If you want to be properly prepared for the future you need to pay close attention to all relevant trends as the years pass, and right now there seems to be a good bit of momentum on Capitol Hill toward slashing programs that are important to senior citizens. The fact that we are faced with a huge national debt has been widely publicized, and it is true that Social Security, Medicare, and Medicaid spending consumes about a third of the federal budget. However, those who are poised to receive … [Read more...] about Poll Indicates Public Split On Medicaid Cuts
We would all like to think that we will be healthy throughout our retirement years, but the reality is that health care challenges do enter the lives of many people, and as we all know the costs associated with medical treatment are often times extreme. Most people have health care insurance through their jobs while they're working and they assume that when they retire they will simply be able to rely on Medicare to cover all of their health care expenses. However, when you're planning for the … [Read more...] about Health Care Expenses & Retirement Planning
You often hear retirement planning attorneys emphasizing how important it is to get started thinking about the future as early as possible, and too often this sound advice can go in one ear and out the other. There are those who are under the impression that Social Security will take care of their basic needs when they retire, and they also assume that Medicare will cover everything from long-term care to all of their prescription drug costs to one hundred percent of their medical expenses. They … [Read more...] about Retirement Planning: More Important Than You Think?
Medicaid is a social welfare program that was originally intended to provide access to health care to uninsured Americans who are unable to afford it on their own. However, since Medicare does not cover the costs of residing in an assisted-living facility or nursing home, many senior citizens implement strategies that enable them to qualify for Medicaid, which does in fact pick up long-term care costs for eligible enrollees in the program. There is a lot of talk on Capitol Hill right now about … [Read more...] about Can You Count On Medicaid Being There?
When you are building your assets in preparation for your retirement you have to project your expenses, and to be prepared for every possibility there is a lot to consider. Of course you have had lifelong objectives that may include travel and leisure time activities and you worked all of your life to earn these opportunities. But when you look around at your extended family, friends, co-workers and acquaintances you invariably see that many people have to address medical expenses during their … [Read more...] about Retirement Planning & Your Health
According to Jungian psychology the human mind attaches significance to symbols, and this assertion has certainly been embraced by Madison Avenue over the years. When you see a simple logo any number of messages can unfold in your consciousness, and this extends to people as well. Celebrities can become iconic figures, and what they represent can sometimes transcend their true identities as people who just happen to hold high profile positions. When people watch a scenario play itself out … [Read more...] about Timing Your Retirement
We like to point out the reasons why estate planning is something that is relevant to virtually all adults regardless of their stage of life on at least some level. But there is no getting around the fact that estate planning and other elder law issues are going to become more and more relevant to you as you age. As the years pass you see family members, friends, co-workers, and acquaintances experience some of the eventualities of aging, and it is human nature to consider the possibility that … [Read more...] about Older Americans Should Aim For The Stars
When you look at an overview of the financial realities that we all face throughout our lives, you immediately notice how everything is connected. Depending on the extent of your assets, you are probably going to have to plan for your retirement years before you consider how to plan your estate. And how prepared you are to address the financial realities of retirement is going to have everything to do with the value of your estate when you pass on, so it is clear that estate planning and … [Read more...] about Retirement Planning: The Sooner The Better
When an estate goes through the process of probate there are many details that need to be addressed, and just how complex the matter is depends on the specifics of the estate in question. The probate or surrogate court proceeding requires the filing of a great deal of standard paperwork, and making sure that this is done and done correctly is the first step. There can also be matters of guardianship or conservatorship involving fiduciaries that need to be addressed. Any outstanding debt must be … [Read more...] about Consult With A Probate Lawyer