- Financial Planning for Long-term Care
- Assessing your Financial Picture
- Finding a Financial Planner
- Inheritance Paying for Care
- Spending Down
- Reverse Mortgages as an Option
- Long-term Care Insurance
- Preparing & Understanding Legal Documents
- Legal How-to's
- What About My Home?
- Seniors & The Financial Crisis
- Medicare, Medicaid & Insurance
- Paying for Senior Care
- Protecting Loved Ones
Financial Planning for Long-term Care
Assessing your Financial Picture
Financial Planning: How to Protect Your Aging Parent's Financial Future
Financial planning can be tricky. The process is unique for each person due to myriad factors including income, expenses and much, much more. My mother was married to Lee, a man who didn't believe in doing a gr... Read entire article »
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How Moving Can Save Your Parents Money
As a senior real estate specialist, I'm often approached by senior clients who say, “I'd like to move out of my
home, but I don't want a monthly payment.” It's my job to remove that obstacle
and ... Read entire article »
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Financial Planners Explained: What They Do, What To Consider When Hiring One & How to Find One
What They Do
A financial planner looks at your assets and calculates your financial strengths and weaknesses, in addition to evaluating potential opportunities and threats to your financial security. Based on t... Read entire article »
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Thinking of Selling Your House? Read this First!
Should I Sell My House?
This is frequently the most significant financial decision faced by many seniors—or by family caregivers. Often the impetus is that a person’s cost of care has risen or that... Read entire article »
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How Much Can You Save with Advance Planning?
The devastating reality is that without advance planning, sometimes a lifetime of saving and assets must be spent in order to cover the costs of care. However, a careful evaluation can help you avoid costly mis... Read entire article »
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How to Pay for Long-term Care without Breaking the Bank
Meeting increased elder care costs requires making hard decisions and taking a judicious and strategic look at your financial options. These decisions are often fraught with conflicting emotional concerns. I re... Read entire article »
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Finding a Financial Planner
Financial Planning: What Those Professional Designations, Credentials & Titles Really Mean
Recently I wrote an article about how to choose someone you can really trust for financial planning and advice, and in it, I explained what it meant for a financial professional to have fiduciary responsibility... Read entire article »
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Who Can You Trust for Financial Advice?
Do you know the difference between financial advisors, consultants, counselors and planners when it comes to looking for financial advice? Most people don’t. Understanding whom you can trust for financial... Read entire article »
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Financial Planners Explained: What They Do, What To Consider When Hiring One & How to Find One
What They Do
A financial planner looks at your assets and calculates your financial strengths and weaknesses, in addition to evaluating potential opportunities and threats to your financial security. Based on t... Read entire article »
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Inheritance Paying for Care
Things You Need to Know About Your Parent's Finances Before It's Too Late: A Checklist
Managing your finances is an important part of caring for yourself—and your aging parents. Although many adult children find it difficult to ask aging parents about their finances, it is important to talk... Read entire article »
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Fund Unexpected Elder Care Costs with Your Personal Resources
When shifting circumstances bring unexpected elder care costs, they also bring the urgency of having to make short and long-term financial decisions. It is at this point that one must confront the reality of th... Read entire article »
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Paying for Senior Care with the Inheritance
As a financial planner for the elderly, one of the issues that I am frequently confronted with is the spending down of the inheritance to pay for the high cost of eldercare. All too often, when an aging person'... Read entire article »
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Spending Down
Qualifying for Medicaid: What is Spending Down?
“Spending down” refers to the process of reducing one’s assets in order to qualify for Medicaid. Medicaid eligibility requirements are established by each state, so you will need to contact yo... Read entire article »
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Reverse Mortgages as an Option
Can You Use a Reverse Mortgage to Prevent Foreclosure?
A reverse mortgage can be a way for homeowners to avoid foreclosure. This is especially true when the homeowner has some equity in the home. However, if a homeowner is truly on the verge of foreclosure, the rev... Read entire article »
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The Little-Known But Important Details You Need to Know about Reverse Mortgage Eligibility
Determining reverse mortgage eligibility is one of the areas where I get the most questions, and for good reason; while eligibility for the program may seem simple, some of the age and property requirements are... Read entire article »
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Reverse Mortgages: Are You Eligible & Is It Right For You?
While a reverse mortgage may sound like a complicated concept, the philosophy and definition of the program really is quite simple: if you are eligible for a reverse mortgage you as the borrower are allowed to ... Read entire article »
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Reverse Mortgages Are Nothing to Be Afraid Of
The first time I heard the term "reverse mortgage" was during a job interview. Sitting nervously, I was asked if I'd ever heard of a reverse mortgage. I responded that I hadn't. Now that I've educated myself on... Read entire article »
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Reverse Mortgages Pros and Cons
A reverse mortgage, with pros and cons either you way go, understandably has its fair share of both advocates and critics. A financial tool to help seniors pay for home improvements, stay in their home, and inc... Read entire article »
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The Real Cost of Reverse Mortgages
Chances are, you’ve heard of reverse mortgages. But do you really know how they work? There are many professionals on both sides of the fence. One side will try to sell you on the upsides of reverse mortg... Read entire article »
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