One huge expense awaiting a large percentage of Americans near the end of their lives is long-term care. Coming up with the money to pay for a nursing home, an assisted living facility or other such care isn’t always easy. What many seniors and their families don’t realize, though, is that there are tax deductions… Continue reading 3 Tax-Savings Ideas to Help Seniors with Long-Term Care Expenses
Tag: long-term care insurance
4 Reasons It’s Urgent to Understand the Cost of Growing Old
Many young, healthy Americans may not realize that they share something troubling in common with each other. There’s a good chance they could spend the later years of their lives in long-term care, a situation that might drain their finances and leave them dependent on the government to survive. Families go broke quickly trying to… Continue reading 4 Reasons It’s Urgent to Understand the Cost of Growing Old
Expecting Your Kids To Take Care Of You? Think Again
The statistics are sobering. At some point, about 70 percent of Americans over 65 will need some type of long-term care, according to the U.S. Department of Health and Human Services. For those whose retirements are upended by serious health problems, questions quickly arise. What kind of care will they need? How will they pay… Continue reading Expecting Your Kids To Take Care Of You? Think Again
Are Your Long-Term Care Needs Covered?
There’s a tendency to give a silent cheer any time the average life expectancy grows a little longer. But long life also has its downsides. “Not everyone will spend all of their retirement years being active and doing all the fun things they planned,” says Mark Cardoza, author of the book “Positioning 4 Retirement” (www.positioning4retirement.com).… Continue reading Are Your Long-Term Care Needs Covered?