Money Clinic: How to Avoid Medicaid Estate Recovery

It is an unfortunate reality of aging. If we live long enough, we may eventually develop a chronic condition or illness that limits our ability to do some basic tasks. We might need help with household chores, shopping, money management, medications or transportation. Furthermore, we may need assistance with “activities of daily living” such as […]
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Money Clinic: Planning Financially for Long-Term Care

If financial planning and long-term care planning have not been done previous to the need for care, the burden usually falls on the caregiving family member. Decisions about how care will be paid for, who will be responsible for managing the estate as well as how the long term care will be given can cause […]
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Money Clinic: Economic Anomaly

The idea of “maintaining a standard of living,” has become a foundational bedrock in our society today. Americans, in general, have come to believe they are “entitled” to a certain type of house, car, and general lifestyle which includes NOT just the very necessities of living such as food, transportation, shelter, running water and electricity, […]
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Money Clinic: Compound Money Fractures

The addition of interest to the principal sum of a loan or deposit is called compounding. Compound interest is earning interest on interest. It is the result of reinvesting interest so that interest in the next period is then earned on the principal sum plus previously-accumulated interest. Unfortunately, many financial salespeople mislead you by selling […]
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Money Clinic: Financial Independence

As we will celebrate the 241st anniversary of the day our Founding Fathers finally came to an agreement on how to declare independence from the British Empire, it makes sense to realize the importance of becoming financially independent as well. Your agreement is the financial plan you have prepared to achieve all your life’s goals. […]
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