5: 38 Pm | Updated Tara Siegel Bernard has just released another interesting article on aging parents and your finances: "stepping in when a parent can no longer cope."
The times published a special section to the financial fighting on Friday the dedicated"sandwich generation" - middle-aged adults who support both children and aging parents müssen.Drei articles are of particular interest to new age could be readers.
In "What is a pooled trust?"A way to avoid the nursing home "Tara Siegel Bernard writes:"
It's a little-known way for some people in certain countries, home care by Medicaid, to receive, without requiring them first to ärmer.Hier, how it works: a federal law founded in 1993 enables people with disabilities, set your monthly income or assets - amounts Medicaid allows to keep - can then use the money in trust on a special type of pooled Vertrauen.Sie, to pay monthly for your basic bills such as rent, mortgage payment or cable TV.Medicaid pays now for home care.
In the "ignore long term care planning at your risk" your money columnist Ron Lieber Wade in the controversy over long-term care insurance:
She would think it would be far more than 7 million policyholders, since the cost of long-term care easily could reach seven (Yes, seven) numbers now per 20 or 30 years.
As you dig deeper, you discover at least nine things that consumers purchase coverage, which described below stehen.Sie through all are complicated, with some complete ignorance and odd rationalizations widerspiegeln.Aber rooted in emotion it much legitimate skepticism about the long-term care insurance is.
Mrs Bernard deals with a different kind of "Income security in the 80s, which in the 1960s bought" - longevity insurance insurance.
In its core, long life insurance is simply a deferred pension: you hand over a pile of cash to an insurance company, usually at the time you retire gehen.Aber guaranteed payments much later, usually 80 or 85 and last for the rest of your life beginnen.Wie when homeowner policies and other types of insurance, is the idea of a smaller amount of money for a potentially larger payment later now to give up.
Read more from the special section, "The sandwich generation", and share your thoughts in the comments section.
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