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Regardless of what survey you read or what poll you listen to one thing is very clear,  people  today are living longer, largely a result of modern pharmacology’s ability to convert an acute illness into a chronic illness.  As a result they will now require  many additional months and years of custodial or skilled care  costing additional billions of dollars .  However despite the fact that  over 50% of our adult population   according to the American Medical Association will require some  sort of long term care , lasting on average 3 years , less than 8% of the population has thus far purchased a traditional Long term Care  insurance product..

Make no mistake about it as people live longer there will be an ever increasing  need for  more custodial , intermediate and skilled  care required by  our aging population. However what seemed to stand  in most  

I wanted to inform you of an important concept that our readers should be aware  of. As a certified financial planner concentrating in the Eldercare marketplace Ive always advocated that a Parent should be actively involved in the process of choosing  a preferred method of care if and when it became necessary for him /  

Our current financial situation will make any buyer of any new financial product think twice about what they are buying as well as the integrity of whom they are purchasing the product from. However what many people miss is the need to be be as equally vigilant in evaluating those assets they already own.

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Chances are pretty good that if you stay healthy eat right and take care of yourself you’ll get to live a long healthy life. The Trusted Expert in our network want to remind you that with longevity comes an added responsibility to do things today to help you financially and emotionally prepare for that long life. This type of planning helps assure yourself that the rest of your life will be filled  

The use of “Indexed annuities” as an Investment vehicle have grown significantly over the last 9 months primarily due to their  ability of providing the annuitant an opportunity to participate in a portion of the growth of the stock or Bond Market , while issuing an Ironclad guarantee against the loss of any principal when held to maturity.

However the one drawback to this type of investment has been its lack of liquidity and loss of control over  

As a result of many peoples failure to plan for many common life occurrences i.e. retirement , a long term illness or death many of these already unpleasant situations can turn into a full blown crisis.

We all know well in advance that wed like to retire somewhere around our 60s to 70s but the unfortunate truth is that unless we plan for this contingency far in advance we wont be able to retire in the manner wed like to. Fact is that 95% of those reaching age 65 economically wont be able to retire and that was even before our most recent economic downturn. That number will now of course increase significantly with not  

People today are living longer, 80 is the new 70.  Therefore, new thoughts and strategies must be given to the subject of how people can make certain that their retirement income distributions are protected against a loss of assets.  This loss would result in a reduced flow of income that will adversely affect their lifestyle during retirement

If it seems like all the attention has previously been placed on accumulating assets, you’re right!  Emphasis by brokers as well as investors has always been on tax deferred growth, highest returns and lowest expenses, with hardly any attention paid to better managing risks or distribution planning  

Many seniors have Powers of Attorney, but do you have the right one? This is a very important question because no one has the right to make financial decisions for you, unless you have legally appointed a person with the authority to act for you.  The best way to give that legal authority is by executing a Comprehensive Durable Power of Attorney.

STATUTORY FORM

It is critical that your Power of Attorney is a NEW YORK STATUTORY FORM:  DURABLE GENERAL POWER OF ATTORNEY.  This means that the document must be followed by banks and financial institutions in New  

Whether Youre A Corporate Executive, Business Owner  Or A Professional, The Chances Of You Or Your Key men Or Partners Suffering A Significant Loss Of Income Due To A Disability Are Staggeringly High.

The Deficit Reduction Act of 2005 uses the vehicle chosen to impose the most regressive changes to the Medicaid program since its creation in 1965, as a part of what President Johnson called “The Great Society”.  Medicaid grew to be the major provider of long term care for our aged, blind and disabled.

The time has come for a new addition to the traditional estate planning process, I’ll call it  “The Family Meeting.”  Since talking about the things we don’t want to talk about can be extremely difficult, it unfortunately most times just doesn’t get done.  However, this “Family Meeting” can become one of the most important and pivotal things we can do for and with our children and grandchildren.