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.
How a Roth Conversion Could Save You Money in the Long-Term
Roth conversions – the basic idea is that you take money from your traditional IRA, withdraw it, pay taxes on it, and move it to your Roth IRA. This means you will be paying more in taxes today. Why would you want to do that?
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.
Losing the Forest for the Trees: The Dangers of Comparative Investing
Some investors measure financial success by comparing their returns against popular benchmarks like the S&P 500 Index. It can be comforting to know how your investments compare to others … but there’s a catch. If you aren’t comparing your investments to similar investments, the results can misinform rather than enlighten your decision-making. This will knock […]
Arguments for Claiming Social Security Early
Believe it or not, legitimate arguments exist for claiming Social Security early.
Justifying a Delayed Claiming Age for Social Security
With an understanding about how benefits are calculated, the important question to consider becomes how to develop a Social Security claiming strategy. When should you apply for benefits?
Philosophy of Social Security Claiming Strategies
Social Security claiming strategies can be extremely complicated. Treaties on this topic, some of which are listed in the table below, provide page after page of details, nuances, and exceptions.
