Thursday, September 29, 2016

Social situations, when someone seems to have memory issues

A situation came up in a social conversation some time back, about how to react to an elderly person who keeps asking the same question repeatedly (short term memory). 

My own way to react is to talk about the subject matter (in one case it was sports) as if nothing unusual was happening.  Just repeat the facts.  Don’t draw attention to the interpersonal aspects. 

But it seems others think this kind of social situation needs special handling. 

Sunday, September 25, 2016

Long Term care premiums keep rising

Michelle Singletary has an important column “Tough questions about long-term care insurance” on the front page of the Washington Post business section Sunday, September 25, 2016.

Federal (and other retirees) are facing stiff increases in premiums for the same coverage, or accepting lower maximum monthly coverages, or lower lifetime payouts.  As people live longer the present value of the expected claims increases, so insurance companies continue to increase rates.

Some people are at risk of forfeiting everything they have spent on LTC premiums to date if they cannot afford the increases.

I still have a single premium policy bought from Lincoln Life in 2011.  It still sends a 1099 to me every year, but the income doesn’t count.

The New Jersey ElderLaw Center has a video on the income tax deductibility or exclusion of nursing home or home health aide expenses, and of taxation benefits paid from LTC policies, here.  

Thursday, September 08, 2016

AARP columnist addresses issue of responding to door-to-door salesmen

Sid Kirchheimer has some valuable columns at AATP on scams, recently door-to-door sales scams.
One such scam involves home security systems, as he explains on July 7, 2016 here.   He has a more recent column on p. 16 of the September (Vol. 57 #7) printed membership newsletter (not online yet), “Who’s that knocking” where he talks about a lot of other door-to-door scams.

On my “IT Job Market” blog, Aug. 15, 2016, I questioned whether door-to-door selling should even be a legitimate business practice today, given the practical home invasion risk.  But then, how do a lot of people even make a living if too many of the “haves” are hunkered down, with no one watching their backs.  In past generations, door-to-door was a legitimate occupation. Maybe no more.

In fact, a pest control contractor told me that “no trespassing” signs only attract (or perhaps anger) the more aggressive D2D sales people.  This presents, as they say in “The King and I”, a puzzlement.