|
Elder
Care Services ...
After one selects
the proper level of care the individual needs, the next step
is determining how to pay for those services. Will it be from
your savings or from something like elder care insurance
Everything You Must
Know Before You Fill Out Your Last Will and Testament Form
Avoid family disagreements. Many families struggle over who should
get what. A will allows you to give your things to whomever you
want, not to whomever a judge decides will get it.
Facts-at-a-Glance ...
In 1995, spending
for ltc for the elderly totaled $91 billion. - (General Accounting
Office- Testimony Before the Special Committee on Aging, U.S.
Senate, March 9, 1998)
Fraudulent Health Claims:
Don't Be Fooled ...
Consumers waste
billions of dollars on unproven, fraudulently marketed, and sometimes
useless health care products and treatments
Helping Older Adults
Get The Most Out Of Their Medications
Knowing more about the medications
they take may help older adults get more out of these medications-and
suffer from fewer adverse reactions.
According to the Alliance for
Aging Research (Older Americans Most at Risk to Medication-Related
Problems) at least 12 percent of Americans, 65 and older consume
30 percent of all prescription medications and 24 percent of
nonprescription or over-the-counter (OTC) medications.
Many of these adults use more
than one medication to manage chronic conditions, such as heart
disease, or pain, such as arthritis pain. However, adults
over 65 who take multiple medications are more susceptible to
adverse reactions such as excessive sleepiness, depression, memory
changes, confusion and balance problems. (more)...
IRS Issues Long-Term Care Premium Deductibility
Limits for 2006
Nov. 8, 2005- The Internal Revenue Service has announced the
2006 limitations on the deductibility of long-term care insurance
premiums from taxes.
Premiums for
"qualified" (see explanation below) long-term care
policies are treated as an unreimbursed medical expense. These
premiums what the policyholder pays the insurance company to
keep the policy in force -- are deductible to the extent that
they, along with other unreimbursed medical expenses (including
"Medigap" insurance premiums), exceed 7.5 percent of
the insured's adjusted gross income.
Long-term care
insurance premiums are deductible for the taxpayer, his or her
spouse and other dependents...
Not-So-Golden Years
...
Some older Americans
may not be entering their golden years with gold, or any form
of wealth for that matter, according to a new study. Approximately
four in 10 people over the age of 60
St. Charles is distinguished by
the experience level of its senior members, their deep industry
expertise, and their track record of successful engagements.
The firm's partners have, on average, more than 18 years of investment
banking experience advising middle-market companies.
The Challenge to Saving
for Retirement: ...
The National Summit
on Retirement Savings was established as part of the Savings
Are Vital to Everyone's Retirement Act (SAVER) of 1997 to examine
the state of retirement savings and...
What You Should Know
About Financial Planning ...
You may have come
across the term "financial planning" recently and wondered
what it means. You may have decided to start your own financial
plan but ...
When Your Aging Parents
Are Far Away, The Care Doesn’t Have to Be
Caring for aging parents may be
easier and a lot less traumatic than you think with advice from
the experts. Here are some tips from the MetLife Mature Market
Institute®, on what to do when your parents need care and
they’re far away:
Before the need arises, it’s
a good idea to talk with your parents. Make suggestions but avoid
dictating... |
