The takeaway:Â Would you buy a product without knowing your odds of needing it? Your odds of needing long-term care are based on specific factors, all of which are outlined in this post. And the news is better than you might expect. So when that sales agent calls, don’t be too quick to whip out your … [Read more…]
The takeaway: Medicaid foots the bill for 62% of all nursing home residents. Everybody else is paying over $100,000 a year. To be one of the 62%, you need to know the following four things: 1) Medicaid’s financial requirements, 2) how to find legal help so you can potentially meet those requirements regardless of your … [Read more…]
The takeaway: We just might outlive our money if we don’t *truly* grasp the power of compound interest and ignore the money habits of our peers. Here’s how a single purchase morphed into real money. $$$ I knew what the price tag said, but not what the thing would really cost. Because price never tells … [Read more…]
The takeaway: When they first hit millionaire status, the median household income of millionaires was $89,167. Their household income is less important than the habits these millionaires built to create financial independence. Here are the habits, and how failure to follow them, resulted in the complete derailment of one famous attorney’s retirement. $$$ This post … [Read more…]
The takeaway: The perfect setup for outliving your money is not knowing where it goes. This post handily helps you figure where the money went and provides a juicy look at what others your age are earning and spending. Don’t outlive your money! $$$ Part 3 in the Don’t Outlive Your Money Series. (Updated 3/10/21.) … [Read more…]