Monthly Archives: June 2016

Market Volatility Following Britain’s Vote To Exit EU

Despite polls predicting British citizens would vote to remain in the European Union this past Thursday, they voted to end 43 years of EU membership by a narrow margin of 52 to 48 percent.1 Wall Street’s immediate, negative reaction to this historic event wasn’t surprising. Investors typically don’t respond favorably to significant change or uncertainty. While the long-term effects of the vote remain to be seen, an article in Friday’s New York Times said few… Read More »

June is Alzheimer’s and Brain Awareness Month

Alzheimer’s is one of our nation’s costliest diseases. According to the Alzheimer’s Association, total health care, long-term care and hospice payments related to Alzheimer’s disease and other dementias will total $236 billion in 2016. Sadly, afflicted individuals without adequate long-term care insurance frequently lose most, if not all, of their financial assets. But even dementias’ beginning stages and mild cognitive impairment experienced by healthy seniors can put personal wealth at risk. That’s why it’s important… Read More »

Could Your Children Be on the Hook?

Some retirees who don’t have long-term care insurance or adequate savings to cover an extended stay in a care facility might be jeopardizing their children’s future financial well-being. Twenty-nine states have archaic, filial responsibility laws on the books. Although rarely enforced, these laws can hold grown children responsible for impoverished parents’ financial support, and in some cases, medical and long-term care expenses. A small number of states even extend this responsibility to grandchildren. The states… Read More »

The Fastest Growing Crime Just Got Worse

President Obama has called identity theft the fastest growing crime in America. Most Americans recognize the dangers of financial information being compromised. Many are not aware of a greater threat: their medical records falling into the wrong hands. According to the latest study by the Medical Identity Theft Alliance, 2.32 million Americans have been victims of medical identity theft. What makes this so troubling is hospitals typically have low security, and healthcare records often include… Read More »