Medicaid and Gift-Giving Can Be Risky

Mabel’s children were concerned that Mabel would need long-term nursing-home care in the near future. It was the holidays, and Mabel always got a lot of joy out of generosity. But her children had heard that people in Mabel’s circumstances should not give gifts. The concern is real. For Medi-cal to cover the huge expense of nursing-home [...]

February 1st, 2019|

Helpful Ways to Pay for Assisted Living Costs

California assisted living rent can vary from $3,000 to $10,000 monthly. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($8,000 to $16,000 or more per month) or long-term in-home care ($24 - $30 per hour). If closely monitored medical [...]

August 30th, 2018|

Creative Financial Approaches to Long Term Care Services

Long term care insurance was sold aggressively in the 1980s, 90s and thereafter to offset the costs of seniors needing to live in a nursing home, assisted living or needing at home health care. Now, however, the business of long term care insurance has dramatically changed. What was once over 100 insurers providing LTC policy [...]

August 20th, 2018|

The Fiduciary Rule. What it is, why it matters, and why the Government will no longer be enforcing it

On March 15, 2018, the Fifth Circuit Court of Appeals ruled that the United States Labor Department acted outside of its authority by creating the fiduciary rule and no longer has authority to enforce this Obama-era protection for retirement savers. The fiduciary rule required financial advisors to act solely in their clients’ best interest as [...]

August 17th, 2018|