Providing for adequate health care is one of the top concerns for today's seniors. And yet, many find themselves coming up short when that need is for long term care. With costs skyrocketing and government purse strings tightening, planning for such care has never been more important. Don't let long term care costs take you by surprise. Read on to make sure you're prepared.
My last two articles discussed in detail the gap that exists between what seniors need in long term care and what Medicare and Medicaid will cover. Combine that with the proposed Congressional bill restricting Medicaid nursing home coverage, and it's clear to see that seniors and those nearing retirement simply can't afford to ignore this important issue.
How you approach your long term care needs, which include custodial and skilled nursing in-home care, assisted living facilities and nursing home care, depends greatly on your economic situation. For those with low incomes and little assets, there are few choices. Most likely, should the need for long term care arise, you'll quickly spend down your assets and easily qualify for Medicaid.
For those with an annual incomes exceeding $75,000 and with assets of $500,000 or more, you could simply pay for it out of pocket. But with nursing homes costing thousands of dollars a month and some seniors needing years of such care, even a well-lined nest egg could experience a drastic drop in value. A more prudent approach would be to purchase long term care insurance and use that to pay for any long term care you or your spouse may need.
The real conundrum exists for those seniors of moderate means, those with incomes between $30,000 and $50,000 who have a few hundred thousand dollars in assets. Long term care needs could gut your life savings and impoverish the healthy spouse. But long term care insurance can be very expensive and hard for these seniors to afford.
Long term care insurance is complicated and there are many issues you must understand when considering it. My next article will be devoted purely to better understanding long term care insurance and what to look for when buying it.
If purchasing long term care insurance isn't an option for you, there are still some strategies you can use to cover that care should you need it. Selling your life insurance policies, called a life settlement, is one option. Reverse mortgages can also free up needed cash. Selling your home, however unpleasant that may be, can also provided needed funds. But in all of these strategies it is better to leverage those proceeds by using them to buy long term care insurance, if possible.
But for now, let's consider some issues that none of us like to think about, but will greatly influence how we each address our long term care needs. When someone is no longer able to care for themselves, usually the healthy spouse, if there is one, will take over the care. Few seniors, wealthy or not, are quick to dip into their savings to hire nurses or other care givers to help out.
The result is that the healthy spouse often sacrifices their own health and well-being to care for the sick one. We've all seen it happen, how the 'healthy' spouse becomes exhausted and emotionally spent trying to meet the overwhelming needs of the other.
If they're lucky, their adult children will step in to help shoulder the burden. Some families have gone on like this for years, with sons and daughters spoon feeding their parents and changing their diapers. The emotional toll on the family in these situations is indescribable.
How much easier life is when seniors take active steps to provide for this care properly. Then the family can spend their emotional and physical strength on cherishing their loved one, without ruining their own lives in the process.
No one can predict with certainty how their end-of-life will go. But the fact remains that nearly half of all seniors will need nursing home care. Those who don't are likely to need some kind of outside help. Plan now for how you're going to provide for your long term care. Your health, and the health of your loved ones, depends on it.
I'll personally respond to your questions, free of charge. Go to http://www.guardingyourwealth.com and click on 'Ask Jeff'.
SPECIAL REPORT:
Did you know that you could pay as much as 3% a year in money management fees by hiring an investment advisor?
I've just released a groundbreaking report will show you in clear and concise ways why hiring an investment advisor may be one of the most costly mistakes you'll ever make -- and what the profitable alternatives are.
I'd like to offer you a complimentary copy of this new report. If you're an investor, this is the one report you MUST read. You can get it here:
http://www.guardingyourwealth.com/SpecialReports/FinancialSelfDefense.htm
In addition to being a nationally syndicated columnist and Certified Financial Planning Practitioner, Mr. Voudrie provides personal, private money management services to clients nationwide.
About the Author
Jeff Voudrie is president and owner of Legacy Planning Group Inc/Common Sense AdvisorsTM, in Johnson City, TN. He serves as a personal, private money manager and counselor to clients nationwide. He can be reached at jeff@guardingyourwealth.com or by calling 423-913-2950.
Friday, April 27, 2007
Insurance: Bridging The Long-Term Care Gap
Providing for adequate health care is one of the top concerns for today's seniors. And yet, many find themselves coming up short when that need is for long term care. With costs skyrocketing and government purse strings tightening, planning for such care has never been more important. Don't let long term care costs take you by surprise. Read on to make sure you're prepared.
