10 Things You Should Know About Your Elderly Parents Finances What would happen if you had to suddenly take over management of your parents finances? If your mom or dad were to fall ill or become incapacitated, someone has to continue paying their bills and managing their money. This scenario happens in many families. Are […]
Paying for long-term care
Paying for long-term care As we learned in last week’s, the cost of custodial care in Aiken is about $5,000 per month for a private room in a nice nursing home and between $20-$25 a day for in-home care. If you and your spouse, or you alone if you are single, have determined that you […]
Reverse Mortgage Before It’s Needed
Why Open A Reverse Mortgage Before It’s Needed? I have been preaching this sermon for years and some financial planners have started to listen. Open the Reverse Mortgage early in life and let the line of credit grow. The Elder Care publication (NAELA) wrote a front page article last spring call Long Term Care Insurance […]
