Retirement planning is an pretty emotional subject. Many people fear they are not saving enough. Others are confused about investment options or they’re unsure if their savings are being invested aggressively enough. Still others may be investing and saving wisely, but they are concerned that they may have started too late. But for everyone, there [...]

You sometimes hear a journalist talking about long term and elder care. Sometimes they’re right, sometimes they’re wrong.

It is always prudent to use a specialist when you are researching and purchasing long term care insurance. LTCi can be confusing and products can vary by state. In order to make a bit more money, some financial planners have become licensed to sell long term care insurance. But being licensed to do so does not necessarily make one an expert. I finally found an article on a financial weblog where the author admits to being clueless…

Good for you! You’re funding your 401k. So what happens to it if you have a long term care emergency?

“Know Thyself and Thy Situation” is a financial planning rule that applies to accounting for financial events that you absolutely know are going to happen and events that have a probability of happening. We’re talking about both expenses that can and should be predicted and about unpredictable emergencies and catastrophes. Especially, you must insure for your likelihood of long term care, for which there is a 50/50 chance, but only if you plan to live past age 65.

While we often apply the rule to evaluating risk tolerance, it works for all aspects of financial management. Raw numbers mean nothing if you have to go against your established behavior patterns to achieve them.

There’s no doubt about it. Deciding if Long Term Care insurance if for you can be confusing. Here is an article that helps you get started.

You might think that having long lived ancestors means you won’t need long term care insurance. But think again!

Do you need to buy long term care insurance if you have $200,000 or less in savings? Many financial planners say no, but that answer may be wrong for you. See why…

There are several things to look for in a long term care insurance policy. You will be able to make a better buying decision by researching and deciding what benefits you want.