Your retirement years are supposed to be the best – a reward for all of the years of hard work and sacrifice that you’ve put in. You should be spending your days the way that you want to – seeing friends, enjoying your grandchildren, doing all the traveling that you put off while raising a [...]
I’ve lived in New Jersey for many years now, and I think I’ve heard every New Jersey joke that’s ever been written. Most of them are funny, and most of them are at least a little true. But here’s something about New Jersey that isn’t funny at all.
The number of residents age 85 and older [...]
It’s no secret that people tend to live longer than the generations before them. As medical research advances, so does life expectancy and the day to day tasks life involves. There comes a point in almost everyone’s life where their bodies become less and less capable of taking care of themselves on their own and [...]
This is an increasingly common scenario. Perhaps one or both of your parents are having health problems, suffering mental lapses, or just slowing down with age. The problem may not go away or get better, but there are several ways you can deal with it. First, talk with your parents and any siblings you may [...]
A new tax law with some very favorable tax treatment for long term care benefits from annuities and life insurance has been passed. As of January 2010, any withdrawals or early distributions from life insurance or annuity products to pay tax-qualified long-term care expenses will be tax free – yes, tax free!
There’s really no such thing as nursing home insurance. What you’re probably referring to is long-term care insurance (LTCI), which typically provides coverage for several different types of long-term care, including nursing home care. For example, home health care, adult day care, and assisted-living care will also be covered under a typical LTCI policy.
Although LTCI [...]
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