The Secret to a Happy Retirement

Remember the song “Don’t Worry, Be Happy?” What will make you happy in retirement? Is it traveling to far off destinations? Golfing five days a week? Fishing? Charity work? Church? Babysitting the grandkids? Your favorite hobby? These are the activities that you do in retirement. But what is it that really gives you peace of […]

New Changes to Medi-Cal Recovery Program

The most sweeping changes since 1993 are being made to the Medi-Cal recovery program. California’s aggressive recovery procedures have been punitive to the uninformed and unprepared especially with the expansion of the Medi-Cal health insurance program through Covered California. Governor Brown signed the budget bill on June 27, 2016. Contained within are provisions of SB […]

Baby Boomers Planning For Aging Parents

Have you ever noticed that time seems to go faster the older we get? For baby boomers, your parents suddenly get old and need help. It all happens so fast. That is why it is important to get your parents’ personal, financial and legal matters in order as soon as possible. Recently, a son came […]

Changes in LA County LTC Medi-Cal

There is only one office for long-term Medi-Cal application processing in Los Angeles County. It is located in the City of Industry. Not so long ago, we could directly call the Medi-Cal worker assigned to a case. No more. Now we have to call a customer service number and leave a message for the worker. […]

Easy fixes to CRISIS-PROOF your retirement plan

One of the most frustrating tasks is showing the trail of money when an account such as a certificate of deposit is closed. When a Medi-Cal application is submitted, Medi-Cal pulls up all of the past three years 1099’s even if you haven’t been filing your tax returns.If a 1099 shows up for an account […]

Tax Strategies for Caring for An Aging Parent

Caring for an aging parent is difficult – physically, emotionally and financially. To help ease the financial burden, there are little known tax deductions and tax credits available. One often over-looked tax strategy is to claim your parent as a dependent. This deduction will help to reduce your taxable income by $4,000 for 2015. THE […]

Simple Steps to Get Your Finances Organized for 2016

The chill of winter is in the air. With the change of seasons comes the time of year when seniors are more vulnerable to illness. Sometimes it means a hospital stay followed by rehab care then long-term care in a nursing home. With the average monthly long-term care facility costs from $7,000 – $10,000, many […]

Understanding the Medi-Cal Look Back Period

Many people today are unnecessarily spending down their hard-earned life savings paying for nursing home care. These funds could have been saved for the spouse still at home,children or grandchildren. Not being familiar with the rules can be a costly mistake. People’s life savings are being spent down because of a mistaken belief or incorrect […]

Is Your Power Of Attorney Outdated?

A critical part of protecting your assets in a healthcare crisis is making sure that the beneficiaries on your retirement accounts are correctly designated. Because you don’t know when or if a healthcare crisis will happen, it is vital that the beneficiaries on your retirement accounts like IRA’s, ROTH IRA’s, 403(b), 401(k), 457 deferred compensation […]

Maria Shriver and Rob Lowe Talk LTC (Long Term Care)

If you are a boomer with aging parents, you need to watch this video. Maria Shriver and Rob Lowe discuss their experiences with their parents' long term care.

Maria talks about dealing with her mom who fell, fractured her hip, and also had strokes. At the same time she was dealing with her dad who had Alzheimer’s

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