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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Michael P. Michaud who wrote (7029)	12/31/2010 10:12:39 PM
From: Michael P. Michaud	Respond to of 34328

not bad for a hard working registered nurse working in northern maine!!!! praise jesus our lord for my choices in the stock market, as i could not have done this, this early in my career...i'm 49!! mike

To: Michael P. Michaud who wrote (7029)	12/31/2010 11:28:32 PM
From: Steve Felix	Respond to of 34328

Congrats on achieving the goals Michael. My daughters were the first in my family to go to college. It had to happen whatever it took. Still feels good! As a nurse you are right in there with health care issues. Some of what I feel comes from my wife who has been an LPN in a nursing home for over 21 years. County home with many patients with 0 $$. Too many people with no quality of life. I doubt any wish they had put off a good time when they could enjoy it and had saved the money instead. Happy 2011 to you and everyone!

To: Michael P. Michaud who wrote (7029)	1/2/2011 1:02:17 PM
From: Bread Upon The Water	Read Replies (3) \| Respond to of 34328

After watching my cousin lose her mother's beach home to the State (for the Medicaid supplement for the mother's long term care) I purchased a LTC policy for my wife and myself in our early 50's. I took out a policy without an inflation rider, but with a good benefit. At 65 I found that inflation had raised the costs to my benefit level and predicting use of the policy in my late 70's and/or early 80's I would need more benefit so bought supplemental polices with an inflation rider. If one is going to consider LTC insurance the advice I've read on it consistently recommends buying from reputable companies who have sold it for a long time and who are pricing it right (this means not the cheapest premium). Also, the average stay in LTC facilities is less than 4 years so one can reduce premiums by going for a 5 year policy (or even three year) and by extending the waiting period until the policy kicks in to 3 or 6 months. Additionally, one only needs purchase enough to supplement the difference between one's income and the cost. Considerations of how much one wants to leave to one's heirs kick in here also. Additionally, in the US, LTC premiums are tax deductible (if one is itemizing) once one's medical expenses (to include the premiums for LTC policies) exceed a certain percentage (7%?) of one's income. (Not sure whether it is AGI or GI).