The second attribute identified by Gopi Shah Goda for financial planning is understanding the impact of compounding. As Albert Einstein described it, “Compound interest is the eighth wonder of the…
[P]eople rely on a limited number of heuristic principles which reduce the complex tasks of assessing probabilities and predicting values to simpler judgmental operations. …
1. In general, investments that are riskier tend to provide higher returns over time than investments with less risk. True False Don't know 2. If you buy a company’s stock...…
With declining cognitive capabilities, it will become more and more difficult to sort through complex legal and financial issues. Even if it is just your wish for the CCRC to…
A 2017 report by Kaiser Health News notes that nursing homes that rely heavily on Medicaid reimbursements for their funding generally have lower standards of care than those that look to…
As the CCRC ages, the likelihood of residents needing assistance or skilled nursing care also increases. Reimbursements through Medicaid are likely to come under increasing financial pressure in the years…
Once they are ready to move out of their homes, some people look to a Continuing Care Retirement Community (CCRC) for housing. CCRCs offer a very attractive transition – from…
Buying a long-term care insurance policy is no easy feat. Most of the insurance carriers have left the market due to the high cost of nursing homes, particularly for patients…
Perhaps the single best website for comparing the different Medicare Advantage plans is that of the government itself. Look at the CMS websiteThe Centers for Medicare and Medicaid Services (CMS) has…