Tagged: long term care insurance

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Caring for Your Parents as They Age

MoneyTips Sunday, July 23, is Parents' Day, which was established when President Clinton signed a Congressional Resolution into law in 1994 to recognize, uplift, and support the role of parents in raising children. At some point when those children are grown, however, it often becomes their responsibility to care for their aging parents. It is an...

Seniors’ greatest financial fears are running out of money 0

What Seniors Need To Know About Long Term Care Insurance

Long term care is a major concern of Canadian senior citizens and their families. Studies have shown that Canadians rank long term care second, behind saving for retirement, when prioritizing financial needs. Unfortunately, many Canadians do not want to think about needing long term care and, therefore, fail to plan for it. Others wrongly assume that...

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Financial Strategies for the Sandwich Generation

MoneyTips A growing number of American couples are feeling the financial squeeze from all sides — their children, their parents and each other. They have been dubbed the “sandwich generation” because they face a wide range of different kinds of financial pressures from both the prior and next generation. For starters, there’s the pressure many...

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Nursing Homes and Retirement Homes 101

MoneyTips It can be a sobering and painful time when you realize that one of your family members requires some form of senior care. Your choices can seem overwhelming and hard to understand. Home care options are available through home healthcare services, and respite care (adult daycare) options are available for part-time assistance if...

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