Solution-Is medicaid a good option for him

Is medicaid a good option for him

Assignment Help Finance Basics

Reference no: EM133121643

You did such a great job finding your aunt a proper disability insurance policy that your uncle Jeff wants your help with his finances. He is 64 with about $1.5 million in an IRA. He also receives $1,500 per month in Social Security. He is comfortable living on $6,000 per month. Now, he is looking for a long-term care policy to cover him if he needs assisted living or nursing care. She would really like to stay somewhere nice and to be close to family. He also wants to make sure each of his 3 grandchildren inherits $200,000 when he dies. He wants a retirement community he could live independently in and then transition into care should the need arise. Address the following:

Is Medicaid a good option for him? Please explain your position with at least 2 reasons
Is Long Term Care a good option for him? Please explain your position with at least 2 reasons
Is Paying Cash a good option for him? Please explain your position with at least 2 reasons

Reference no: EM133121643

Questions Cloud

How much in new fixed assets are required : How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity.

What is the current price of the bond : Suppose a German company issues a bond with a par value of E1.000, 9 years to maturity, and a coupon rate of 7 percent paid annually.

Calculate the dividends per share on each class of stock : Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, Calculate the dividends per share

Calculate the annual end-of-year payments : Carters Company Limited has asked for the following information to assist with the decision making process. Calculate the annual, end-of-year payments

Is medicaid a good option for him : Is Medicaid a good option for him? Please explain your position with at least 2 reasons

Calculate the profit for the consignor for the units sold : The cost of shipping the play systems amounted to $1,500 and was paid by Japan Ideas. Calculate the profit for the consignor for the units sold

What is the present value of an ordinary annuity : What is the present value of an ordinary annuity that pays $150 for 3 years when the interest rate is 2%/year?

Prepare the company direct materials purchases budget : Prepare the company's direct materials purchases budget and schedule of expected cash disbursements for materials for the upcoming fiscal year

Good performance of a trading strategy : 1) A sharpe ratio significantly below 1 indicates a good performance of a trading strategy. True/False

User Account

All Pages

Is medicaid a good option for him

Reference no: EM133121643

Reference no: EM133121643

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT