Marc Ang tackles the dangerous myths surrounding long term care that could mean a depletion of your entire life savings, highlighting the importance of long term care planning. Medicare and Medicaid/Medi-Cal are not the perfect solutions for long term care. False sense of security. Those are the words that come into mind for me when I hear people talk about their long term … [Read more...] about The Medicaid (Medi-Cal) Long Term Care Plan?
Mature Families
Crafting Your Financial Power of Attorney
We discuss the important considerations and intricacies of the Financial Power of Attorney document in the estate planning process and difference between the General Power of Attorney and Durable Power of Attorney. This should be part of any estate plan checklist. When preparing to give another person the ability to make financial decisions for you, there are many things to … [Read more...] about Crafting Your Financial Power of Attorney
Time Flies: Kids Are Grown, “Empty Nest” Looms
Erin Bui chats about her parents and the concerns of a mature couple, at the stage in life where they're sending their children off to college, helping pay for college costs, and the important checklist of things to do as the empty nest looms. When you were young and just got married, you probably thought you had all the time in the world. You had children, secured stable … [Read more...] about Time Flies: Kids Are Grown, “Empty Nest” Looms
The Advanced Health Care Directive
We discuss the importance of having an Advanced Health Care Directive (aka Living Will) and the important choices you must make in this living document. The Advanced Health Care Directive, also known as a Living Will, is one of the most important documents in the estate planning process. What this document does is it specifies what should happen to you if you become sick or … [Read more...] about The Advanced Health Care Directive
Breaking The Cycle of Poverty: Start With Your Mindset
Marc Ang gives a pep talk about some financial basics, such as saving money, not spending more than you have and focusing on your financial goals; based on a real life example of a successful retiree, Carla. Having financial basics are key before you even think about insurance and investing and keeps you from being a slave to your finances. Why do some people rise up from poor … [Read more...] about Breaking The Cycle of Poverty: Start With Your Mindset