My last two articles discussed in detail the gap that exists between what seniors need in long term care and what Medicare and Medicaid will cover. Combine that with the proposed Congressional bill restricting Medicaid nursing home coverage, and it's clear to see that seniors and those nearing retirement simply can't afford to ignore this important issue.
How you approach your long term care needs, which include custodial and skilled nursing in-home care, assisted living facilities and nursing home care, depends greatly on your economic situation. For those with low incomes and little assets, there are few choices. Most likely, should the need for long term care arise, you'll quickly spend down your assets and easily qualify for Medicaid.
For those with an annual incomes exceeding $75,000 and with assets of $500,000 or more, you could simply pay for it out of pocket. But with nursing homes costing thousands of dollars a month and some seniors needing years of such care, even a well-lined nest egg could experience a drastic drop in value. A more prudent approach would be to purchase long term care insurance and use that to pay for any long term care you or your spouse may need.
The real conundrum exists for those seniors of moderate means, those with incomes between $30,000 and $50,000 who have a few hundred thousand dollars in assets. Long term care needs could gut your life savings and impoverish the healthy spouse. But long term care insurance can be very expensive and hard for these seniors to afford.
Long term care insurance is complicated and there are many issues you must understand when considering it. My next article will be devoted purely to better understanding long term care insurance and what to look for when buying it.
If purchasing long term care insurance isn't an option for you, there are still some strategies you can use to cover that care should you need it. Selling your life insurance policies, called a life settlement, is one option. Reverse mortgages can also free up needed cash. Selling your home, however unpleasant that may be, can also provided needed funds. But in all of these strategies it is better to leverage those proceeds by using them to buy long term care insurance, if possible.
But for now, let's consider some issues that none of us like to think about, but will greatly influence how we each address our long term care needs. When someone is no longer able to care for themselves, usually the healthy spouse, if there is one, will take over the care. Few seniors, wealthy or not, are quick to dip into their savings to hire nurses or other care givers to help out.
The result is that the healthy spouse often sacrifices their own health and well-being to care for the sick one. We've all seen it happen, how the 'healthy' spouse becomes exhausted and emotionally spent trying to meet the overwhelming needs of the other.
If they're lucky, their adult children will step in to help shoulder the burden. Some families have gone on like this for years, with sons and daughters spoon feeding their parents and changing their diapers. The emotional toll on the family in these situations is indescribable.
How much easier life is when seniors take active steps to provide for this care properly. Then the family can spend their emotional and physical strength on cherishing their loved one, without ruining their own lives in the process.
No one can predict with certainty how their end-of-life will go. But the fact remains that nearly half of all seniors will need nursing home care. Those who don't are likely to need some kind of outside help. Plan now for how you're going to provide for your long term care. Your health, and the health of your loved ones, depends on it.
I'll personally respond to your questions, free of charge. Go to http://www.guardingyourwealth.com and click on 'Ask Jeff'.
SPECIAL REPORT:
Did you know that you could pay as much as 3% a year in money management fees by hiring an investment advisor?
I've just released a groundbreaking report will show you in clear and concise ways why hiring an investment advisor may be one of the most costly mistakes you'll ever make -- and what the profitable alternatives are.
I'd like to offer you a complimentary copy of this new report. If you're an investor, this is the one report you MUST read. You can get it here:
http://www.guardingyourwealth.com/SpecialReports/FinancialSelfDefense.htm
In addition to being a nationally syndicated columnist and Certified Financial Planning Practitioner, Mr. Voudrie provides personal, private money management services to clients nationwide.
About the Author
Jeff Voudrie is president and owner of Legacy Planning Group Inc/Common Sense AdvisorsTM, in Johnson City, TN. He serves as a personal, private money manager and counselor to clients nationwide. He can be reached at jeff@guardingyourwealth.com or by calling 423-913-2950.
My last two articles discussed in detail the gap that exists between what seniors need in long term care and what Medicare and Medicaid will cover. Combine that with the proposed Congressional bill restricting Medicaid nursing home coverage, and it's clear to see that seniors and those nearing retirement simply can't afford to ignore this important issue.
How you approach your long term care needs, which include custodial and skilled nursing in-home care, assisted living facilities and nursing home care, depends greatly on your economic situation. For those with low incomes and little assets, there are few choices. Most likely, should the need for long term care arise, you'll quickly spend down your assets and easily qualify for Medicaid.
