Few of us want to face up to the struggles advanced age can bring, much less plan for them. But since it’s a good bet that you’ll live longer than previous generations in your family, you have to ask yourself this question: Will I be able to afford those extra…
If you want Medicaid in Connecticut to pay for your long-term care, one thing you should NOT do is give away your assets – unless you think you won’t need Medicaid within the next five years. When you apply for Medicaid for long-term care in either a nursing facility or…
By Lara Schneider-Bomzer Purchasing annuities is a good way for married couples to protect assets, but doing it wrong could mean huge penalties. Here is what you need to know about annuities as it relates to Medicaid planning in Connecticut: If your spouse is residing in a nursing home or…
Sibling relationships can be fraught even in the best of times. Under the stress and strain of dealing with the needs of aging parents, they can deteriorate swiftly and dramatically. It’s a common issue faced by families from all walks of life. But it can be easier to manage if…
The Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) disability programs are the largest of several Federal programs that provide assistance to people with disabilities. While these two programs are different in many ways, both are administered by the Social Security Administration and only individuals who have a…
by Carmine Perri You want to apply for Medicaid – a complicated process – but you’ve heard that hiring an attorney specializing in Medicaid planning is expensive. So why not use one of those new services that say they’ll do the same thing for less? But do they really do…
By Linda Raineault Have you heard the sales pitch? There are annuities available that contain provisions known as “nursing home income doublers” that can help you pay for the cost of a nursing home stay. These provisions are found in annuity contracts that guarantee the purchaser an income stream for life…
By Carmine Perri Imagine yourself in this situation: As a favor, you agree to help your spouse’s parent get settled into a nursing home. If you’re like most people, you’d be emotionally stressed and feeling a bit guilty. Not exactly the best mindset for absorbing complex information nor for making…
You did well financially, and when the time came to move to assisted living you never considered the possibility that you might run out of money. But you didn’t expect to live this long! And now that you need more help, it’s even more expensive to live. What do you…
Independent Living. Assisted Living. Nursing Home. What do these terms mean? How are they different from each other? And which one is right for you? Take a look here to learn what each one is all about. Independent Living Maybe you’re starting to think that a little more help would…