How to Use Untaxed Dollars to Cover Long Term Care

Apr 18, 2019

You may have heard that Long Term Care insurance (LTCi) premiums can be tax deductible.  But (and there is always a but), there are restrictions. LTCi premiums are fully deductible on your Wisconsin income taxes, regardless of whether you itemize taxes, how much or how little your taxes are, or whether you have enough other…

Read More

“How to Deal with Long Term Care Financially” Seminar Scheduled for March 19

Mar 11, 2019

FREE LTC Seminar on March 19 @ 1:00 pm – 2:00 pm When: Tuesday, March 19 Where: Allouez Village Hall, 1900 Libal Street Topic: How to Deal with Long Term Care Financially Presenter: Romeo Raabe, Owner of the Long Term Care Guy What will you learn? The thought of paying for long-term care can be daunting, but…

Read More

Most Retirees Concerned About LTC Costs

Feb 11, 2019

“Seventy-two percent of retirees are concerned about long-term care expenses for assisted living services, nursing home care and home healthcare, according to a new national survey, making such expenses the most frequently cited spending concern by respondents.” — T. Rowe Price Will you need to move in with your children someday for care?  Have you…

Read More

7 Myths About Caregiving Costs

Dec 23, 2018

This article by Rachel Hartman was published on line by U.S. News & World Report on December 12, 2018.  It is an excellent overview of several common myths about caregiving costs.  The link to the article is here. The financial aspects of caring for an aging loved one are often a grey area. It can…

Read More

Happy Holidays – How is Grandma?

Dec 19, 2018

While your family was together at Thanksgiving, was there evidence that older family members are not taking care of themselves as well as they could be or used to? Perhaps your loved one is not driving as much as before, or perhaps should not be driving at all. Are bills piling up unpaid?  Is hygiene…

Read More

What’s it Really Like Paying for Long-Term Care

Dec 17, 2018

As written by Michelle Singletary and published in the Washington Post on November 26, 2018 One of my favorite Spock quotes from the Star Trek television series is, “Live long and prosper.” Who doesn’t want a long life, right? But what if the longevity means spending down your money for long-term care? And that’s if you’ve…

Read More

Who is Going to Pay for Your Funeral?

Dec 1, 2018

Asking who is going to pay for your funeral might seem like a silly question–you probably have money in savings, a vehicle, a house, even life insurance.  There should be plenty of money to pay this bill, right? The problem is, you are gone, so now who has access to your assets? Your Power of…

Read More

Observations from a Recent Hospital Stay

Nov 12, 2018

Recently, I was an inpatient in a hospital after having surgery.  While there, I visited with a number of nurses and CNAs (certified nursing assistants) while they were caring for me.   Nearly every one of the CNAs had started their careers in a long-term care (LTC) facility. The reasons these workers moved on to a…

Read More

Beware insurance agents offering new “can’t lose” long term care insurance

Oct 8, 2018

Insurance companies are wooing insurance agents with something they are already familiar with – life insurance – with what looks like a neat extra benefit: it will also pay for long term care (LTC).  It’s a two for one deal–it pays for LTC, and if that is not needed, your heirs get the life insurance…

Read More