Tag: long-term care

The Retirement Regrets You Can Still Fix
November 29, 2024 Off

The Retirement Regrets You Can Still Fix

By The Admiral Staff

A recent University of Pennsylvania study surveyed nearly 1,800 older Americans about their biggest financial regrets. The top five regrets were: not saving enough for retirement (57%), not purchasing long-term care insurance (40%), not working longer (37%), not investing in an annuity (33%), and claiming Social Security too early (23%). The article suggests learning from these regrets and taking action now to improve financial security, such as maximizing retirement savings, considering long-term

Navigating Senior Care Costs: A Guide to Insurance and Financial Options
June 24, 2024 Off

Navigating Senior Care Costs: A Guide to Insurance and Financial Options

By The Admiral Staff

Finding appropriate senior living can be challenging and expensive, with costs varying widely depending on the type of facility and level of care needed. While health insurance typically doesn’t cover long-term care, several options exist to help offset costs, including Medicare (which may cover some medically necessary healthcare costs), Medicaid (which can offer vouchers), Veterans benefits, long-term care insurance, and tribal assistance programs. Other financial avenues to explore include life insurance policies, home equity loans, and caregiver tax credits. Consulting