Description
Social Security is changing. Medicare is changing. Medicaid is changing. Retirement planning is changing. It is imperative in order to survive financially to understand these confusing changes and make them work to your advantage. These issues particularly affect baby boomers caring for aging parents or planning their own retirement and financial future. This book shows you what to expect, what these changes mean and how to make these changes work to your advantage.Consumer finance expert and nationally syndicated radio host Steve Weisman begins with a complete guide to your retirement investment choices, from IRAs and 401Ks to the latest insurance products... even new techniques, such as reverse mortgages. Drawing on his exceptional expertise as a financial planner and attorney specializing in elder care issues, Weisman presents insights you can't find elsewhere: simply, painlessly, and with welcome humor.
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That elephant-inside-the-snake in the graphic describing the tabulation of the baby boomers is moving tailward, and the generation that changed education, working, marriage, and even giving birth is now heading toward retirement and the elements of health care associated with aging. Journalist Weisman (from radio's A Touch of Gray takes on the challenge of explaining to boomers how things stand at present, starting with money. He describes retirement plans, investing, annuities, income taxes, reverse mortgages and the effects of age discrimination, then covers planning for long-term care, including home care, assisted-living facilities, nursing homes, and insurance. The scariest material is on government programs such as social security, Medicare and Medicaid, followed by that on advance-care health directives, but knowing boomers, even then the party of intense personal preferences will go on. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)
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