Your Kids Could Pay the Price for Poor LTC Planning
Filial responsibility laws are state laws that can essentially hold adult children liable for their parent’s long-term care costs.
2 Top LPL Reps in NorCal Form $875M Group
John Hillis and Mike Allard merge their teams in the San Francisco Bay Area.
The Advisor-Client Relationship: Infinite Problems, Infinite Possibilities
Here are four common scenarios advisors encounter with clients and how to react.
LTC Product Sales Rise 12%: LIMRA
Stand-alone long-term care insurance accounted for only about 5.3% of the 2016 LTC product market.
2018 Social Security COLA to Be Wiped Out by Medicare Premium Hike
Most or all of the 2% COLA will be spent on the expected increase in Medicare premiums, according to The Senior Citizens League.
Americans Worried About Long-Term Care but Have No Plan to Pay For It: Genworth
Just a fifth of adults have taken action to finance long-term care needs, and half think someone else will pay, Genworth found.
Why Mutual Funds Are the Most Popular Investment for US Households: ICI
The mutual fund industry trade group reports that almost half of all U.S. households own mutual funds.
2018 Social Security COLA Is Biggest in Years
The cost-of-living adjustment for next year is the largest since 2012 and will affect more than 69 million Americans.
Time Running Out to Fix Social Security, Medicare: BPC
Further delays could mean deeper cuts in benefits or increases in taxes or both, according to a Bipartisan Policy Center report.
LTCI’s Death March Sparks Rise in Hybrid Products
The enduring need for funding LTC has sparked a relatively new line of hybrid products that combine LTCI with life insurance or an annuity.