Increasing Long-Term Care Costs

Findings of a new report, the Genworth 2017 Cost of Care Survey, was just released by Genworth Financial. The findings: the median annual cost of a private room in a nursing home is $97,455 ($8,121/month); a semi-private room is $85,775 per year ($7,148/month); a home…

Top 4 Myths about POAs

We highly recommend that individuals complete a Durable Power of Attorney for Financial Matters (or a POA for short). This important document is priceless in the unfortunate event of incapacity and is relatively painless to put in place. Despite its usefulness, many are still wary…

Social Security Increase

A cost-of-living increase of 2 percent has been announced by the Social Security Administration. Approximately one in five Americans will receive the cost of living benefit in 2018 which is more than 70 million U. S. residents; these include Social Security recipients, disabled veterans and…

Name Confusion

Do you ever get confused and call Bill’s room John’s? Sometimes, our memories get all mixed up, especially in homes we have lived in for a long time and children have switched rooms. Do you say: “Susie, I mean Mary, I mean Joanie, dinner is…

New Medicare Cards

To protect Medicare recipients from fraud and identity theft, new Medicare cards will no longer have Social Security numbers on them. The new cards will automatically be mailed to all 58 million current beneficiaries beginning in April of 2018. The new cards will feature a…

Labor Day – Then and Now

Labor Day came about because workers felt they were spending too many hours and days on the job. In the 1830s, manufacturing workers were putting in 70-hour weeks on average. Sixty years later, in 1890, hours of work had dropped, although the average manufacturing worker still…