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Gifts Mom Won't Use (I Hope!)
Quick: Think of two Mother's Day presents that mom would really appreciate, is unlikely to buy for herself and hopefully won't use.
They are: long-term care insurance and life insurance (on Dad)!
Let me acknowledge immediately that these are not only slightly more expensive gifts than the sweater or handbag...
The War Against Savers
There's no mystery about why the Fed wants to keep interest rates low. They say low interest rates will create economic growth, though there's not much evidence of that in recent years. Sure, low rates have helped the mortgage market, but they haven't triggered a boom in housing. And low...
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Money News: LTC Care Costs Soar
Genworth’s annual study of the cost of long term care shows, not surprisingly, that the cost of having a caregiver is rising far faster than the rate of consumer price inflation – about 4.45 percent compound annual growth rate over the past five years.
Genworth’s research shows that at least 70 percent of people over age 65 will need some form of long term care services in their lifetime. One in nine people age 65 or older have Alzheimer’s disease!
In Illinois, the median cost for one year in a nursing home in a single room is now $70,445. Full-time, round-the-clock private home healthcare can nearly double that bill.
Here’s a link to the survey
With Mother’s Day and Father’s Day approaching, adult children might want to consider joining forces to buy LTC insurance and pay the premiums every year. It will be a lot less expensive and easier than having your in-laws living with you when your child goes off to college!
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 mint.com
Download the free app -- and start tracking your spending, card balances, bank balances, and goals instantly on your smart phone.
napsnetwork.org/
The National Adult Protective Services Association (NAPSA) is a national non-profit 501(c)(3) organization with over 500 members in all fifty states, including the District of Columbia. The mission of NAPSA is to improve the quality and availability of protective services for adults with disabilities and older persons who are abused, neglected, or exploited and are unable to protect their own interests.
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Complete list of Terry's Favorite websites |
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 coolmath.com
Want to figure out how to accumulate a fortune in your IRA? Use this calculator to see what happens if you invest $2,000 a year, every year, at the historical stock market total return of 9.8%. Time IS money!
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Complete list of Terry's Favorite Calculators
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Quote of the Day
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest Rome become bankrupt. People must again learn to work instead of living on public assistance."
-- Cicero , 55 BC
So evidently, we've learned nothing in the past 2,067 years.
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