Long-term care is especially important for women to consider. As we age, we require more assistance. For some, failing memory can create dangerous situations. For example, people may take more medication doses than necessary or set kitchen fires by forgetting food left on the stove or that the gas has been left on. Those who […]
Women should plan for long-term care needs. The health of both men and women decline as they age. That is an unavoidable fact. Despite the universality of aging and death, women tend to live longer than men. About 74 percent of single households for those over age 80 are women. Need some anecdotal proof? Visit […]
Original Medicare has limits to what it will cover. Americans age 65 or older are eligible for Medicare coverage. Those with certain qualifying disabilities are also eligible for this coverage. Medicare provides health insurance benefits to these individuals. According to a recent AARP article titled “7 Things Medicare Doesn’t Cover,” there are certain expenses not […]
You may be able to deduct long-term care costs on your tax return. Few people get excited about filing taxes. For many, organizing and reviewing paystubs, receipts, and health insurance forms is tedious and unpleasant. [Count yours truly among that many, but fortunately Gretchen takes care of all of that!] Although filing taxes takes time […]
Everyone needs to plan for retirement. Retirement may be couple of years away or a couples of decades away. Either way, it is coming. You may be able to choose the time of your retirement. Cutbacks or health issues may force you into retirement earlier than anticipated. According to a recent Nasdaq article titled “Do […]
Take steps to save on healthcare costs in retirement. You are entering retirement soon. Perhaps you have already retired. Either way, you know aging brings with it additional healthcare costs. According to a recent Motley Fool article titled “How to Save Money on Healthcare in Retirement,” these medical costs will likely be your largest expense […]
Paying for nursing home care may consume all of your savings. There are many physical ailments associated with aging. As we get older, our bodies wear out. Although some individuals can live independently for a time or have family caretakers, many seniors will require some form of long-term care outside the home setting. According to […]
Retirement brings change and involves planning. You are getting older. As a result, retirement is getting closer. Although you could choose to ignore this fact, doing so may cost you in the long run. According to a recent Forbes article titled “5 Crucial Planning Steps To Take Before You Retire,” planning for retirement can remove […]
Long-term care insurance will not be reformed, at least by federal government edict. The numbers are sobering when it comes to the likelihood of needing long-term care. It is well worth your time to read an in-depth study on this subject from the U.S. Department of Health & Human Services. Spoiler alert: the risk of […]
A family caregiver for a "qualifying" veteran may receive financial compensation. Your loved one served in the military. Your loved one now requires the assistance of a caregiver. Perhaps this is due to age. Maybe it is the result of an combat injury. Whatever the cause, you have taken on the responsibility of caregiver. According […]
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Overland Park Estate Planning Attorney Kyle Krull assists clients in Kansas and Missouri with Estate Planning, Wills, Trusts, Revocable Living Trusts, Charitable Planning, Asset Protection and Business Succession Planning in the greater Kansas City area including Overland Park, Leawood, Olathe, Lenexa, Johnson County Kansas and Jackson County Missouri.
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