You recently retired from your job and you were prudent enough to invest in long-term care insurance policy to cover future expenses that you could not cover out of your pocket.  Now your kids are battling in court to get your policy to cover your assisted-living facility expenses and to reimburse you for money you’ve already taken out of savings to cover costs since you’ve been there.

Don’t let this happen to you; learn about long term care insurance pros and cons before you purchase a policy.

The popularity of long-term-care (LTC) policies has skyrocketed since they first came on the scene in the 1980’s.  Millions of people now either have an individual or group policy.  However, such insurance policies may not be ideal for everyone cautions consumer advocates.  Many insurance regulators claim that LTC policies can be quite confusing, what the policy covers can vary widely from policy to policy.

Before you purchase a policy you need to be sure of when the benefits start, what the maximum daily payouts are, how long the benefits are supposed to last and exactly what services the policy will cover.  Two of the biggest complaints from consumers are the denial of coverage from the insurance companies and an unexpected increases in their premium. Read the rest of this entry

A retirement guide is something that provides a person with information to help direct their conduct as they near retirement age.  It helps you to be better prepared for a new lifestyle. Everyone needs a guide to retirement planning whether it be an employee or someone who is self-employed or a small business owner.

It may seem like a long time before you clock out for the last time but that time will come faster than you think.  You must ask yourself are you financially ready to pursue the life you’ve envisioned?

Do you want to travel each year to exotic places and walk along the beach with your partner?  Do you want to spend more time in your garden growing bigger and riper tomatoes?  Are you adequately insured?  Just as you would not get on a ship with the proper navigation you do not want to approach your retirement with your eyes wide shut.  You’re getting ready to go on the longest vacation of your life.

1. Get rid of your debt.  As long as you have debt you are a slave to the lender.  If your looking for a psychological booster then debt elimination is one of the quickest way to give you that euphoric feeling.  If you can’t eliminate all debt then be sure to attack the debt that carries the highest interest rate first such as credit cards and car loans.  Your mortgage loan should be the last debt to go since it usually carries the most favorable interest rates. Read the rest of this entry