Middle-class maneuvers to avoid nursing home expenses are ‘legal shenanigans,’ some say.
By Ricardo Alonso-Zaldivar
Times Staff Writer
June 30, 2005
WASHINGTON — Congress is considering a crackdown on financial planning strategies increasingly favored by middle-class families to shift the cost of nursing home care for elderly parents onto the federal government.
Senate Finance Committee Chairman Charles E. Grassley (R-Iowa) [...]

By Karen Schaeffer
Schaeffer Financial, LLC
Evaluating Housing Options as We Age
Are you or any of your senior family members thinking about making a housing change? More and more pre and young retirees have a generation of older relatives still living. The young retiree is looking for housing geared to recreation and leisure activities while the [...]

Home equity loans are products getting increased attention as a means of meeting expenses among New Hampshire retirees. They’re good tools — if used cautiously. Used inappropriately, they can be devastating.
Many people are shocked to learn lifestyles have to change when they leave the workplace at 62 or 65. They no longer have the wages [...]

Arthur Gerold drew the attention of the local media to his New Hope home Monday, where U.S. Rep. Michael Fitzpatrick (R-8) announced the introduction of a piece of legislation he referred to as the “Reverse Mortgages to Help America’s Seniors Act.”
The bill, according to a prepared statement released on Fitzpatrick’s web site prior to [...]

By SARAH LARSON
The Intelligencer
Arthur Gerold lives in Solebury, but he’s not what you’d call rich.
He’s got no 401(k). No investments to speak of.
The only thing the 82-year-old costume designer and theater producer has is his house, which he said Monday is currently worth about $750,000.
“This is it. This is what I have, the only asset,” [...]