A consultation with an elder law attorney is a must for people who are serious about planning for the eventualities of aging. The first thing to take into consideration will be retirement planning. Given the limited income that will be derived from Social Security you must understand exactly what to expect and take steps to build your own personal financial underpinning over the course of your life. Understanding the expenses that you may be facing is part of the equation. As we all know … [Read more...] about Medicare Recipients Should Note 2013 Changes
Planning for retirement is essential for serious minded individuals who want to be able to stop working someday. It is not easy to pay your way for perhaps 20 years or more without working. Most people are going to have to exercise financial discipline throughout their lives to reach their goals. Simply relying on Social Security to provide you with retirement income is not going to do the trick. At the time of this writing the average payout is just under $1240 per month, and this is certainly … [Read more...] about Social Security Payouts Rising Slightly in 2013
According to the Kaiser Family Foundation you have a 40% chance of eventually residing in a nursing home if you are fortunate enough to reach the age of 65. Aside from nursing homes elders sometimes live in assisted living communities, so there is indeed a very real chance that each one of us will need living assistance eventually. When you are budgeting for the future it is very important to understand the fact that Medicare will not pay for a long-term stay in a nursing home or assisted … [Read more...] about Will Medicare Pay Nursing Home Expenses?