Until December 7, Medicare enrollees have the opportunity to review and make changes to their Medicare plans, ensuring that your health coverage meets your needs in 2025. This period is crucial for evaluating your options, particularly when it comes to Medicare Part D, which covers prescription drugs.Why focus on Part D during open enrollment?Medicare Part […]
When helping our clients plan for future long-term care needs, one decision they need to make is whether to self-fund care needs using existing retirement funds or purchase long-term care (LTC) insurance. Both options have their merits and drawbacks, and the best choice often depends on individual financial situations, health status, and personal investment strategies. Investing […]
One of the things we emphasize with our clients—of all ages—is that planning for the unexpected is crucial. We do a lot of planning in our lives, from where we’ll go to college to where we’ll vacation. We may plan for retirement, but unfortunately we don’t put enough planning into what might happen to interrupt […]
What is a financial care plan? Who needs one, and what should it entail? In this informative video, Mim Senft, co-founder and managing director of Motivity Care, interviews Jonathan Miller, principal of Longevity Income Solutions. As Mim notes, “Not a lot of us think about a financial care plan for the future.” Jonathan advises clients […]
Some of our clients find themselves in uncharted waters and in a challenging position of wanting to ensure their aging parents’ safety and comfort while also respecting their folks’ desire to age in place in their home. Suggesting a move to a senior living community or introducing home health care might be met with resistance, […]
When it comes to caring for aging parents, siblings often find themselves front and center of the care journey with a range of emotions and responsibilities. Ensuring that caregiving duties are shared fairly can help ease the burden on each family member, fostering a supportive environment for both the caregivers and the senior loved ones. […]
The demographic known as “solo agers” is growing. Solo agers are individuals who are in their senior years and don’t have the traditional family support network that other seniors may rely on. This includes people who are widowed, childless, and/or live far from friends or family. Those in the LGBTQ community, many of whom are […]
Last month we talked about the importance of advance care planning to ensure that our loved ones are aware of our healthcare and financial wishes if we are unable to make critical decisions for ourselves. But what about funeral and burial preferences? Most people like to avoid this topic for obvious reasons, but it’s a […]
We like to think that we will always be capable of making our own healthcare decisions. Sometimes, however, it doesn’t work like that. A stroke, a car accident, Alzheimer’s disease—any number of circumstances might limit or take away a person’s immediate ability to make healthcare decisions.Fortunately, you have the power to think about and plan […]
Annuities stand out as a cornerstone for ensuring financial stability in retirement. For most of our clients, annuities already form a critical part of their retirement portfolio—and for good reason. The current state of annuities “The year 2023 was a record-breaking year for annuity sales,” wrote Jennifer Schell for Annuity.org, “and 2024 could see even […]