The high cost of long term care is rarely planned for

senior medicare cost of long term care insurance

While planning for retirement, few people plan for the potential need for nursing home care. The cost of long term care has become one of the largest expenses faced during retirement. At the same time, only a small minority of people actually plan for this eventual need. By the time a person reaches the age of 65, their chances of needing a nursing home at some point are about 50-50 at the moment. These types of annual cost are very high and most people haven’t factored it into their savings.…

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How to Save for Retirement in the Midst of Marriage, Mortgages and Maternity

Life Insurance medical exam

There are so many things that stand in your way of saving for retirement – there’s never a “perfect” time to start. What you have to do is choose to do something rather than nothing, and do it now. With that said, you do need to find money to save, and that’s not always easy. Here’s how to start saving when you don’t seem to have anything. Rebudget If you don’t have a budget, make one. This will go a long way toward helping you save money. The simple act…

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Survey shows financial plans should include insurance

According to a Saybrus Partners survey, just under half of the American adults who have received professional financial advising and who have a financial plan have ever addressed the issue of including life insurance as a part of their portfolio. Saybrus Partners is a Hartford, Connecticut-based life insurance partnership company. Among the survey participants who said that they had talked with their financial advisors about life insurance, 15 percent said that the discussion was held over a decade ago. An additional 40 percent had talked about it within the last…

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