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A Solution to One of Your Nest Egg’s Biggest Threats--- Long Term Care Expenses
by Kean Maynard
Many retirees don’t know that is there is a way to achieve protection from long term care costs, without taking a major hit to their savings. This little-known strategy, called asset based long term care insurance, could be the solution you are looking for.
The costs of long term care...
Long Term Care Premiums to Grant Lower Taxes in 2013
by Kean Maynard
If you pay for long-term care insurance premiums, The Internal Revenue Service has good news for you. Those responsible people who have planned to insure their own long term care, you can now deduct more of your premium as a medical expense on your federal income taxes in 2013.
The amount you...
Five Mistakes That Can Hurt the Newly Retired
by Kean Maynard
It can be truly difficult trying to figure out when to retire. Even if you’re pretty secure in the thought that you have enough retirement savings to get you through the rest of your life, a lot can still go wrong. In our mad dash into retirement, we sometimes forget to take into account these...
The Changing Landscape of Long Term Care
by Kean Maynard
It is estimated that by 2020, nearly 12 million people will need long term care, and this number is sure to grow with the aging baby boomer population. But how will baby boomers change long-term health care? Boomers have already influenced current approaches to long-term care with their attitudes...
Another Look at Long-Term Care Insurance
by FSFG
About 70 percent of people over age 65 will need some type of long-term care during their lifetime, reports the U.S. Department of Health and Human Services (HHS) on its website, www.longtermcare.gov. They...
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