Should You Downsize in Retirement?
One method for freeing home equity for other uses is to downsize your home as a part of moving. Downsizing could mean either moving to a smaller home, or moving into a similar-sized home in a less expensive community.
Should I Stay or Should I Go? Housing Decisions in Retirement
A plan to meet housing needs is an important part of a retirement income strategy.
Coverage Options for Long-Term Care Insurance Policies, Pt. 2
It is important to consider which expenses qualify for benefits.
Hybrid Long-Term Care Insurance Policies
Attempts to combat concerns about traditional long-term care insurance have resulted in combination or hybrid products using an asset-based approach to fund long-term care.
Potential Concerns and Risks for Traditional Long-Term Care Insurance
The range of expenses covered by long-term care insurance varies, and it is important to understand what exactly is covered by a contract under consideration.
Two Options for Funding Long-Term Care
I discuss two options for funding long-term care: self funding and Medicaid.
The Continuum of Long-Term Care
Many receive long-term care at their homes or at community centers or adult day care centers. Institutionalized living is not always required, and proper long-term care planning may allow one to remain at home longer than otherwise possible.
Costs and Incidence of Long-Term Care
How likely is a person to experience a need for different types of long-term care? This is a challenging question and it is hard to find good answers.
The Importance of Planning for Long-Term Care
Long-term care spending represents one of the most severe spending shocks that can impact retirees.
Potential Directions for Social Security
A common argument for claiming Social Security early is that the program is about to be dramatically overhauled, but it seems rather unlikely that any impending reforms would leave near retirees with significant reductions to benefits.
