LTCi Part 7: Tax Treatment for Businesses

LTCi Part 7: Tax Treatment for Businesses

Jun 17

This is the seventh in a series of blogs on the topic of Long Term Care Insurance. I have broken them down into smaller segments since this is such an important and extensive topic. As we discussed previously, Congress favors the business owner over the individual when it comes to deducting the cost of Long Term Care insurance.   If you are self-employed, you can deduct the cost of long-term...

Social Security’s Little Secrets

Social Security’s Little Secrets

Jun 10

Social Security has a few little secrets that make it very good for the government. Social Security, unlike other income – earnings, investments or IRA’s – is taxed three times (Secret 1). Here is how it works. Let’s say your earned income is $50,000. You pay in your Social Security which would be $2,100 for 2011. It’s normally 6.2% but in 2011 it’s 4.2%. Does that mean you are...

“Naked in the Nursing Home” Trailer

“Naked in the Nursing Home” Trailer

May 06

This is the book trailer for my forthcoming book Naked in the Nursing Home: The Women’s Guide to Paying for Long-Term Care without Going Broke, due out June 1st. I’m looking forward to sharing it with you all!

Why Women

Why Women

Apr 24

I wrote the forthcoming book Naked in the Nursing Home: the Women’s Guide to Paying for Long-Term without Going Broke because I believe women are faced with a double edged sword in our society. It is no secret that women generally live longer than men. This means that women have a greater chance of facing the nightmare of caregiving than men and also have a greater chance of landing in a...

LTCI Part 2: The Pool of Money Concept

LTCI Part 2: The Pool of Money Concept

Apr 01

This is the second in a series of blogs on the topic of Long Term Care Insurance. I have broken them down into smaller segments since this is such an important and extensive topic. Traditionally, when people purchase long-term care insurance, they choose to buy a set dollar amount per day for a period of time. So, if the cost of chronic care in your neighborhood is roughly $7,500/month today, you...