May
20
Recent news about Social Security should motivate Boomers to Plan
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Perhaps those in the know were not surprised with the 2009 Social Security Trustees report issued this week. Bottom line is that the recession and recent weak market performance means the trust fund will be depleted by 2037, four years earlier than previous estimates. Worse, Medicare will be out of money by [...]
Jan
12
Sweeping changes to Medicaid are on the way starting in Rhode Island
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Medicaid covers long term care for the elderly who need skilled nursing care. Qualifying for Medicaid can be a major challenge, because individuals have to be — in short — poor. Medicaid is also a major expense shared by the federal government with individual states and the program is administered by states. With the recent [...]
Dec
15
How about a joke to lighten things up? Sometimes there is no better therapy than a good laugh to help deal with the challenges of long term elder care. Laughing releases endorphins to the brain that can help heal emotional pain and even physical pain. Why not give it a try?
Here are some resources to [...]
Oct
29
Have you ever taken the time to actually read your annual Social Security Statement?
Every year around the time of your birthday you will receive your Social Security Statement. If you are like most you will quickly open it up to see how much of a benefit you will receive when you retire. If you take some [...]
Sep
24
How to plan for an elder-care emergency - planning for the unplannable
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A recent Wall Street Journal article by Sue Shellenbarger suggests there may be a way to plan for an elder-care emergency.
How do you plan for an emergency? You can by setting up systems and resources in advance to catch the fallout when you have to leave work or home.
Specifically, if you have an older parent [...]
Sep
4
The Common Mistake in Retirement Planning
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We have all done them - a retirement projection to determine how much money we need during retirement to provide a comfortable lifestyle. We are experts at figuring out what kind of assets we need to generate a nice income. The mistake most people and professional advisers make is not considering how to protect that income if it is [...]
Aug
8
The Inevitable (part3)
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It took awhile but the articles referenced in the two previous posts to this blog appeared in the same week in the same paper, The New York Times.
The quest to find drugs to prevent disease and create a longer, fuller life for people is running right into the problem of cost. How are we going to [...]
Jul
21
A research project conducted in Finland studied 141,000 Finnish adults over age 65 who recently lost their spouses. The research found that the risk for the surviving spouse needing long term care was more than three times higher during the first month following the spouses death. Causes for the increase in the need for institutionalization range from the grief, anxiety and depression to [...]
Jul
14
Things Can Change So Quickly
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How quickly things can change.
My family was spending some time in Rhode Island recently with some friends. Preparing to go to the beach on what was forecast to be a beautiful day. All the kids were excited and as parents we were looking forward to a relaxing day while the kids played on the beach.
The [...]
Jul
11
Gas Prices Affecting Volunteers and Agencies That Provide Long Term Care Services to Elderly Living at Home
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When people who are elderly get sick the one place they want to stay is their own home. The familiar surroundings are a great comfort. At that point families mobilize to help care for their ailing family member. In order to make the job of care easier agencies that provide home care, nursing care and [...]
























