Would You Like the Cure For the
Three Biggest Financial Worries for Americans?
I'll bet you will answer yes to this
question. I will also bet that you know what these problems are and
that they worry you a lot.
To be specific, these problems are:
- Being wiped out due to a
nursing home stay.
- Having your estate needlessly
tied up in Probate, and eroded by attorneys and taxes.
- Incurring medical expenses
that will not be covered by Medicare, causing financial hardship
in your retirement years.
Not exactly fun topics.
Even though they are not fun to talk about, they must be addressed.
Some facts:
- 50% of all people over 65
will spend sometime in a nursing home, at an average cost of $2500
per month! (In today's dollars, think about inflation!)
- It usually takes at least
a year (or more) to settle probate, and can cost as much as 10%
of the estate in legal fees!
- Less than half of medical
expenses and less than 2% of nursing home expenses are covered by
Medicare!
Think about how
devastating any (or all) of these situations will be if they
happen to you.
Most people depend on financial advisors such as bankers,
insurance salespeople, accountant, etc. t o help them with their money.
The problem is that these individuals do not understand the real impact
of our society's lack of affordable health
management and cruel handling of our estates.
OK You realize that there are some major problems. You
read the paper, Money Magazine, AARP publications, etc. You watch
Financial News Network and CNBC. You try to keep up with the latest
news, but all the information is overwhelming
and confusing.
