People plan their retirement early so that they will have time to accumulate wealth and achieve their objectives. Our blog site discusses changes in tax policy, social security benefits, Medicare and Medicaid rules, health insurance and long term care costs, as well as innovations to make care giving easier.
The mistake people make is failing to [...]

Most of us have seen retirement projections that show the income needed to provide a comfortable lifestyle. While a long term care event may never occur, the effect on income and assets is so disastrous it must be accounted for in retirement projections. Most projections do not include this major risk. It only makes sense [...]

Caregiving organizations, health professionals and the federal government are recognizing the need to provide a break from the stress of caregiving for family members. An August 19th article in the New York Times described how one family was able to take short break by placing their mother in a nursing home for a few [...]

Most of us who earn a living or manage a family have a tremendous number of responsibilities. We stay “on task” and focused, so that we can reach our goals — life goals, family goals.  Why is it then, that when it comes to our elderly parents, we feel like we’ve just de-railed the train?
The [...]

Most people planning for retirement look at the amount of money they will need to maintain their standard of living.  As health care costs skyrocket attention needs to be directed toward the cost of providing health care.  The Center for Retirement Research at Boston College in a February 2008 report calculated the dollar amount of [...]

Each year Fidelity Investments estimates the cost of basic health care for people retiring at age 65.  The 2008 estimate is $225,000 to cover medical costs during retirement.  Since 2002, when the estimate was first calculated, the cost has risen 41%.
In 2008 the $225,000 figure assumes that people do not have employer sponsored health insurance, pay [...]

Long-term-care planning is a relatively new field, and the definition of a robust plan is not common among all practices.
One key factor that distinguishes a truly professional plan is the periodic review. Once the plan is implemented, the family should review current circumstances with a professional on an annual basis or more often depending [...]