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stay in home: Seniors in Kansas City: Is the Medicare Medicaid Combo the Best Plan for Your Long Term Care? - 07/21/08 09:14 AM
The great unknown for all of us will we need to be cared for in our later years?  A Gallup poll said 76% of Americans believe they will never need nursing home care, assisted living or any other long term care service.
Unfortunately, the reality of the situation paints a much different picture. Life expectancies are up. According to the Center for Disease Control in 2004 the life expectancy for a 65 year old male is 82.1 and a 65 year old female is 85.  So if you make it to retirement age the chances of living a long life are … (2 comments)

stay in home: Seniors in Kansas City: Would Having a Growing Nest Egg to Fall Back on Give you Additional Security and Peace of Mind? - 07/17/08 09:21 AM
One of the biggest concerns of seniors in Kansas City is having an emergency fund that they could easily tap if needed.  Many feel it would give them additional security and more importantly peace of mind so they can sleep better at night.
What if there was a way to have an emergency fund or nest egg that is "GUARANTEED" to grow tax free every year? (The 20 year average growth rate is 6.54%)  Would that give you the peace of mind to allow you to sleep better at night?
Imagine living your "Golden Years" without the stress of living with … (0 comments)

stay in home: Seniors in Kansas City: Is Staying in Your Home for Life Still Important? - 07/16/08 01:02 PM
One survey said 80% of seniors want to stay in their home for the rest of their life.  Really, only 80%, I would have thought it would be 100%.  Is staying in your home for the rest of your life important to you?
If it is then continue reading.
Staying in your home for life is much tougher to do now that it was for your parents or grandparents. Life expectancies are up- a 65 year old woman has a life expectancy of 83 and a 90 year old today is expected to live almost another 8 years.  With that longer … (0 comments)

stay in home: Seniors in Kansas City: Should I sell my home and rent something smaller? - 07/09/08 10:18 AM
Another option given by the media and other financial advisors to the question of how can seniors in Kansas City make ends meet in retirement is to sell their house and rent something smaller.
Assuming you have an $180,000 house if sold would net 90% after selling costs and seller concessions that would leave you with $162,000.  If that was invested into a conservative investment that earned 5% after taxes and the strategy is to use that money to pay the rent every month plus pull out the amount the taxes and insurance would have been on the house.
If you … (0 comments)

 
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Kurt Jackson

Kansas City, MO

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KJ Financial

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