Four Things to Know About Managing a Loved One’s Finances
Taking over as the caregiver for a loved one can be stressful for many different reasons, and it comes with a lot of unanswered...
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RetirementGuy
- Jun 26, 2023
- 1 min
Millennials Worry About Their Parents' Finances
Inheritances might be how you build generational wealth, but according to a new study conducted by Edward Jones and Age Wave research,...
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RetirementGuy
- Jun 22, 2023
- 1 min
Are Funeral Expenses Tax-Deductible? Everything You Need to Know
An individual person who shoulders full or part of a deceased person’s funeral expenses cannot claim funeral or burial expenses on their...
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RetirementGuy
- May 11, 2023
- 1 min
The Most Expensive States to Die In (Due to Death Taxes)
Death isn’t a pleasant thought, but the reality is that everyone dies, and death taxes can be challenging for family and friends. After...
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RetirementGuy
- Dec 8, 2022
- 1 min
Most Lack Knowledge On Long-Term Care
Despite a growing need for investors to start thinking about their long-term care needs, a study from Lincoln Financial Group, found that...
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RetirementGuy
- Sep 8, 2022
- 1 min
Having a Long-Term Care Plan Is Crucial. Here Are 2 Hybrid Policy Types to Consider.
For millions of baby boomers, Gen-Xers, and millennials who have no long-term care strategy, the pandemic has sent a message: Act now or...
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RetirementGuy
- May 26, 2022
- 1 min
What to consider when making your beneficiary nominations
If you have one or more policies in place, ensuring that you have appropriately nominated your beneficiaries and that your beneficiary...
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RetirementGuy
- Apr 28, 2022
- 1 min
10 Books on Caring for Elderly Parents
It’s beautiful and helpful and should be required reading for all of us as we age. My friend texted this to me about Being Mortal (Atul...
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RetirementGuy
- Mar 24, 2022
- 1 min
15 Cheapest States for Long-Term Care: 2021
Genworth’s recently released 18th annual cost-of-care survey showed that the cost of long-term care services increased across all...
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RetirementGuy
- Jan 6, 2022
- 1 min
How to Handle an Increase in Your Long-Term Care Premiums
The cost of living rises every year, which makes paying for basic expenses more difficult. Long-term care (LTC) premiums are increasing,...
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RetirementGuy
- Sep 9, 2021
- 1 min
Washington's first-in-the-nation long-term care program starts in January, with opt-out deadline soo
Washington workers will soon start paying a new payroll tax to fund a first-of-its-kind long-term care program. The WA Cares fund was...
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RetirementGuy
- Jul 15, 2021
- 1 min
A quarter of 65-year-old Americans will have ‘severe need’ for long-term care
Only one-fifth of 65-year-old Americans won’t need long-term care services. Everyone else can expect to require some level of it — and...
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RetirementGuy
- Jul 15, 2021
- 1 min
8 Retirement Distribution Strategies That Will Make Your Money Last
Saving money for retirement is only part of ensuring a financially secure future. The other half involves making smart decisions about...
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RetirementGuy
- Apr 22, 2021
- 1 min
The High Cost Of Loneliness: The Other Price Older Adults Are Paying For Covid-19
For months, families and operators of long-term care facilities have been telling me about the indirect toll the covid-19 pandemic has...
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RetirementGuy
- Mar 11, 2021
- 1 min
Why Women Need to Save More for Retirement
Everyone should be saving for retirement. But if you're a woman, you should be saving more than your male peers. As of 2019, the average...
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RetirementGuy
- Feb 25, 2021
- 2 min
Elder Care Discussions
Emotions involved with caring for the elderly can seem almost as overwhelming as the finances. As your loved ones age, what topics must...
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RetirementGuy
- Dec 10, 2020
- 1 min
15 Most Expensive States for Long-Term Care: 2020
There are some 73 million baby boomers in the U.S., and by the end of the coming decade, all of them will have turned 65, according to...
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RetirementGuy
- Sep 11, 2020
- 2 min
Aging Parents and Money
Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a...
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RetirementGuy
- Aug 13, 2020
- 2 min
Continuing Care Retirement Communities: Aging in Place
Do you sometimes think about what your life will be like when you retire? Most people imagine living independently in comfortable and...
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RetirementGuy
- Aug 7, 2020
- 4 min
9 Ways to Pay for Long-Term Care Without Buying Insurance
When H. Frances Reaves, of Miami, had to place her parents in long-term care facilities in 2014 and 2015, she thought it would be a...
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