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Romeo Raabe
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Are You Concerned About How You Will Pay For Long Term Nursing Care?

Aug 5, 2013

You’ve read that nursing homes can cost up to $8500 a month, assisted living half of that, and home care anywhere from very little to more than the nursing home.  Your first thought might be there is no way I can afford such care.  That is often an accurate first impression.  However, there are strategies…

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Seniors Optimistic About Future

Jul 31, 2013

Seniors today are optimistic about the future, yet 41% of them that are not yet retired plan to rely on Social Security as their primary source of income.  This is probably due to the decimated nest eggs as a result of the past 5 years financial crisis. 41%  WOW, that means a lot of people who are…

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A Crisis For The Very Old: They’re Outliving Their Assets

Jul 17, 2013

According to yesterday’s Los Angeles Times, nearly half of all Americans will die with practically no money at all. It’s a problem that policymakers and financial services firms must address. As if you haven’t been scared enough by the projections that most Americans haven’t saved enough to maintain their lifestyles as they enter retirement, here’s…

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Is It Time To Have “The Talk” With Mom & Dad About Their Finances?

Jul 16, 2013

We are always our parents’ children.  That’s especially the case when it comes time to talk to them about their finances and planning. When an older generation starts needing help, the role reversal can be difficult for all to stomach. But it’s crucial to get over the awkward feelings, and have the important conversations ahead…

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Longer, Not Healthier, Lives

Jul 11, 2013

JAMA, the Journal of the American Medical Association as reported in the Wall Street Journal today, said that we are living more years with chronic conditions over the past 20 years.  We are living longer, but with more years at the end suffering from chronic conditions such as diabetes, kidney disease and Alxheimer’s. In the U.S.…

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When Should I Buy LTC Insurance?

Jul 10, 2013

A recent article on Fox News, featuring a financial expert who shall remain nameless, stated that since there is only a 1% chance of needing Long Term Care until after 60, don’t spend a dime on it until then.  Perhaps he is not aware of the statistic that 40% of Americans currently receiving LTC services…

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My Premium Is Being Raised, Why and What Can I Do?

Jul 3, 2013

A recent Wall Street Journal article details some of the price increases that have occurred on people’s Long Term Care insurance (LTCi) policies.  Price increases happen on many things over the years, but let me explain what is happening in this industry. My LTCi policy has been in force for 12 years now.  I have paid…

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I Have enough Saved For Long Term Care, I Think……

Jun 26, 2013

Many boomers greatly underestimate the costs of LTC services, but that is not the dangerous part.  It seems many do not take inflation seriously, compounding the problem greatly. I remember $0.29 regular gasoline and $0.32 premium (per gallon).  You could buy a new 1977 Ford Maverick for $1995.00.  Remember when coffee only cost a quarter a…

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Your Life Insurance Can Help Pay For Your LTC

Jun 17, 2013

Lawmakers from several states are encouraging elderly people to use their life insurance to help pay for their Long Term Care through viatical settlements. Currently, life insurance in an amount over $1500 of death benefit had to be cashed in prior to qualifying for Medicaid.  The money received from cash value could be used like…

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The Long Term Care Guy