Hey everybody. It's Victor Medina with Medina Law Group. You know, as everybody knows, we've been battling with COVID and all of the challenges that it brings. One of the things that we've been focusing in our office though, is on the advanced healthcare directives. And as most of you know, those are the documents[...]
On average, after age 60, financial literacy decreases by 1.5% per year. In today's episode, Victor discusses how to handle this idea moving forward in financial planning. Victor also talks through scammers using gift cards to finance fraud as well as the rise of nursing home expenses. Text QUESTIONS TO 609-554-5936 for a free report[...]
You may never step foot in a nursing home. That’s the big headline over at CNBC this month. Sounds like good news, right? Well, maybe not, when you consider the reason why you’ll never see the inside of a skilled nursing facility. It’s not so much that you won’t need to… you just won’t be[...]
While the families are happy to hear a longer prognosis, those extra years with their loved ones come at a profound financial cost, climbing toward a million dollars in some cases. This month, USA Today explains how a dementia diagnosis can easily add up to $730,000 for a typical family. Consider the following: The national[...]
Most of the research on dementia patients’ experiences has focused on hospitals and nursing homes. After all, those are the easiest sites to study. But many of America’s dementia patients receive their care in the privacy of their own homes. So what is the experience like for them? View image | gettyimages.com GeriPal, a popular[...]
Times are changing for nursing homes. View image | gettyimages.com For the last several decades, American residents and their families have generally expressed widespread dissatisfaction with the state of nursing home care. After all, the homes are universally expensive (and growing costlier all the time), and the ballooning bills sting all the more when prices[...]
As the average age goes up, so does the cost of getting older. U.S. News & World Report reveals that the median price for a private nursing home room in the United States has reached $91,250 a year — the highest we’ve ever seen. In New Jersey and Pennsylvania, meanwhile, the numbers are even higher[...]
The year’s first snowfall is always an exciting thing, but a little goes a long way. Here in New Jersey, of course, we get more than just a little. https://gty.im/459242996 For our state’s senior population, substantial snowfall can be a serious concern, and not just because of the cold weather. When blizzards become emergencies, issues[...]
Sometimes elder care feels a little bit like booking a hotel room. https://gty.im/467305389 As one of the world’s most widely recognized travel organizations, AAA offers discounted rates at big-name hotels all across the U.S. If you’re a member, you might be able to knock 10 to 15% off the rack rate. But those savings aren’t[...]
“You can’t sit with us.” https://gty.im/484149795 The classic line from 2004’s Mean Girls movie perfectly embodied just how cliquey and cruel high school life can be in the modern age. The film’s characters carped at each other over everything from boyfriends and girlfriends to fashion and cafeteria seating choices. But is nursing home life much[...]