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?
Seniors
Seniors, Be Aware and Beware of These Common Scams
Erin Bui chats about the tragic Ed Faust Grandparent Scam story and gives a rundown of the most common scammer tricks, gives advice on how you can be a senior scam stopper, and learn about senior scam prevention in order to protect yourself and your senior loved one. While we would like to believe the world is a good place, the reality is that there are many vile individuals … [Read more...] about Seniors, Be Aware and Beware of These Common Scams
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
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
How To Avoid Clipping Coupons and Pinching Pennies In Your Old Age
Erin Bui chats about her grandmother's financial constraints in Vietnam, which mirrors what many seniors are going through in the United States. Creating a protection plan (encompassing estate plan, life insurance, and annuities), should help ease the financial worries seniors face. After working so hard all your life, there finally comes a time when you should take steps to … [Read more...] about How To Avoid Clipping Coupons and Pinching Pennies In Your Old Age