Choose the Right Finanical Planner

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It’s been said that the three most important choices you make in life are your spouse, your career, and your financial planner. Since you may have long since chosen your spouse and your career, you may be more interested at this point in choosing the right financial planner. Right planners are the opposite of wrong […]

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Residential Care Facilities for the Elderly

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As people age, many find themselves needing help with routine types of care – getting dressed, bathing, preparing meals or keeping the household clean. Although many older adults either rely on family members or friends or hire at-home care providers, others move to Residential-Care Facilities for the Elderly or RCFEs. California law defines RCFEs as […]

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Hiring Household Workers

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Question: The person I just hired to provide in-home care was referred by an agency. Since I’ll pay her directly, will I need to make payroll deductions? Answer: California law says the person hiring the household worker becomes the employer if the employment agency’s only involvement is employee placement. So people who hire caretakers, domestic […]

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Is Long-Term Care Insurance Right for You?

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Many seniors mistakenly believe that Medicare will cover most of their future health care costs. Unfortunately, Medicare coverage for long-term care is very limited. For example, should a Medicare recipient require skilled nursing home care after undergoing surgery, Medicare’s coverage will not exceed 100 days. Long-term care (LTC) refers to custodial or personal care received […]

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Reverse Mortgage: What’s It Really All About?

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These days, because the costs of living seem to be higher than ever before, a record number of senior homeowners are considering reverse mortgage loans that convert their home equity into available income. Although reverse mortgages may provide an affordable way to obtain needed funds, they can sometimes turn out to be much more expensive […]

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Who Will Manage My Finances?

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Hopefully, you’ll always be able to handle your own assets and finances. If, however, you became incapacitated, how would your assets and finances be managed? What about your home? Your IRA? Your bank accounts? Depositing your checks? Arranging and paying for home care? Paying your bills? Filing and paying your taxes? For most people, a […]

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Organize Your Important Information

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Two questions for you: If you became ill and couldn’t handle you financial affairs, would someone else have the information needed to help you? When you die, will someone else know where to find your important documents, instructions and assets? Of course, for your benefit and to help other people help you, the answer to […]

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Think Twice (or More) Before Giving Away Your Home

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Many people, as they grow older, consider giving away their homes during their lifetimes. We call this a “lifetime transfer” and contrast it with a transfer to heirs that becomes effective at death. When thinking about a lifetime transfer of their homes, people often consider things like avoiding probate, having someone else take responsibility for […]

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