Quick…what comes to mind first when you think of long-term care insurance (LTCI)? I bet the first words that popped into your mind were “expensive” or “can’t afford it” or “only for rich people.” You’re right. It can be pricey. Many people lump it into the same category as earthquake insurance or an expensive insurance rider on a piece of jewelry or art. However, if you are over 65, the odds of your jewelry being stolen or a catastrophic earthquake occurring in your town (even in California) are far less than the likelihood of needing assistance at some point in your life. Too many people … [Read more...] about Long-term Care Insurance
Every year the Social Security Administration (SSA) sends you a personalized statement. In the past you may have tossed it out with the junk mail. In fact, it kind of looks like junk mail. Don’t toss it! It contains a lot of good information – information you need to understand to plan your future. You may be surprised by some of the information it includes. No matter what your prospects for a financially secure, post-65 future, it’s helpful to factor in that monthly check from Uncle Sam – if you are eligible. What your statement tells you Your statement spells out a rough estimate of … [Read more...] about What to Expect from Social Security
From the time we were first able to understand the word, we have all been in pursuit of as much happiness as we can find. Happiness is an elusive study target. It’s been hard to define, and even harder to measure. But in recent years, social scientists have produced some compelling findings. Carnegie Mellon psychologist, Sheldon Cohen, recently published a study demonstrating that happiness is actually good for our health. In his study, he found that individuals who reported a personal style and typical mood that exhibited more happiness traits had greater resistance to colds and flu … [Read more...] about What is Happiness?
Long-term Planning in Time Segments If you are planning for a lifestyle change or full retirement, these are the key issues you will confront as you move ahead in your life. Taking a look at these issues now and being proactive about them will help you move smoothly through the decades ahead. Ten-year Segments It may be helpful to begin to think of your life in 10-year segments. For instance, if you are currently 58, think about what you want to do from now until you are 68. Then project yourself into the next decade and think about what you might want to be doing between ages 68-78. … [Read more...] about Planning Your Future in Time Segments
Until very recently, the percentage of childless women hovered around ten percent. That accounted for all childless women, regardless of marital status or how and why they became childless, and this level is traceable as far back as statistics can be found. Very simply, it was the rate at which women were unable to reproduce. All but a tiny percentage of women did marry and did attempt to bear children – until 1970. That date coincides with the arrival into adulthood of the first wave of baby boomers and their unique ideas about how to pursue the adventure of adulthood. … [Read more...] about Fifty Plus; Minus Kids: The Adventure of Solo Aging in America
The whole idea of “retirement” is pretty darn new! Geologically speaking, about two seconds ago people only lived an average of 48 years. Yes, the world has always had elders – people in their 70s, 80s, and even some in their 90s, but historically they were a tiny minority of the population, and up until the industrial revolution, if you made it into those age brackets, you lived on a farm in a rural community, and you continued to clean the hen house or plow the field or till the kitchen garden until you died. If you became injured or incapacitated in some way, your family took care of you … [Read more...] about Retirement: The old versus the new