Friday, August 15, 2008
A few days ago, my spouse and I met with our financial advisor. At one point, as we discussed an update to our long-term plan, she said to my spouse, "I hope you like your job," meaning that he shouldn't plan on retiring for a very, very long time.
You see, while we live more comfortably tha...
Laurie, thanks for this very good reminder of how important it is to take care of financial issues before the crisis. I think most of us are like you. Unless we have personal experience, it's hard to find the time or money for financial planning. My husband insisted that we get life insurance in our 20's, even before we had children because his father died suddenly at age 51 without insurance. Nevertheless, we didn't start thinking about long-term care insurance until later. We knew better than to try to get it for me right after my cancer diagnosis, but we did try about seven years later only to be denied because of my history with a Stage III cancer.
Hi Phyllis-
None of us wants to think about dying when we are young and well, I guess. And insurance companies make their money from insuring the healthy and gambling we will stay well.
I am sorry that you got caught in this particular, trap too.
Laurie