Many of our clients have long-term care policies (LTC) or have discussed with us the need for a policy. The cost annually in Idaho can be as high as $90,000 for full-time skilled nursing care. For clients living in other parts of the country such as California or Oregon the cost can be as much as $120,000 annually. Because Medicare doesn’t cover any of this, and most of the individual’s assets need to be depleted before qualifying for Medicaid help, LTC coverage has historically been a popular option. But, as this article from Kaiser Health News illustrates, affordable policies are becoming difficult to acquire. Once again, thanks Andy, for forwarding this to us.
Long-Term Care Insurance: Less Bang, More Buck By Barbara Feder Ostrov
As we’re testing a few ways to keep you (our clients) informed it would be appreciated if you let us know if you find some posts particularly useful, or, if the info seems useful but the format is confusing, let us know if you have something else in mind.
Below is a list of indices and benchmarks shown to summarize how the various public stock and bond markets have done for the week, YTD (year-to-date), and for the past year. This is a weekly email from Payden & Rygel.
As seen in the table, some stocks have positive returns YTD, but small US companies (Russell 2000), technology (NASDAQ), and Europe (DJ Stoxx Europe 600) are still negative. All of the major indices are negative over the past 12 months. We consider market conditions over the past year to be normal fluctuations as supply and demand drive the prices and quantities for goods and services. China states that its target growth rate is 6.5%. The US economy continues to bounce along with approximate future growth expected to be around 2%. It’s not the go-go 90's, but it’s better than a stick in the eye.
If you have trouble reading the document you can use the magnifying glass at the bottom of the document or click here to open it full screen)
Have a great weekend! Welcome springtime!
The following is an article Sandra Clapp, an estate planning attorney in Eagle. We received this as part of a general email list that goes to her clients and fellow professionals. We’re posting this because it deals with the usual needs for revocable trusts; specifically in Idaho. For those living in other states different strategies may be appropriate. Idaho has a very simple process in most cases. As Mike’s known to say “Idaho is a good state to die in.”
Occasionally we like to post articles that give you some insight into how we form our opinions or stay informed.