But her mother's health worsened and she had to stop working. This put a tremendous strain on her family's finances and reduced her future retirement benefits. But what else was she supposed to do?
These are tough times for many Americans. They are faced with taking care of their own finances and many times caring for their parents. Sometimes they are financially assisting their children. I guess that's why they call the Boomers "the Sandwich Generation."
Now there’s a tool that gives caregivers the right to be compensated by the sick parent and not have it looked upon as a gift by Medicaid. There's NO 5-year look-back if done with a personal service contract. This additional form of Medicaid planning has opened a new market for advisors dealing with clients who are caregivers. This is an opportunity to positively change lives and be rewarded handsomely in return.
Find out more about Personal Services Contracts today.
To learn how this "annuity-funded" personal services contract can help some of your clients, fill out the form to watch a free video, "Medicaid Planning."
Watch Raymond J. Ohlson, CLU - President & CEO of The Ohlson Group, Inc. interview Maureen Rulison - President of Medicaid & Financial Planning Services
of Florida.
