Clark Howard talks long-term care insurance and real estate

Some interesting articles from Clark Howard’s website

How to pick solid long-term care insurance

Clark has long encouraged people in their late 50s and early 60s to consider buying long-term care (LTC) insurance, which pays for care in a nursing home, an assisted living facility or in your own home.

There’s a misconception that Medicare will pay for this kind of care, but it won’t. Medicaid, meanwhile, requires you to impoverish yourself before the government will pick up the tab for a nursing home. But what happens when you get better and suddenly you’re broke? LTC insurance takes the worry out of the equation. Read the full story.

Realistic expectations about the housing market

Are your expectations about the housing market unrealistic? Clark was recently stunned by a story in The Wall Street Journal that reported the average American thinks their home’s value is going to rebound in the next 6 months.

That’s not going to happen.

Housing prices around the country have fallen by huge amounts on average. The worst markets are down 35% year-over-year from peak to trough. More foreclosures in 2009 will mean continued pricing pressure on home values. Now that’s a realistic assessment.

So what does this mean to you and your house? Read the full story.

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