Comments for Financial Samurai http://www.financialsamurai.com Slicing Through Money's Mysteries Wed, 08 Feb 2012 19:18:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Should I Get Long-Term Care Insurance? by Thomas - Ways to Invest Money http://www.financialsamurai.com/2012/02/08/should-i-get-long-term-care-insurance/comment-page-1/#comment-61248 Thomas - Ways to Invest Money Wed, 08 Feb 2012 19:18:00 +0000 http://www.financialsamurai.com/?p=24350#comment-61248 My wife and I have been have this decision a lot recently. Her mom is older and we see that her grandmother lives with her mother and its just a lot. She is in her 60's working to cover both her and her mother. I dont want to be in a situation where my children have to worry about having enough money for both their parents and their own families. I dont currently have it but it brings to light that I should do more then just look around. Like Sunil I know I am my parents LTC provider. My wife and I have been have this decision a lot recently. Her mom is older and we see that her grandmother lives with her mother and its just a lot. She is in her 60′s working to cover both her and her mother. I dont want to be in a situation where my children have to worry about having enough money for both their parents and their own families. I dont currently have it but it brings to light that I should do more then just look around. Like Sunil I know I am my parents LTC provider.

]]> Comment on Should I Get Long-Term Care Insurance? by JR http://www.financialsamurai.com/2012/02/08/should-i-get-long-term-care-insurance/comment-page-1/#comment-61246 JR Wed, 08 Feb 2012 18:36:50 +0000 http://www.financialsamurai.com/?p=24350#comment-61246 My mother just went into a nursing home. Additionally, I used to work in various places in my region. Having that background, along with further education, I would offer to anyone looking at LTC placement some tips. First and foremost, talk to an attorney to plan as much as possible for the estate, et al. Things can get complicated, and sorting out what you can ahead of time helps. As to the actual facility itself. Visit as many places in whatever distance you are comfortable driving. Visit them all for comparison. Visit at all hours of the day: 6a.m., noon, midnight, etc. Talk to staff and clients; not just the admitting staff, ALL the staff- at least random staff. Then step outside the box and talk to hospital staff about any possibilities you've id'd. Talk to EMS personnel as well. Nurses and Doctors and Medics know things about facilities they might share- especially after you mention you are considering placing a loved one. My mother just went into a nursing home. Additionally, I used to work in various places in my region. Having that background, along with further education, I would offer to anyone looking at LTC placement some tips.
First and foremost, talk to an attorney to plan as much as possible for the estate, et al. Things can get complicated, and sorting out what you can ahead of time helps. As to the actual facility itself. Visit as many places in whatever distance you are comfortable driving. Visit them all for comparison. Visit at all hours of the day: 6a.m., noon, midnight, etc. Talk to staff and clients; not just the admitting staff, ALL the staff- at least random staff.

Then step outside the box and talk to hospital staff about any possibilities you’ve id’d. Talk to EMS personnel as well. Nurses and Doctors and Medics know things about facilities they might share- especially after you mention you are considering placing a loved one.

]]> Comment on Should I Get Long-Term Care Insurance? by krantcents http://www.financialsamurai.com/2012/02/08/should-i-get-long-term-care-insurance/comment-page-1/#comment-61245 krantcents Wed, 08 Feb 2012 18:20:17 +0000 http://www.financialsamurai.com/?p=24350#comment-61245 I bought LTC insurance a number of years ago to avoid this problem. I do not expect to go into a facility, but home care is expensive too. I was thinking of a pretty little Swedish girl who would cook for me, bathe me and tell me silly stories. She will need to be very near sighted and patient since I probablywill be difficult! They are expensive caretakers! I bought LTC insurance a number of years ago to avoid this problem. I do not expect to go into a facility, but home care is expensive too. I was thinking of a pretty little Swedish girl who would cook for me, bathe me and tell me silly stories. She will need to be very near sighted and patient since I probablywill be difficult! They are expensive caretakers!

