One of the worst things that can happen to someone is not knowing what benefits are available  to them and their families. Some people can go for years without knowing what resources are available and they can end up paying needlessly for care that may be covered. Lets talk about some of the resources that are available to people. Maybe “Veterans benefits” can help? If you served one day in the armed services during a war, World War 2, Korea, Vietnam, the Gulf war, Iraq, or Afghanistan, then you or your spouse can be covered up to over  $1800.00 per month. Qualifications can be based upon your health and assets, weather it is you or your wife etc. You can be at home, in an assisted living facility or in a nursing home it does not matter. You are allowed to seek qualified help in ascertaining what steps need to be met to qualify.

Another option is “Community care.” In California each county has provided some sort of help based upon your issues and assets. Some counties have much better programs than other counties. Some counties offer the PACE program. It is up to you to find out what is available for you. A good advisor can be very helpful in making sure you qualify for these programs.

Another method in California is “Medi-Cal.” This is a Federal and State program administered through each county that help ease the financial burden of the individual and family. Qualifications is based upon Income and assets and should be discussed with a qualified representative before you go to the Medi-Cal office and fill out an application. Many people have lost benefits here by not understanding the rules and regulations. Do not listen to your friends or other family members, or even your attorney. I have seen many attorney’s give terrible advise because some of them don’t understand all the options that are available to their client. It is your responsibility to contact someone who is up to speed with all the options that are available for you.

The system is set up in such a way that no matter the number of assets that you have they can all be preserved by taking action ahead of time. If you wait  to long you will lose some of those those hard assets. There is no need for this! This post is only touching the surface of what may be available for you and your family.

Questions: call me at 925 260-2695. I am here to serve you with referrals to good elder law attorneys, who know what their doing. I will give you solid advise on asset preservation and I can work with your attorney to get him or her up to speed.

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Why are people still on the sidelines waiting for the economy to change? This is the new global economy and for at least the next 5 to 10 years this is the way it’s going to be. There is no quick fix out there, and there is no way that you can get rich quickly. Instead of thinking where to invest, think how can you save what you already have and how can I prevent future losses. If you go back 20 years you will see that the economy is worst off now than it was then. There is no get rich quick investment trick, no way , no how. Stop fooling yourself and start smelling the coffee.

There is a way that over a 10 year period that you can turn taxable income into non-taxable income and get decent growth and guaranteed returns. You can start putting your money away here and not have sleepless nights. Yes, it takes at least 10 years to convert this and make it worthwhile. Otherwise you can stay with the same old “dog and pony show” that “Wall Street” has talked you into by their fancy graphs and underperformance and excuses that have plagued America for over 20 years now.

When I started the business we were told to bring in accounts and sell what the company told us to sell them. It made sense for the broker, but not the client. Its the same way today. The commissions were higher for us, but it didn’t benefit the client Things are a little different now. Now we have unqualified brokers who know how to steer you into destructive path by putting you at risk and blaming the system.I know people that should be used car salesman that are giving damaging financial advice. The broker is supposed to know what works, what’s safe, what to do when the market goes down. The SEC who have rules in place to prevent this sort of thing to happen, didn’t even know that for over 20 years Bernie Madoff had a Ponzi scheme going. Even though there were numerous complaints about him. How can that be? How can we have the failures of major corporations such as World Com., and Enron. How does this happen? The writing is on the “wall street,” wake up and smell the coffee. There are lots of positive options that I can show you that are guaranteed.

If you read my old blogs or listened to my old radio shows you can see that we were calling out to the public years ago. It all didn’t make sense and this recovery does not have the earmarks of making sense yet. When it does it will still take 10 years. My only concern is when the very wealthy get overtaxed that they go somewhere else to live and work and take more jobs and resources with them.

Stay well and prosper my friends. Send me a private email at aklfinancial@mac.com

Alan

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