For those with an annual incomes exceeding $75,000 and with assets of $500,000 or more, you could simply pay for it out of pocket. But with nursing homes costing thousands of dollars a month and some seniors needing years of such care, even a well-lined nest egg could experience a drastic drop in value. A more prudent approach would be to purchase long term care insurance and use that to pay for any long term care you or your spouse may need.
The real conundrum exists for those seniors of moderate means, those with incomes between $30,000 and $50,000 who have a few hundred thousand dollars in assets. Long term care needs could gut your life savings and impoverish the healthy spouse. But long term care insurance can be very expensive and hard for these seniors to afford.
Long term care insurance is complicated and there are many issues you must understand when considering it. My next article will be devoted purely to better understanding long term care insurance and what to look for when buying it.
If purchasing long term care insurance isn't an option for you, there are still some strategies you can use to cover that care should you need it. Selling your life insurance policies, called a life settlement, is one option. Reverse mortgages can also free up needed cash. Selling your home, however unpleasant that may be, can also provided needed funds. But in all of these strategies it is better to leverage those proceeds by using them to buy long term care insurance, if possible.
But for now, let's consider some issues that none of us like to think about, but will greatly influence how we each address our long term care needs. When someone is no longer able to care for themselves, usually the healthy spouse, if there is one, will take over the care. Few seniors, wealthy or not, are quick to dip into their savings to hire nurses or other care givers to help out.
The result is that the healthy spouse often sacrifices their own health and well-being to care for the sick one. We've all seen it happen, how the 'healthy' spouse becomes exhausted and emotionally spent trying to meet the overwhelming needs of the other.
If they're lucky, their adult children will step in to help shoulder the burden. Some families have gone on like this for years, with sons and daughters spoon feeding their parents and changing their diapers. The emotional toll on the family in these situations is indescribable.
How much easier life is when seniors take active steps to provide for this care properly. Then the family can spend their emotional and physical strength on cherishing their loved one, without ruining their own lives in the process.
No one can predict with certainty how their end-of-life will go. But the fact remains that nearly half of all seniors will need nursing home care. Those who don't are likely to need some kind of outside help. Plan now for how you're going to provide for your long term care. Your health, and the health of your loved ones, depends on it.
I'll personally respond to your questions, free of charge. Go to http://www.guardingyourwealth.com and click on 'Ask Jeff'.
SPECIAL REPORT:
Did you know that you could pay as much as 3% a year in money management fees by hiring an investment advisor?
I've just released a groundbreaking report will show you in clear and concise ways why hiring an investment advisor may be one of the most costly mistakes you'll ever make -- and what the profitable alternatives are.
I'd like to offer you a complimentary copy of this new report. If you're an investor, this is the one report you MUST read. You can get it here:
http://www.guardingyourwealth.com/SpecialReports/FinancialSelfDefense.htm
In addition to being a nationally syndicated columnist and Certified Financial Planning Practitioner, Mr. Voudrie provides personal, private money management services to clients nationwide.
About the Author
Jeff Voudrie is president and owner of Legacy Planning Group Inc/Common Sense AdvisorsTM, in Johnson City, TN. He serves as a personal, private money manager and counselor to clients nationwide. He can be reached at jeff@guardingyourwealth.com or by calling 423-913-2950.
Looking to Work from Home? Make Money with Private Label E-book Resell Rights
Each year, million of peoples are thinking or finding a way to work from their own comfort of home. Many of those individuals are either stay at home parents, retired, or disabled. Working from home allows many individuals overcome their financial problems, if not they would be unemployed, to generate an income. While the previously mentioned individuals most commonly work from home, and you do not have to fall into one of those categories to be a home worker. In fact, you will just feel like working from your own home office.
One of the many reasons why working from home has increased in popularity is due to the limited number of expenses and working from home just required a minimal investment for the start up. When you think about it, the cost of working a traditional job can easily added up to a figure that you can't imagine about it. You may not give it any thought, but, in a way, your gasoline, travel time, food away from home, and drinks away from home, can all this be considered extra expenses. This is because if you were working from home, you wouldn't necessarily have to pay them. That is why a large number of everyday individuals, just like you, are making the switch to business opportunities that allow them to work from home.
If you are interested in joining the growing number of individuals who work from home, you will need to find a work at home job or a work at home business opportunity. A work at home job is similar to most traditional jobs. With a work at home job, you will still be working for someone else, but you will be working from the comfort of your own home. A work at home businesses opportunity will not only allow you to work from home, but it will also allow you to be your own boss. If given the choice, many individuals would prefer to find a money making business opportunity versus a job. If this is the case, you are advised to start reviewing all of the opportunities that are out there.