]]> Comment on Should I Get Long-Term Care Insurance? by Evan http://www.financialsamurai.com/2012/02/08/should-i-get-long-term-care-insurance/comment-page-1/#comment-61244 Evan Wed, 08 Feb 2012 18:05:35 +0000 http://www.financialsamurai.com/?p=24350#comment-61244 It is interesting, the majority of people who end up purchasing LTCi (at least in my office) has had to pay for a parent's LTC. I think my parents are woefully underinsured but at this point it doesn't matter since both are uninsurable! It is interesting, the majority of people who end up purchasing LTCi (at least in my office) has had to pay for a parent’s LTC.

I think my parents are woefully underinsured but at this point it doesn’t matter since both are uninsurable!

]]> Comment on Stay At Home Men Of The World, UNITE! by Adam http://www.financialsamurai.com/2012/02/03/stay-at-home-men-of-the-world-unite/comment-page-1/#comment-61241 Adam Wed, 08 Feb 2012 17:09:57 +0000 http://www.financialsamurai.com/?p=25180#comment-61241 Amen, brother! Amen! I have been a stay at home dad of a two year old and an 8 month old for the last year. The looks that I get at the grocery store from other moms as I tickle my kids' bellies is priceless. The first question I am asked is "So, today must be your day off?" "No," I reply, "I do this every day." It's funny how stay-at-home dads are presumed to be unemployed men who cannot find a job, while stay-at-home moms are just that - stay-at-home moms. The truth is that my wife and I decided that it would be best for our family if I temporarily left my career to support hers and my children. At least I will always have the support and mutual respect of my fellow Junior Leaguers here in Newport Beach. Although my suggestion for a beer pong and mud wrestling fundraiser did not go over as well as I had hoped... Amen, brother! Amen! I have been a stay at home dad of a two year old and an 8 month old for the last year. The looks that I get at the grocery store from other moms as I tickle my kids’ bellies is priceless. The first question I am asked is “So, today must be your day off?” “No,” I reply, “I do this every day.” It’s funny how stay-at-home dads are presumed to be unemployed men who cannot find a job, while stay-at-home moms are just that – stay-at-home moms. The truth is that my wife and I decided that it would be best for our family if I temporarily left my career to support hers and my children. At least I will always have the support and mutual respect of my fellow Junior Leaguers here in Newport Beach. Although my suggestion for a beer pong and mud wrestling fundraiser did not go over as well as I had hoped…

]]> Comment on Financial Samurai Predictions for 2012 by Financial Samurai http://www.financialsamurai.com/2012/01/01/financial-samurai-predictions-for-2012/comment-page-1/#comment-61240 Financial Samurai Wed, 08 Feb 2012 16:56:46 +0000 http://www.financialsamurai.com/?p=24009#comment-61240 There's no point having a belief if you aren't willing to put even a slight wager on it no? We do that with our careers and our investments all the time! How about $100? There’s no point having a belief if you aren’t willing to put even a slight wager on it no? We do that with our careers and our investments all the time! How about $100?

]]> Comment on Financial Samurai Predictions for 2012 by headude http://www.financialsamurai.com/2012/01/01/financial-samurai-predictions-for-2012/comment-page-1/#comment-61239 headude Wed, 08 Feb 2012 16:20:04 +0000 http://www.financialsamurai.com/?p=24009#comment-61239 Were I a gambling man I would take you up on your offer...never have been. By the way, I noticed my previous reference to the website had a typo—it is shadowstats.com. Were I a gambling man I would take you up on your offer…never have been. By the way, I noticed my previous reference to the website had a typo—it is shadowstats.com.

]]> Comment on Should I Get Long-Term Care Insurance? by Sunil l Expedited Wealth Building through Entrepreneurship http://www.financialsamurai.com/2012/02/08/should-i-get-long-term-care-insurance/comment-page-1/#comment-61238 Sunil l Expedited Wealth Building through Entrepreneurship Wed, 08 Feb 2012 15:53:13 +0000 http://www.financialsamurai.com/?p=24350#comment-61238 I am my parents' long term care insurance, which means that I should get myself covered. I visited the topic last year but got distracted somehow. Will definitely get the coverage this year. Have you looked into providers? And if so what are some of the best and why in your opinion? Perhaps someone else can chime in on these as well??? I am my parents’ long term care insurance, which means that I should get myself covered. I visited the topic last year but got distracted somehow. Will definitely get the coverage this year.

Have you looked into providers? And if so what are some of the best and why in your opinion? Perhaps someone else can chime in on these as well???

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