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A Financially Secure Future
Oleh:
Barry, Colleen T.
;
Chesser, Delton L.
;
Harrison, Walter T., [Jr.]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Accountancy vol. 194 no. 6 (Dec. 2002)
,
page 53-60.
Topik:
FINANCIAL
;
financially
;
secure
;
future
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ85.15
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
What can ruin a well - planned retirement faster than a declining stock market ? The answer for many is an uninsured catastrophic illness or infirmity. A couple who work 40 years to accumulate a $300,000 net worth - hoping to retire in comfort - can become penniless in fewer than 3 years if years if one spouse gets sick and enters a nursing home. The cost of a three - year nursing home stay, plus a few extras, can easily top $300,000. This tragedy occurs more often than you might think. While many people will need long - term care, few plan for it. Elderly couples - those 65 years and older - who need long - term care represent a growing segment of our society. The Census Bureau reports that by 2050 one in five Americans may be classed as elderly. The 75 - plus age group will have the greatest need for health care, particularly long-term care, and thus its members must manage their finances carefully to meet these costs and enjoy an independent lifestyle during retirement. Clients rely on their CPA s to help them plan for the future. Many accounting firms offer a package of integrated services - income taxes, investments, estate planning and retirement income. CPA s who provide such services should not neglect to include the critical area of long - term care. Failure to plan for its cost can spell disaster. Here are some guidelines to help CPA s figure out who does and does not need LTC insurance.
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