Am I Responsible for My Parent’s Nursing Home Debt?

Many Americans fail to see the significance of long-term care planning that they delay it or worse, forgo it. Based on a long term care poll, around 54% of Americans 40 years old and older reported doing little or no planning for their future care needs.     They learn it the hard way, seeing… read more

  Baby boomers make up the majority of the U.S population today. They are born between 1946 and 1964 and witnessed a lot of changes throughout their lifetime. But more changes will follow before and during retirement that baby boomers should address early. For this month’s roundup, we have compiled five articles that can help… read more

Longevity might be a dream come true for some. People envisioned longer life expectancy to be the best time for them to do things they haven’t done while they were working, enjoy leisurely trips, move to their dream home or spoil themselves once in a while. But for others, it’s a dream gone awry. Why?… read more

Baby boomers retiring would face expensive long-term care costs that can wipe out their retirement savings if they don’t plan for these properly. But are they even doing enough to prepare for long-term care? Well, I’m afraid not. According to the recent retirement survey done by Go Banking Rates, 42% of Americans will only have… read more

Have you considered health care costs as one of the major retirement expenses you should plan for now? If not, then make sure you’re ready to shell out a considerable chunk of money to cover healthcare and medical expenses. According to Fidelity Investment’s annual retiree health care cost estimate, a 65-year old couple retiring this… read more

As a long term care beneficiary, you need to handle your long term care expenses skillfully. The benefits from long term care come at a cost. You have to spend money so you can cope with aging, disability, or chronic illness. By valuing the importance of proper planning you can live with ease and with… read more

Protecting assets from nursing home costs should be one of the pillars of retirement planning. Sad to say, many Americans have a blind spot for long term care costs. They underestimate the costs thinking that their savings will be enough to cover it.   Will it be enough?   Unfortunately, no.   Based on the… read more

The reality in the United States is this:   Baby boomer retirement is on the verge of a crisis: many are still have no retirement savings, the older ones have run out of money funding their long term care costs, and the younger ones are at a loss of ways to plan effectively.   So,… read more

Family caregivers are no stranger to financial issues. When you assume the role of your family member’s primary care provider, it includes tackling the costs of their care as well as their expenses and necessities. On top of this, you also have your own finances to contend with. This is why a significant amount of… read more

You work your fingers to the bone daily, thinking that when retirement comes, it will be time for you to relax and be worry-free. You’ve already envisioned yourself enjoying vacations with your family and friends, starting up a hobby or visiting certain places that aren’t within your budget when you were still working for your… read more