July 24, 2020

How to Find the Perfect Caregiver

Whether you need full-time care, part-time care, or occasional respite care, choosing someone to look after your elderly loved one is a stressful process. You're looking for a senior caregiver who can manage the details of the job -- like cooking, cleaning, keeping medications organized. But caregiv...
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July 20, 2020

Is Life Insurance a Liquid Asset?

If you’re nearing retirement and wondering if there’s any way to stop working earlier, or if you’re currently retired and want to ensure you have enough money to live comfortably — it’s important to take a close look at your finances to see if you have any liquid assets. With this in mind,...
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July 16, 2020

Planning for the Costs of Senior Care

One of the great unknowns for today's senior is the cost of healthcare. Fidelity estimates that a recently retired senior couple will spend nearly $300,000 on out-of-pocket healthcare expenses -- not including the costs of long-term care. That's an alarming exclusion, given that long-term care is am...
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July 15, 2020

End-of-Life Planning: 2020 Checklist ,

The end-of-life plan is your time to establish your legacy and shoulder the burden of difficult decisions -- so your loved ones won't have to. Those decisions involve your health care, your financial assets and liabilities, your funeral arrangements, and, the culmination of these, your overall estat...
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July 3, 2020

What is the Cost of Adult Day Care?

You want the best care possible for your elderly parent, but you don't have the bandwidth to provide it around the clock. You're not alone. Hundreds of thousands of families around the U.S. need some form of supplementary care to help with elderly relatives who have physical or cognitive impairments...
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June 29, 2020

What is Better: A Will or a Trust?

What's the greatest legacy you can leave behind? Some would argue that it's a solid estate plan. Designating your beneficiaries in a will or a living trust could be the final gift that's most appreciated by your heirs. If you cast your last farewell without any property transfer instructions, your e...
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June 24, 2020

How to Get Power of Attorney for Elderly Parents

You might remember your folks helping you open your first bank account and write your first check. And while that was a long time ago, you may not be ready for those roles to reverse, with you taking the financial lead for your parents. Unfortunately, it's not uncommon that a parent would need an ad...
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