long term care

CBS This Morning: Care for the Elderly

Caregiving for elderly Americans can be a huge expense in time and money for their loved ones. A new report shows 20 percent of all caregivers say they spend more than 40 hours a week providing that help. For many, that's about the equivalent of a full time job and close to eight in 10 pay for the costs out of their own pockets. I joined CBS This Morning to discuss why the burden of taking care of elderly loved ones tends to fall disproportionately on one family member and particularly women.

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Informal Caregivers Footing the Bill

Informal Caregivers Footing the Bill

I have always had a special place in my heart for caregivers. According to a new study from The Associated Press-NORC Center for Public Affairs Research, family and friends are assuming more of the responsibility of caring for the nation’s growing senior population, often at the expense of their own personal and professional lives. For about one-quarter of these “informal caregivers,” the amount of time they spend providing care each week is the equivalent of a full-time job.

Insurance 101 with Policygenius

I love people and organizations who take complex financial issues and make them easier for the user.

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Few things are more complex than the insurance industry. And few organizations have managed to make it easy for the user to navigate the insurance landscape.

One such organization is Policygenius, a website that offers users an easy way to compare and buy various products such as life, auto, disability, and homeowners policies.

Today we’re lucky enough to be joined by Jennifer Fitzgerald, the founder and CEO of Policygenius.

For Fitzgerald, the business started with a simple question…”Why is buying insurance such a frustrating experience?”

As consultants to the top insurance companies, Fitzgerald and her partner suspected that this consumer problem was behind a lot of things they observed. It’s why life insurance ownership is at a 50-year low. It’s why health and disability under-insurance is behind most personal bankruptcies and home foreclosures. And it’s why they started Policygenius.

Their mission is simple: “To get people the insurance coverage they need and make them feel good about it.”

That means they thoughtfully built their business for every type of insurance consumer who may come their way:

  • Detail-oriented? They building the best insurance content library out there
  • More of a big picture person? Their Insurance Checkup is the best (and only) big picture tool around
  • Convenience shopper? They’re building a one-stop shop. If you need life insurance and pet insurance, you shouldn’t have to go to a bunch of different sites.
  • Skeptic? They’re an independent site and not affiliated with any insurers. They’ll provide you with choice and the information you need to make the right decision.

It’s a rare treat to be joined by somebody who is truly excited about the insurance industry!

“Better Off” is sponsored by Betterment.

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Presence with Amy Cuddy + Long-Term Care

Have you subscribed to our podcast, Better Off?  It's very similar to the radio show so check it out!

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We started the show with Deb from Anchorage, Alaska who got up bright and early to ask us a question about long term-care insurance.  It was a good call that required two segments.

Also, how do you find a fiduciary? We'll tell you how.

We finished up the first hour with the great email purge of 2018! 

Life is full of challenges, both personally and professionally.

Today’s interview in hour two with Amy Cuddy is the perfect example. It took a full year to pin her down, and that’s no exaggeration! But Amy was well-worth the wait. I was enchanted with her from the start of our conversation.

Have you ever left a nerve-racking challenge and immediately wished for a do over? Maybe after a job interview, a performance, or a difficult conversation?

The very moments that require us to be genuine and commanding can instead cause us to feel phony and powerless.

Too often we approach our lives' biggest hurdles with dread, execute them with anxiety, and leave them with regret.

By accessing our personal power, we can achieve "presence," the state in which we stop worrying about the impression we're making on others and instead adjust the impression we've been making on ourselves. Does this sound a bit out there to you? RELAX...Amy breaks it down in a way that resonates.

We don't need to embark on a grand spiritual quest or complete an inner transformation to harness the power of presence. Instead, we need to nudge ourselves, moment by moment, by tweaking our body language, behavior, and mind-set in our day-to-day lives. To get started, consider this: “Listening is crucial to presence...Real listening can’t happen unless we have a sincere desire to understand what we’re hearing.”

Amy Cuddy has galvanized tens of millions of viewers around the world with her TED talk about "power poses."

With the paperback release of her bestselling book, Presence, she teaches us how to use simple techniques to liberate ourselves from fear in high-pressure moments, perform at our best, and connect with and empower others to do the same.

Have a money question? Email us here or call 855-411-JILL.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Long Term Care: Beware the Elder Care Attorney

Long Term Care: Beware the Elder Care Attorney

Long-term care is a tricky issue that is likely to impact a majority of Americans. According to the government, 70 percent of people turning age 65 can expect to use some form of long-term care during their lives. Although most of the care comes from unpaid caregivers (generally family members or friends), those who require more care are finding that the cost is rising.