CD Financial March 2019

PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

INSIDE 1 30270 Rancho Viejo Road Suite D San Juan Capistrano, CA 92675

How to Make the Most of Your TSP

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Why Charities Hate Spring-Cleaning

3 Great Opening Days in Baseball

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Llamas, Pigs, and Horses … Oh, My! Everything Popcorn

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Considering the Costs of Home Care

CREATING A HOME CARE PLAN

To Live Your Best Retirement

When retirement approaches, you may be thinking about the freedom you’ll

In most cases, neither Medicare or Medicaid covers in-home care. There are some exceptions, like home- and community-based services that are state and locally funded and cover those who qualify through Medicaid. If you or your spouse are veterans and meet the requirements, you may be eligible for aid and attendance benefits. These benefits are paid for by the VA in addition to a veteran’s monthly pension. It may cover the costs of in-home care for veterans who require the aid of another person or are housebound. Visit Benefits.va.gov to learn more. Still, you may not want to rely on qualifying for one of these services. Consider adapting your estate plan to include designated in-home care. Meet with your attorney to review your living trust and see if it addresses a caregiver. Talk to your family members and loved ones about the possibility that you or your spouse may need this service. While a family member may offer to step into that role, consider how easily they will be able to carry it out. Even a part-time caregiver could provide you with support and make your family members feel like they are not doing it alone. Planning for the possibility that you may need in-home care services can help make your retirement even more enjoyable. Knowing you’ll have a close helping hand can ease your family’s worries and even strengthen your bond.

enjoy after putting in your last nine-

to-five. It’s a culmination of years of hard work and a cause for

celebration!

Before you get to celebrate, though, it’s important to consider what kind of support you might need down the road. With our generation living longer than

our parents, there’s a possibility that we may require additional support services. You and your spouse may not know if either of you will need in-home care, but considering this possibility and the financial factors that come with it can help you better enjoy this exciting phase of your life.

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