Potential Financial Pitfalls for Someone Entering a Nursing Home

When facing the decision to put a loved one into a nursing home, the last thing you want to be concerned about is their safety and security. That’s true of financial and physical health. There are some financial pitfalls that you need to know about so you can protect your family.

Check out the full show notes by clicking here. 

Today's rundown:

0:28 – Dan is celebrating a milestone.

2:36 – Introducing today’s topic of elder abuse.

3:42 – The first thing you need to do with your parents or children if you’re getting older and a nursing home is in your future.

4:10 – It’s important to interview before putting someone in a nursing home.

5:00 – Be aware that some nursing homes offer financial seminars.

5:40 – Another thing that nursing homes might try to ask of you.

6:21 – Some of these facilities even have banks.

7:41 – A recent case Dan read about that had nursing home abuse.

10:51 – Getting to Know You segment: If you didn’t have to sleep, what would you do with that extra time?

13:14 – Mailbag question 1: I’m retired now and need income off my investment. Should I invest in dividend-paying stocks?