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Recent Posts
How Financial Frictions Hinder Innovations

A recent study co-authored by Wharton’s Thomas Winberry reveals that financially constrained firms face a ...

The post How Financial Frictions Hinder Innovations first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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5 Budgeting Myths That Stop People from Saving

Budgeting is crucial for managing your money well. However, many people avoid it because they ...

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Estate Planning Cannot Neglect Cost of Nursing Home Care

April 8, 2019

The cost of nursing home care can be catastrophic for someone who has saved ahead for their retirement. A long term care insurance policy could be one important component of saving ahead for the potential of long term care expenses. Being diagnosed with a physical or cognitive issue might mean that a family member or even you requires assistance from someone outside of the family.

Senior man with remote control

Nobody wants to envision spending their golden years in a nursing home and yet more than 50% of Americans between the ages of 57 and 61 will be inside a nursing home at least once in their lifetime. That’s according to a 2017 study completed by the Rand Corporation. The cost of living in a nursing home, however, could decimate your retirement savings. For example, the median cost of a semi private room inside a nursing was over $7,400 per month in 2018. Long term care expenses could add up quickly, particularly in the event of a sudden emergency or severe problem with a loved one’s health. Scheduling a consultation with an estate planning attorney can help open your eyes to the various tools and strategies available to you in the process of planning for your retirement and your future.      

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Recent Posts
How Financial Frictions Hinder Innovations

A recent study co-authored by Wharton’s Thomas Winberry reveals that financially constrained firms face a ...

The post How Financial Frictions Hinder Innovations first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
5 Budgeting Myths That Stop People from Saving

Budgeting is crucial for managing your money well. However, many people avoid it because they ...

The post 5 Budgeting Myths That Stop People from Saving first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more