Definition: An arrangement whereby several participants live together in one home. The participants share the costs. Are you single? No kids? No family nearby? Lonely? Retired or soon to be? Worried that you will be an elder orphan? A Golden Girl living arrangement may be to your liking. It was September of 1985 when the
The COVID-19 pandemic has taught us a lot. One lesson is that financial discipline is possible. Life’s experiences can act as a stimulus for revising financial habits and cause us to rethink how we spend money. Understanding and managing risk may be the most important lesson learned from 2020. While risk is a constant in
No worries. This is not a solicitation for a new online dating site. But it is an alert for single women. No matter how the single occurred – never married, divorced, widowed – we are all at great risk for needing assistance for long-term care. Consider: We outlive men. But we provide care for them. About
What word pops into you head or out your mouth when you learn that a family member, business colleague or dear friend has tested positive for COVID-19? I’d tell you what comes to my mind but my 100-year-old father reads my blogs and he would blush and be disappointed in my language choices. I’ll just
Hearts and minds. Facts and feelings. Ever taken the Myers-Briggs Type Indicator? Are you a thinking person or a feeling person according to the Myers-Briggs personality type model? The typical long-term care insurance (LTCI) buyer is female, age 55 to 64. She is married with adult kids, College educated and still working in a white-collar
“When he goes in,” is a phrase we hear daily. It makes the hair on the nape of my neck twitch. Mainly because the assumptions behind the phrase are faulty and way, way out of date. First, if no long-term care insurance (LTCI), she will be the hands-on caregiver. He’s not going anywhere. Second, according
Long-term care insurance (LTCI) premiums are changing. Care costs are changing, too. We’re seeing premium increases to in-force policyholders and new applicants. Why? Here are some of the factors behind these rate actions and how premiums can change. Insurance premiums will always cost less than the cost of care As insurance products go, LTCI is
It’s a month of awareness campaigns. Among them is National Peanut Butter Lovers Month and at least 45 others including National Alzheimer’s Disease Month, National Family Caregivers Month and National Long-Term Care Awareness Month. These all tie together for me. No not peanut butter even though it’s pretty sticky. Think about these facts, stats and
Planning for long-term care (LTC) is about dealing with the reality of needing assistance as we age. We’ll be the first to acknowledge this is not a fun conversation. But ignoring information to avoid the reality of needing long-term care is not a solution.
It’s October. Pumpkin contests. Halloween. Start of 4Q20. COVID-19. Masks. Social distancing. Impeachment. Acquittal. Recession. Elections. Protests. Riots. Supreme Court justice death and nominee. Debates. Sports sans fans. West Coast fires. All-time low interest rates. And the list goes on. The ultimate understatement To say 2020 has been challenging is the ultimate understatement. We all