MONEY: Long-term care insurance is fatal to retirement

Tuesday, October 19, 2010

http://www.ricedelman.com/cs/pressroom/pressroom_detail?pressrelease.id=1788

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Yes, this article is about long-term care insurance. As you know, the planners and I at Edelman Financial strongly encourage most of our clients to obtain long-term care insurance. AARP estimates that 70% of Americans who are age 65 today will require long-term care at some point; the average cost is currently $74,000 per year, and in many metropolitan areas the cost exceeds $125,000 annually, according to a 2010 nationwide survey of nursing homes by Genworth Financial.

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We’ve seen estates drained as well. Hopefully, everyone can have the old folks protect their life’s work. Argh! At the very least, Medicaid Trust.

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HARDWARE: Medicaid rules can’t keep up with technology

Tuesday, October 19, 2010

http://science.slashdot.org/story/10/10/16/1621227/Tablets-Are-Game-Changers-For-Special-Needs-Kids

Tablets Are Game-Changers For Special Needs Kids
by Soulskill

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theodp writes “The rise of mainstream tablets is proving to have unforeseen benefits for children with speech and communication problems and may disrupt a business where specialized devices can cost thousands of dollars. iPad apps like Proloquo2Go ($189) aim to help individuals with autism spectrum disorder (ASD), cerebral palsy, down syndrome, developmental disabilities, ALS, traumatic brain injury, aphasia, apraxia, and more. Even Steve Jobs didn’t see this one coming: ‘We take no credit for this, and that’s not our intention,’ said Jobs, who’s been touched by email he gets from parents of special needs kids for whom the iPad is proving to be a life-changer. ‘Our intention is to say something is going on here,’ Jobs added, suggesting that researchers should ‘take a look at this.’ Even though they might cost significantly less than dedicated devices, SUNY speech pathologist Andrea Abramovich explained Medicare doesn’t cover consumer tablets because they could be used for non-medical purposes.”

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How long before the politicians and bureaucrats wake up and update the Medicaid rules. Hmm, save money and preforms better. Seems like “obvious” to me. Argh! No wonder the Gooferment is held in such low regard. Might be useful for all sorts of unexpected things. That’s the beauty of the free market.

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POLITICAL: OBH44 draws on a different viewpoint; good for him. Kudos to her.

Tuesday, October 19, 2010

http://news.yahoo.com/s/afp/20101015/pl_afp/uspoliticsdiplomacy_20101015222922

Obama, Condoleezza Rice chat about foreign policy, books
– Fri Oct 15, 6:29 pm ET

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WASHINGTON (AFP) – US President Barack Obama met Friday at the White House with former secretary of state Condoleezza Rice for a chat on foreign policy and her new memoir, officials said.

Rice gave the president a “personalized copy” of “Extraordinary, Ordinary People: A Memoir of Family,” in which Rice describes her childhood in racially segregated Birmingham, Alabama, a White House spokesman said.

The Oval Office meeting marked the first time Rice has been back to the White House since former president George W. Bush left office.

They discussed “a range of national security issues, and we’re going to leave it at that,” said Tommy Vietor, a White House spokesman.

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Obama and Rice are both racial pioneers. He is America’s first African American president, and author of his own memoir “Dreams from My Father: A Story of Race and Inheritance,” and she is the highest-ranking black woman in the history of the executive branch of the US government.

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Asked to grade his foreign policy, she refused.

“I’ve said very many times that I may not agree with everything that the administration has done, but I also know that it’s a lot harder in there than it is out here,” she said.

“Nobody needs to have people who’ve been there chirping at you about what you’re not doing right, because you can’t possibly know the whole range of considerations on any given day unless you’re in.”

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That’s showing some sign of maturity. The President is in a bubble. He needs to hear different opinions. Especially form someone who’s been in the soup pot.

He moves up a notch in my opinion. (Not that anyone much cares about that.)

And she’s one classy lady. It’s too easy to Monday morning Qback. Like that line from the movie, “American President”, … “How’s the view from the cheap seats?”.

While I may disagree with just about everything BHO44 has chosen to do, I always remember I’m in the “cheap seats”.

His values aren’t mine. His results are his. We can certainly judge on the results. Sadly, the results are worse than one would have expected. But then Socialists will always disappoint. It comes from their roots. The first principle of Gooferment is force. And, things go downhill from there.

Argh!

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