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Is a million dollar retirement fund enough?

How much money is enough money to retire? That’s a question Seattle-area Elder Law Attorney, Rajiv Nagaich gets frequently on his radio show. Say, for instance, that you have $1 million in your retirement account? Is that enough? I’m going to use one of Rajiv’s expressions here and say, “it depends.” It depends upon what … Read more

Physical capabilities in midlife linked with survival

Researchers in a 13-year study that followed over 5,000 midlife adults found that a subject’s physical ability in midlife provided clues to whether they survived the next decade.  Subjects self-reported their physical ability for routine tasks such as grip strength, maintaining balance while standing and chair rise rate (the speed at which an individual goes … Read more

Doctor visits too short, too rushed

World News in Nursing Report ran an article about celebrating an increase in the average time doctors saw patients.  The increase was for 32 seconds longer.  That was in 2007.  The article was in response to consumer complaints that began at least as far back as 1995 that doctor visits were too short.  Even back … Read more

Student loans may go into default if co-signer dies or declares bankruptcy

Financial planners recommend that if you have to choose between financing your retirement and financing your child’s (or grandchild’s) education—choose your retirement.  That’s usually because it’s difficult for most people to do both and their retirement savings take a hit as a result.  But, if you are only thinking about co-signing a loan rather than … Read more

Appeals court holds that nursing home resident eligible for undue hardship exception despite penalty period

The cost of long-term care can exceed the ability of most families to pay for it (a skilled nursing facility can cost as much as $100,000 a year or more).  One option is to qualify for government benefits such as Medicaid.   Because Medicaid is a need-based benefit, people hoping to meet eligibility requirements often look … Read more

Should parents transfer their home to a child?

Are you considering transferring your home to your child while you are still alive?  Sometimes parents go this route because they want to reduce the taxable value of their estate; because they want to help their child out; because they want to qualify for Medicaid, or because they want to make sure the home stays … Read more

Studies investigate the effect of statins on cognition

In 2012, The Food and Drug Administration issued a warning linking the use of statins to memory loss and confusion unrelated to dementias such as Alzheimer’s disease.  Because of that warning, some experts recommended against the use of statins for the approximately 30 million, mostly older Americans, using statins to control cholesterol levels.  However, new … Read more

Should a long-term care policy be in your future?

I’ve recently turned 50.  In the spirit of celebrating that milestone, I started doing one thing new each week.  (I’ve since discovered there’s a book about that.)  Some of the new things I’m doing are fun (like learning how to make mozzarella) and some are not so fun.  That’s because 50 is the year for … Read more

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