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insurance Archives - Sharkey, Howes & Javer

“The Silver Tsunami” Costs of Long Term Care Services in Denver

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Helping a loved one navigate through the long term care puzzle can be emotionally draining, time consuming, and downright frustrating. In addition, learning about the associated costs can be like throwing salt on a very open wound. Unless a money tree is growing in the backyard, finding a way to pay for long term care costs can be a major struggle for families.

Thankfully, companies like Genworth do the research for us and provide Cost of Care Surveys to help us set appropriate expectations. Here are the annual median costs for the Denver* area for 2015:

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Thinking of Relocating When You Retire? Remember to Talk to Your Financial Planner

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Recently some of our clients came in for an annual review with Stephen Weatherby, CFP®. During their meeting they casually mentioned they were thinking of moving to a small mountain town in Colorado when they retire next year.

Little did they know, Stephen is well connected in the town they are considering moving to and immediately went to work researching on their behalf. Through his personal network he connected them with a trusted realtor, an attorney, and insurance agents. He even found short term storage facilities and an agent who specializes in short term rentals.

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Medicare: Wading Through the Alphabet Soup

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How did Medicare get started? Let’s see how you do on this quiz.

  1. Which U.S. President signed Medicare as a law? (source)
    Answer: Lyndon B. Johnson
  2. How many people signed up for Medicare in 1965, its first year? (source)
    Answer: 19 million
  3. Before Medicare was signed into law in 1965, how many revisions had been drafted? (source)
    Answer: Approximately 80 revisions, compromises, and alternatives.

With 80 revisions, you can quickly assess how difficult it was to create Medicare from the very beginning. Over time, the Medicare system has not decreased in complexity.

For many people, their 65th

birthday is an extra-special celebration because of Medicare enrollment. However, the wrapped gift of Medicare comes with a very confusing tangle of ribbons and bows.

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