There’s a lot of fear surrounding long-term care. Quoted statistics fuel the angst about this unknown. When articulated, the horror involves living out one’s last days abandoned and suffering in a poorly-run nursing home. Alternative dreads include spending down family assets to pay for quality care or leaching the joie de vivre from family members by asking them to provide care.
A frequently promoted solution to relieving this anxiety is long-term care insurance. There are many variables to living and dying, along with changeable elements in the cost and nature of insurance and care. I won’t predict what might happen or cover all aspects of long-term care and insurance today. But I’ll offer insights into the basics of planning for long-term care.
This article may contain affiliate links; there’s a possibility I could earn income when you click through one of these links and sign up for an account, make a purchase, etc. This article is written for entertainment purposes only and should not be construed as financial or any other type of professional advice. A few … Continued
In The Intelligent Investor, Graham outlines suggested requirements for defensive investors (aka passive investors) in selecting stocks and building a stock portfolio. These guidelines could be passed along to a financial advisor as a way of specifying requirements. The big idea is to develop a checklist or screen of some sort that enables me to rely on reason rather than emotion when buying and selling stocks. Here we’ll consider how to find large, prominent, and conservatively financed companies.