Components of Planning for Long Term Care

Personal Planning Steps

  • Assess Your Risk of Needing Long-Term Care Services: While you can never know for certain if you will need long-term care, assessing your risk factors can help you understand if you are at a higher or lower risk. Begin by talking with your doctor about whether you might be at increased risk based on your medical and family history or lifestyle choices. You will gain a better understanding of your risks, and your doctor may be able to help you decrease your risk.

  • Think about Where You Want to Receive Care: If you were to need care for an extended period, where would you want to receive it? One way to find out what services are in your community is by contacting the Administration on Aging's Eldercare Locator. at www.eldercare.gov.

  • Talk with Your Family: Do you have family (spouse, adult children, siblings) or friends who would want to or be able to care for you if you became ill or disabled for a long time? How do you think you would feel about relying on their help?

Filed under  //  care   long   long term   ltc   term  
Posted by Bryan Hays 

Buy-and-Hold May Be Dead For Stocks, But Not Bonds - CNBC

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Buy-and-Hold Might Be Dead For Stocks—But Not Bonds
CNBC.com | April 08, 2010 | 01:47 PM EDT

Buy and hold may be dying as a stocks strategy, but it's gaining new favor for those in the bond market.

With the United States facing an uncertain economic future and yields hovering around attractive valuation levels, some managers are beginning to advise clients to hold longer bonds and collect income rather than seeking principal return in the shorter term.

Most recently, Barclays Wealth told clients this week to change from a short-dated approach to bonds and start holding longer maturities.

The recommendation is based in part on yields that are approaching 4 percent for the benchmark 10-year note and 4.75 for the 30-year bond.

Barclays considers slow post-recession growth typical of the post-War War II economy as the most likely scenario. But it makes ready for the possibility that when government stimulus ends and as the Federal Reserve has no room to cut its funds rate, consumers will not be healthy enough to continue to generate growth and the economy could enter a double-dip period.

"It's a little atypical to say duration is portfolio protection," Elizabeth Fell, investment strategist for fixed income at Barlcays, said in an interview Thursday. "But given our secondary scenario where we have a double-dip, it's the right type of protection we are promoting."

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Filed under  //  bonds   buy   buy and hold   fixed   fixed income   hold   income   investments   long term   tax free   tax-free  
Posted by Bryan Hays