To All Federal Employees and Retirees
ELDERCARE: PROTECTING YOUR AGING PARENTS’ ASSETS AND
PRESERVING YOUR OWN INHERITANCE-JUST PUBLISHED FOR 2003!
Dear FEDweek Reader:
I wanted to let you know that we have just published
the-ALL NEW FOR 2003-Eldercare: Protecting Your Aging
Parents’ Assets and Preserving Your Own Inheritance. This
has been one of our best selling publications and it has
just been updated with all new information. This book
contains eye opening information, written in plain-English
by our veteran team of estate planning experts, that
really helps you protect your aging parents’
(or grandparents’) well-being and assets in their
golden years.
This past year, over 25,000 copies of this special
handbook have been sold to our readers and we have
received wonderful feedback and response from you and
your parents. Please pass this information onto your
colleagues, friends and family. It’s really a
fantastic book! Thanks for reading FEDweek!
Sincerely,
Don Mace
Publisher, FEDweek
ELDERCARE: PROTECTING YOUR AGING PARENTS’ ASSETS AND
PRESERVING YOUR OWN INHERITANCE-Just Revised for 2003!
There was a time in most of our lives, when our parents helped us to learn how to take of ourselves and how to handle money responsibly. Today, in many cases, the tables have turned. Most of us will become the caretakers of our elderly parents and in-laws. And as difficult as it may be to discuss money and other financial matters, it’s crucial if we are to ensure the security and comfort of our parents in their golden years.
Financial matters, ranging from investments and insurance to housing, health care and tax planning, are complicated enough for anyone, young or old. But your parents, who may be in declining health, will quite likely be ill-equipped to make the right decisions. In fact, they may be vulnerable to scam artists who prey on the elderly and intentionally talk them into poor financial decisions. That’s why we’ve just published (All New for 2003): Eldercare: Protecting Your Aging Parents’ Assets and Preserving Your Own Inheritance. Inside this all new guide you’ll find:
- Tell-tale signs that your parents need help with their finances
Quick tips to getting started on managing your parents’ finances
- How to handle reluctant and incapacitated parents
- Why daily money management is a growing eldercare industry
- Housing and long-term care facility choices for the elderly
- Should you sell or keep the family home or buy or rent a new home?
- How to stay clear of con artists
- Special considerations for surviving spouses and remarriages
- How your parents can become your own elderly tax shelter
- The ramifications of selecting survivor’s benefits
- How to get the most out of you parents’ Social Security benefits
- How your parents become eligible for delayed retirement credits
- How to avoid the marriage penalty
- What’s best for them, IRA rollover, lump-sum payout or annuity?
- Plain-English advice on your parents’ mutual funds, stocks and bonds
- Many proven ways to stretch retirement income
- An explanation of how the new federal long-term care insurance program
might protect your aging parents-and why you should shop around before
enrolling them.
- Updates on the cost of nursing home and at-home care, along with techniques for reducing your parents’ exposure.
- An exclusive comparison of the three government programs (updated for 2003) most important to your elderly parents: Social Security, Medicare, and Medicaid.
- Practical tips on how your parents can save money-from mail order and Internet opportunities to buying from Canada-on prescription drugs right now instead of waiting for Congressional action on a Medicare drug benefit.
- Complete coverage of how the 2001 tax law affects your parents in such areas as income tax reduction and estate tax planning.
- Strategies for IRA inheritance planning, taking into account the IRS regulations issued in 2002.
- Tips on helping your parents position their investment portfolio to recover from the 2000-2002 bear market.
- The latest information on low-tax states, and up-to-date figures on the value of claiming your parents as dependents-and how to lock in those deductions.
- And much more!
ALL NEW FOR 2003!
Here’s a look at the ALL NEW table of contents for Eldercare: Protecting Your Aging Parents’ Assets and Preserving Your Own Inheritance:
I. GETTING PERSONAL WITH YOUR PARENTS
II. FOCUS ON FINANCES
Clearing Up the Confusion
Portfolio Power
The Pocket-to-Pocket Method
Automatic Transmission
Breaking the Bank
A Farewell to Munis
A Less-Taxing Retirement
The Annuity Answer
Proceed with Caution
Keep the Cash Flowing
Withdrawals Without Pains
Exit Strategies
Look Before Leaping
Immediate Gratification
Real Shelter
Roth IRA Rewards
III. HEALTH CARE CONCERNS
Filling the Medigap
Holes in the Safety Net
Deciding Factors
For Federal Retirees
Prescriptions for Cost Savings
Unhappy Endings
Simple Solutions
Worst-Case Scenarios
Sophisticated Strategies
Don’t Be Boxed In
Preparing a Plan
Costly Care
Care Packages
Federal Insurance for Your Folks
Paring the Premiums
Travel First Class
Mix and Match
Payback Policies
Paid By Medicaid
A Time for Trusts
In Case of Emergency
IV. SAFE AT HOME
Aging in Place
Help Wanted
Drafting a Quarterback
Keep the Fires Burning
Home Work
Plan Ahead
Be Prepared
Spreading the Word
Final Thoughts
Safe Havens
Middle Ground
Community Choice
In the Money
Proceed with Care
Fact Finding
Health Skepticism
Accentuate the Positive
Searching through Cyberspace
V. ESTATE PLANNING FOR EVERYONE
Deciding Factor
Last Wishes
Policy of Philanthropy
Pay Once, Not Twice
IRA Instructions
Post-Mortem Protection
VI. TAXING MATTERS
Win the Giveaway Game
All in the Family
Easing Up on IRAs
Inherit the Windfall
Better than Birthday Gifts
Deductible Dependents
Sharing the Wealth
Take Credit