In your search for a money making business opportunity, it is likely that you will come across an opportunity which offers you the private label resell rights to a particular product. Those products may include, but should not be limited to, e-books, mass collection of content articles, or software programs. Some of the best offers include ones that offer the resell rights for e-books. This is because the popularity of e-books is rapidly increasing. Instead of borrowing a book from the library or buying a new book, many individuals are reading books that come in the form of an e-book.
With this business opportunity, you will need to find an individual or company that is offering their e-book resell rights for sale. When searching for e-book resell rights, it is advised that you examine a number of different offers and preferably it is a unique ebook. You will find that these offers tend to vary from person to person. Once you found an e-book, that you feel will be easy to sell, you need to inquire about purchasing the private label resell rights. Depending on who you are doing business with, this cost may be high; however, it is important to keep in mind what you are getting. The best way to find private label ebook resell rights is by looking for a private label ebooks resell rights membership program which will save you more time and money if you would looking them individually, and also the membership site must be offering unique private label ebooks resell rights on monthly basis, if a membership site offering the same ebooks with private label resell rights that everyone are selling on the web then please do not consider joining that site.
Individuals that are placing their e-book resell rights on the market are mostly likely the original author of the e-book. This gives them the ability to place restrictions on the reselling that you are allowed to do. If these restrictions exist, they should be outlined before you agree to do business. Depending on what these restrictions are, they may have a positive or negative effect on your ability to sell the e-book. Common restrictions include advertising methods, the altering of materials, or author rights. In many cases, you are not only able to sell the e-book, but change a portion of it and then claim it as your own, but this is not always the case except the ebook came with no restriction private label rights which entitled you to do anything you want to do with them.
As you can see there are a number of important factors that must be examined when it comes to obtaining the resell rights to a well written e-book. If you are interested in this business opportunity, you are encouraged to familiarize yourself with it before making any final arrangements. After your examination, you may very well find that this opportunity will not only allow you to quit your job, but cut back on your weekly expenses too.
About the Author
Kenny Tan provides monthly fresh new private label rights ebooks on his website, you can visit his website for more information at: http://www.bizgalaxies.com
One of the many reasons why working from home has increased in popularity is due to the limited number of expenses and working from home just required a minimal investment for the start up. When you think about it, the cost of working a traditional job can easily added up to a figure that you can't imagine about it. You may not give it any thought, but, in a way, your gasoline, travel time, food away from home, and drinks away from home, can all this be considered extra expenses. This is because if you were working from home, you wouldn't necessarily have to pay them. That is why a large number of everyday individuals, just like you, are making the switch to business opportunities that allow them to work from home.
If you are interested in joining the growing number of individuals who work from home, you will need to find a work at home job or a work at home business opportunity. A work at home job is similar to most traditional jobs. With a work at home job, you will still be working for someone else, but you will be working from the comfort of your own home. A work at home businesses opportunity will not only allow you to work from home, but it will also allow you to be your own boss. If given the choice, many individuals would prefer to find a money making business opportunity versus a job. If this is the case, you are advised to start reviewing all of the opportunities that are out there.
In your search for a money making business opportunity, it is likely that you will come across an opportunity which offers you the private label resell rights to a particular product. Those products may include, but should not be limited to, e-books, mass collection of content articles, or software programs. Some of the best offers include ones that offer the resell rights for e-books. This is because the popularity of e-books is rapidly increasing. Instead of borrowing a book from the library or buying a new book, many individuals are reading books that come in the form of an e-book.
With this business opportunity, you will need to find an individual or company that is offering their e-book resell rights for sale. When searching for e-book resell rights, it is advised that you examine a number of different offers and preferably it is a unique ebook. You will find that these offers tend to vary from person to person. Once you found an e-book, that you feel will be easy to sell, you need to inquire about purchasing the private label resell rights. Depending on who you are doing business with, this cost may be high; however, it is important to keep in mind what you are getting. The best way to find private label ebook resell rights is by looking for a private label ebooks resell rights membership program which will save you more time and money if you would looking them individually, and also the membership site must be offering unique private label ebooks resell rights on monthly basis, if a membership site offering the same ebooks with private label resell rights that everyone are selling on the web then please do not consider joining that site.
