LTC

Washington State’s LTC Program May Get Nixed

In November, the state will vote on making the program tax voluntary, which would make the program financially unworkable.

AI Creator Aims to Spare Families LTC Nightmare

Prudential is piloting her platform which predicts clients’ future long-term care needs and costs and evaluates funding options.

When Aging in Place is No Longer an Option

Choosing a long-term-care facility is one of the toughest decisions families may need to make. You can help. (By Desiree Fisher)

Can Medicaid Take a Healthy Spouse Hostage?

Selling the family home may not be an option if the sick spouse requires long-term care — unless the couple plans correctly. (By Cathy Sikorski)

‘Financial Ruin Is Baked Into the System’: Readers on the Costs of Long-Term Care

In more than 4,200 comments, readers shared their struggles in caring for spouses, older parents, and grandparents.

Difficult Choices for Some Long-Term Care Policyholders

Thousands of long-term-care insurance customers are being offered a tough choice that's going to cost them no matter which they choose.

Desperate Families Search for Affordable Home Care

Most home care agencies nationwide are for-profit. Hourly charges average $27 and Medicare doesn't cover long-term care.

Why Long-Term-Care Insurance Falls Short for So Many 

Gaps in coverage and soaring premiums require many children to open their wallets and homes to parents who've paid for policies for decades.

Long-Term-Care Options: What Works?  

There are a lot of moving parts that you can help sort out for your clients and their families. (By Desiree Fisher)

Biden Administration Proposes New Standards to Boost Nursing Home Staffing

At least one registered nurse would have to be on duty at all times under the proposed plan, up from only eight consecutive hours per day now.

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Families to Save $10 Billion Annually in Credit Card Late Fees

This estimate comes from the Consumer Financial Protection Bureau, whose new rule capping late fees at $8 is effective May 14.

Windfalls from Home Ownership Start to Erode

While first-quarter home-sale prices were up in most markets, other measures show residential real estate may not be as stable as it appears.

Wealth Enhancement Group Acquires $809M Retirement Advice RIA

The partnership with The Retirement Group in San Diego brings the firm’s total client assets to more than $82.7 billion.

Yes, There Is a Best Day of the Week to Book Your Flight, Study Confirms

In general, early-in-the week bookings can save you the most money, but it depends on the airline, a survey of domestic flights finds.

Rent Increases Vastly Outstrip Wage Growth in These Markets

A new Zillow analysis shows U.S. rents have surged in most markets over the last five years — but a couple cities are clear leaders.

Oklahoma Financial Advisor Duo Managing $200M Joins Raymond James

The husband-and-wife team of Mike and Shaley Sikes of Edmond, Okla.., previously was affiliated with Edward Jones.

Demand for Advisor Services Soars, Annual Industry Survey Reveals

The ranks of financial advisors surpassed 1 million in 2023, according to the Investment Adviser Industry Snapshot.