Five Pillars for Financial Planning:
Control Assets
Quality of Life
Freedom and Independence
Shield Assets and Estate
Lift Burdens on Family

A contract is a contract, and a long term care insurance company has the right and responsibility to follow it’s policy’s wording to the letter. Buyers BEWARE! Companies can “interpret” vague wording in their favor. So, it’s a very good idea to enlist the expertise of an insurance coverage contract lawyer in beginning, rather than waiting until being denied. Just know that lawyers are pricey, so be prepared to spend some extra cash for this last step.

Long Term Care insurance – Opinion vs. Opinion: Who has the FACTS? You be the judge.

A medical power of attorney and living will are crucial estate planning steps, and lik long term care insurance, must be set in place early in life for optimal protection.

Prior generations retired after working at one company for 25-30 years then retired. Retirees had a small house paid for, a nice Social Security check and a pension. Add to that a life expectancy of around 70 years, and you’ll have a perfect retirement plan.
Technorati Tags: generations, retired, retired, Retirees, Social Security, pension, life expectancy, [...]

There are big changes coming to retirement plans. In August 2006, President Bush signed into law the Pension Protection Act of 2006 (PPA). This law affects both employee funded plans such as 401(k)s and traditional defined benefit pension plans.
Technorati Tags: retirement, Pension, 401(k), defined benefit

Concerns are growing in both the UK and USA – how will we care for ourselves?
These articles highlight the savings concerns:
Brits’ concern over retirement savings
A newly launched Retirement Confidence Index has shown that as many as one in six Britons expect to
reach …
Article #1
Survey highlights retirement cash shortfall
Today’s pensioners are facing a far less comfortable [...]

“Most adults are in denial about their parents’ mortality and avoid asking questions about estate transfer and wills. Oftentimes they do not want to appear greedy about their [tag]inheritance[/tag] or controlling of their parents’ personal matters,” said Clayborne Cotton, founder of prepsmart.com.

Would I be better to just invest in a mutual fund each month, rather than paying long term care insurance premiums?

Well, it really depends on the amount of your savings, your general health, your personal situation with regard to family and your tolerance for risk.

So… The first wave of baby boomers hit 60 in 2006. With th future of Social Security and Medicare in question, adult children and aging parents are taking stock of how long term care might affect their retirement security.