Corona Virus Part 2

“The stock market takes an escalator up, and an elevator down,” is a classic Wall Street saying. The last week has sure felt like taking an express elevator down, as the end of February brought a historic stock market sell-off, with the S&P 500 Index moving from an all-time high to a 10% correction in […]

Protecting Your Parents

By Rich Arzaga, CFP® A conversation with mom and dad about personal and financial matters is not easy for many families. But as parents get older, especially those in their 70s and 80s, we found with our clients that many parents appreciate the assistance of adult children. If this might be the case for you, […]

How Medigap Choices Are Changing

Plan F is fading away, and Plan G may become the most selected option. Soon, the most popular Medigap policy will no longer be sold. Seniors will lose the chance to buy Plan F in 2020 as well as the less popular Plan C.1,2 These policies cover Medicare’s Part B deductible, which is currently $183. […]

Role of tending to family members typically falls to women

“65 percent of older adults rely on family and friends for long-term care needs” As parents reach their golden years, many need their adult children’s help for daily living or for simple tasks like rides to doctor’s appointments and going to the grocery store or more intense care such as dressing, bathing and administering medication. […]

How Much Do You Really Know About Long-Term Care?

Separating some eldercare facts from some eldercare myths. How much does eldercare cost, and how do you arrange it when it is needed? The average person might have difficulty answering those two questions, for the answers are not widely known. For clarification, here are some facts to dispel some myths. True or false: Medicare will […]

Long-Term-Care Insurance Isn’t Dead. It’s Now an Estate-Planning Tool

Last year, after finishing with college tuition for their three children, Jessica Galligan Goldsmith and her husband, James, treated themselves to something she had long wanted: long-term-care insurance. It hasn’t been cheap. The couple, both lawyers in their mid-50s, will shell out more than $320,000 between them over a decade. For that, they will be […]

Life Insurance Products with Long-Term Care Riders

Are they worthwhile alternatives to traditional LTC policies? The price of long-term care insurance has really gone up. If you are a baby boomer and you have kept your eye on it for a few years, chances are you have noticed this. Last year, the American Association for Long-Term Care Insurance (AALTCI) noted that a […]

For the Elderly Who Are Lonely, Robots Offer Companionship

Ironic that the people who might use high tech the least are the folks who can greatly benefit from it. Below is a recent article that moves the classic discussion of elder care into a hard-to-solve area: Engagement. For the Elderly Who Are Lonely, Robots Offer Companionship Researchers are testing whether digital assistants can help […]

Losing Your financial nest egg is linked to shorter life expectancy

One benefit of creating a financial plan is that the process puts into perspective the importance of collecting singles and doubles in a portfolio rather than swinging for the fences. The following article is courtesy of the Wall Street Journal. Please forward to anyone you know who is going through a life or financial transition. […]