Jul
14
Evaluating the cost of long term care inusrance just got easier
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In a recent Smart Money article on the web, the task of evaluating the cost/benefit of purchasing long term care insurance just got easier.
Two online calculators can now be used to determine if long term care is the right choice for you. The first calculator allows you to input information that will caluculate whether or [...]
Mar
3
Advisers shouldn’t confuse a plan for long term care with long term care insurance
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As advisers become more comfortable bringing up the subject of long term care as part of the retirement planning process, they should be careful not to confuse a plan for long term care with long term care insurance.
Most of the conversation should be about acknowledging the consequences not planning has on your family, the lifestyle you plan for in [...]
Feb
2
The recession and long term care, what should Connecticut residents know?
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The current recession has hit everyone hard. Families in Connecticut that may be facing taking care of parents should know how the current economic environment will affect the long term care industry.
After some research, I found that there are a few likely trends that families may be facing.
Nursing home care and increasingly in some states, [...]
Jan
26
When you get right down to it, after doing all the research on ways around financing long term care costs, there are really three choices available to you:
Retain the Risk. This is a viable alternative, but one that should be made with caution. Choosing this method of financing long term care can lead to significant [...]
Jan
21
Connecticut business owners can obtain tax breaks for the purchase of long term care insurance
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If you are a Connecticut sole proprietor, partnership, limited liability company, s corporation, or c corporation you have tremendous opportunities to protect your retirement assets with long term care insurance.
The federal government has created tax benefits that allow you to deduct the cost of long term care insurance for yourself, key employees, and other employees who wish [...]
Jan
16
AARP offers tips for choosing the right nursing home for your loved ones
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In December the AARP issued a bulletin that will help Connecticut families get the information they need when searching for a nursing home for your loved one.
Choosing a facility for a family member that needs care in a nursing home is emotionally difficult to deal with. Having the following tips will likely help you to [...]
Dec
17
Finding caregiver support groups for families providing long term care
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Are caregiver support groups worthwhile? I read a blog post from The New Old Age that asked this question. Jane Gross did not have any quick answers, but left it up to the reader to comment on the idea. If you visit the site and view the comments you’ll find that there is certainly no [...]
Dec
5
Our new podcast will highlight the need for long term care planning
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We recently created a podcast that will appear on the blog next week. Attorney Ron Soccoli with the law firm of Brenner, Saltzman & Wallman in New Haven, CT pointed out how important the need to plan ahead has become with some recent changes that have occurred in long term care planning arena.
One of the [...]
Nov
18
Freedom and the Older Driver
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The focus on driver safety may now shift to older drivers since many states have now enacted graduated licensing laws for teenage drivers. The fastest growing age group of drivers are people 85 or older.
Concerns being raised are that older drivers have slower reaction times, get confused and on occasion can become disoriented while driving. [...]
Nov
14
When you get right down to it, after doing all the research on ways around financing long term care costs, there are really three choices available to you:
Retain the Risk. This is a viable alternative, but one that should be made with caution. Choosing this method of financing long term care can lead to significant [...]
