Individuals that are placing their e-book resell rights on the market are mostly likely the original author of the e-book. This gives them the ability to place restrictions on the reselling that you are allowed to do. If these restrictions exist, they should be outlined before you agree to do business. Depending on what these restrictions are, they may have a positive or negative effect on your ability to sell the e-book. Common restrictions include advertising methods, the altering of materials, or author rights. In many cases, you are not only able to sell the e-book, but change a portion of it and then claim it as your own, but this is not always the case except the ebook came with no restriction private label rights which entitled you to do anything you want to do with them.
As you can see there are a number of important factors that must be examined when it comes to obtaining the resell rights to a well written e-book. If you are interested in this business opportunity, you are encouraged to familiarize yourself with it before making any final arrangements. After your examination, you may very well find that this opportunity will not only allow you to quit your job, but cut back on your weekly expenses too.
About the Author
Kenny Tan provides monthly fresh new private label rights ebooks on his website, you can visit his website for more information at: http://www.bizgalaxies.com
Detailing the Process of How to Build Sauna Rooms in Your Home
We have all heard about the wonders that staying for a few hours in a sauna can provide for the tired person. While there are many ways that you can enjoy these benefits of soaking the steam into your body the best way is probably to build sauna room units. You will be able to find different companies that will provide you with various sized pre-cut sauna rooms.
Some of these companies will also help you with the assembling of the sauna room that you need. You can also find various manuals and articles that will detail the process of how to build sauna rooms in your homes. A few of these materials can be found on the internet and in other cases you can find books on building saunas at your local library and book shops.
The best way to build sauna rooms is to look for a good location for the sauna. You can find the various items that you need for the sauna from companies that supply water resistant wood.
To build sauna rooms the best type of wood that you can buy and place inside of the sauna is that of Cedar wood. This wood is water resistant by nature and it is also stain resistant. You will also be able to clean the sauna once you gave finished using it.
Additionally you will need to locate stones that have the ability to withstand the constant heating and cooling that is needed in a sauna. Therefore when you are buying these sauna stones to place in your sauna stove you should buy good quality Finnish stones. When you about to build sauna needs to have a place set in the center for the sauna stones.
The roof of the sauna should be high enough so that the heat will not press too much on you. You can make this roof level about seven to eight feet about the ground of the sauna. You will have to ensure that when you are about to build sauna shed that any metallic pieces are not showing or protruding outside into the sauna itself.
For the various inhabitants of the sauna you will need to provide long and wide benches. These benches should be attached to the walls in a manner where you won't have any problems with the benches moving aside.
While you are able to create the perfect sauna in your home you may feel less stress when you buy a ready to assemble sauna instead of seeing if you can build sauna rooms with the various pieces that you have.
About the Author
Muna wa Wanjiru is a web administrator and has been researching and reporting on internet marketing for years. For more information on build sauna, visit his site at build sauna
Some of these companies will also help you with the assembling of the sauna room that you need. You can also find various manuals and articles that will detail the process of how to build sauna rooms in your homes. A few of these materials can be found on the internet and in other cases you can find books on building saunas at your local library and book shops.
The best way to build sauna rooms is to look for a good location for the sauna. You can find the various items that you need for the sauna from companies that supply water resistant wood.
To build sauna rooms the best type of wood that you can buy and place inside of the sauna is that of Cedar wood. This wood is water resistant by nature and it is also stain resistant. You will also be able to clean the sauna once you gave finished using it.
Additionally you will need to locate stones that have the ability to withstand the constant heating and cooling that is needed in a sauna. Therefore when you are buying these sauna stones to place in your sauna stove you should buy good quality Finnish stones. When you about to build sauna needs to have a place set in the center for the sauna stones.
The roof of the sauna should be high enough so that the heat will not press too much on you. You can make this roof level about seven to eight feet about the ground of the sauna. You will have to ensure that when you are about to build sauna shed that any metallic pieces are not showing or protruding outside into the sauna itself.
For the various inhabitants of the sauna you will need to provide long and wide benches. These benches should be attached to the walls in a manner where you won't have any problems with the benches moving aside.
While you are able to create the perfect sauna in your home you may feel less stress when you buy a ready to assemble sauna instead of seeing if you can build sauna rooms with the various pieces that you have.
About the Author
Muna wa Wanjiru is a web administrator and has been researching and reporting on internet marketing for years. For more information on build sauna, visit his site at build sauna
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