sharing. 1. Believing the disease is easily managed is wishful thinking. “Beyond natural reactions to the
My Dad—a retired pastor—has Alzheimer’s disease. Last week our family checked him into a long-term care facility. With the disease’s progression, caring for him was wearing out the primary caregiver, my Mother. Anyone who has faced this crossroads knows the anguish. However, the anguish is somewhat more bearable when the family has planned ahead. I am glad my parents have a long-term care insurance policy to help defray the considerable cost of my Dad’s care.
Since May 22, markets have been volatile. This week we explore some of the reasons, review a colorful essay on the effects of Fed policy, and what Fed policy is doing to long-term care insurance rates.