If you are planning ahead for retirement, including estate planning and long-term care — congratulations! That is something that everyone in California should do. But the problem is, how long do you plan for? What year might you run out of money? Or more importantly, what year could you begin to need your long-term health care? …. Read More
In our previous postings we have discussed the prevalence of Alzheimer’s disease among the elderly, and also the importance of considering all of one’s options as part of thorough and detailed estate planning. One of the means to ensure one will be taken care of, and not be a burden to one’s family, is to …. Read More
First of all — what is a mass affluent? According to financial experts, a mass affluent is someone with $50,000 to $250,000 in disposable assets. Mass affluents in Los Angeles and San Francisco were surveyed recently by a leading lender in search of attitudinal trends. A significant trend is that 34 percent of mass affluent individuals …. Read More
When a 48-year-old San Francisco woman’s mother had a massive stroke, both mother and daughter were catapulted into a series of decisions. Where would the mother live? How much care did the 83-year-old need? Could the other adult children help out? The hospital recommended a nursing home, but that didn’t seem right. A tidal wave …. Read More
One of California’s, and our nation’s, demographic trends is the increasing longevity of our citizens. We are spending longer in retirement, and a much longer time in nursing homes at the end of our lives. This has resulted in an insurance product — long-term health care insurance. But what happens if the insurance doesn’t cover …. Read More
