Loving Your Elderly Parents

We recently interviewed Mr. Farr on our YouTube video series, Swim with Jim, where he told us about adult children who love their parents and want the best for them, coming to see him for advice and counsel. These elderly parents may not have planned and in fact, in many cases, don’t have much of an estate plan, if any.

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Reverse Mortgage Line of Credit Could Fund Long-Term Care

There’s a 70% chance that people over 65 will need some kind of long-term care, including services such as home care, assisted living and skilled nursing, according to government statistics.

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A Life Insurance Strategy for Families With Special-Needs Children

‍For families who have children with special needs — for example, a mental or physical disability — the question isn’t whether the parents should own life insurance, it’s how much they can afford. Generally speaking, families with special needs are planning retirement for two generations — the parents and the child — because the child may not be able to earn income as an adult and support himself or herself.

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Don’t Skimp on Your Insurance

Often I hear people say, “Insurance is a scam” or, “It’s too expensive.” But I’ve never heard anyone complain about insurance when they’ve needed it. Some types of insurance are required. Banks require you to purchase homeowners insurance when you buy a home, for example, in order to protect their loan and make sure they get paid. But some types of insurance are voluntary. Nobody is forcing you to purchase policies that protect your income or assets, or that ensure your funeral expenses will be taken care of. Let’s take a look at a few of these voluntary policies and highlight key points you should know:

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Long-Term Care Benefits for Veterans

Veterans have access to health and long-term care benefits that can have a significant impact on their family’s finances. The Department of Veterans Affairs will pay for certain long-term care services for disabled and low-income veterans. With help covering long-term care costs, many veterans and their families can focus on other important aspects of their financial planning. There are many options for veterans to take advantage of as they age and require care, but often veterans don’t even know they may be eligible. Here’s a look at the various benefits available:

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NerdWallet – Insurance Help With Jim Ludwick

Question: I'm really confused about what type of life insurance coverage to purchase for myself and for my husband. Any advice? People buy insurance to reduce or eliminate the financial risk...

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Maximize Your Employee Benefits

Being your own boss might seem like a sweet deal, but one of the advantages of working for a company is the employee benefits package you’ll usually get. Typical benefits include a retirement plan,...

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