Today’s episode features two questions you have to ask yourself, about money matters of the heart; what is the best way to buy a former partner out of a home and managing the cost of caring for aging
On this episode of Ask Suze & KT Anything, Suze answers questions from you all about where to save your emergency fund, dollar cost averaging, tax credits on a home sale and more.
Retirement planning is a juggling act where you’re dealing with multiple risks all at the same time.
It's time for Suze School and a lesson on Long-Term Care Insurance.
For years I have been a big believer in the value of long-term care insurance. Many of you will live into your 90s.
In this podcast of Ask Suze Anything, we hear questions and stories from Women & Money listeners Judy, Steve, Stephanie, Joan, Trish, Jim, Sophia, Suzy, and Patricia.
Previously, I made the case for how you can refine your spending choices today so you have more money to put toward retirement goals.
In this podcast of Ask Suze Anything, we hear questions from Women & Money listeners Robert, Liz, Patricia, Julie, Dawn, and Olga.
Nearly two thirds of participants in a recent survey said they think it is the job of an adult child to provide care for an aging parent. And about half of participants said that extends to the
For years I have been a big believer in the value of long-term care insurance. Many of you will live into your 90s. At some point it is reasonable to think you may need help.
Shopping for long-term care insurance today is starting to feel like walking into the biggest shoe store you have ever seen and figuring out where to start
It would be easy to say “yes” to long-term care insurance if you didn’t have to come up with new money to pay for it, wouldn’t it? Well, there might just be a way to pull that off by repositioning money you already have.
Many of you are asking me what to do when you receive a rate increase on your long-term care insurance policy. You know my advice for years has been to not buy long-term care insurance unless you can afford a 50% rate increase in your lifetime. I never thought I would be discussing a 126% rate increase which is how much some Federal LTC Insurance Program (FLTCIP) policyholders are facing, with an average of 83%. The Federal program policyholders have to make a decision by September 30th so that’s why I’m writing this blog now.
I spend a lot of time helping people work out a plan for overcoming a financial challenge. Quite often the bulk of my work is in getting them into the right frame of mind. Financial problems are so stressful it is completely reasonable to feel anxious or depressed. But the first step in working your way out of a financial fix is to convince yourself you control your future and you have the ability to make it a great future.
You know I have long recommended that every household look into obtaining long-term care insurance (LTCi). Given our increasingly long life spans and the fast rising cost of health care, an LTCi policy can be the linchpin of a secure retirement. And it is doubly important for women to consider. According to the Society of Actuaries, a woman alive at age 65 has a one-in-three chance of still being alive at age 90. And if that 65-year-old woman happens to be in very good health the odds of being alive at 90 rise to more than 40%. In other words, there’s a good chance you could live a very long life.
One of the most dangerous mistakes you can make is to rely on the life insurance your employer offers up as benefit.
I have said over and over again that as you enter your late 40's to 50's you should look into buying long-term care insurance. But looking and buying are two different things. You should only purchase LTC insurance if you know that you can easily afford the premium at the time of purchase and all the way until you are 81 (which is the average age of needing LTC).
Long-term-care insurance provides a multigenerational benefit: The policyholder is covered, while her adult children are free to spend more of their income on their own kids. Here's what to consider when choosing LTC coverage...