Mom Has $1,000,000. She’ll Never Run Out of Money (Part 1)
Paul called concerning his 88 year old mother who needs nursing home care. “She doesn’t have a power of attorney. I think she needs one”, he said. I concurred but our conversation didn’t stop there. As we always do, I asked him about Mom’s finances. “Her income consists of Social
No Luck with Medicaid? VA to the Rescue
Karl had been in an assisted living facility for several years and doing well there. His family felt fortunate. Although Karl didn’t have much in the way of assets he did have income from Social Security and a pension, totaling $5000. He also had a long term care insurance policy
The Best Laid Plans of Mice and Men
It was a call I received a number of years ago but one I’ll always remember. Don called regarding his mother’s need for long term care. Her health had been slowly declining but she was still living at home. Her investments were dwindling and she needed increase care. It was
COLA Increase Returns in 2012
The last 2 years have been especially tough on seniors, especially those on fixed incomes. That’s because there has been no cost of living increase since 2009 so Social Security benefits for millions of Americans have remained the same. Next year, however, the government has announced a 3.6% cost of