Viking Magazine - February 2012 - 29
Making sure you have
adequate medical insurance,
disability insurance and longterm
care coverage can protect
you from the fi nancial fallout of
medical expenses, says Richard
Hoe, a chartered fi nancial
consultant and owner of
Richard Hoe Investments, LLC
in Tulsa, Okla. When you are
working, disability insurance
protects you from fi nancial
risk in the event of a disability.
Most people who are retired
don't have disability insurance,
but their attention should
turn instead to long-term care
insurance, advises Hoe.
Research shows that
Americans have a 45 percent
chance of needing some kind
of long-term care in their
lifetime-a nursing home,
assisted living or home
modifi cation. A couple would
face about a 60 percent chance
that at least one spouse would
need this kind of care. " It's
critically important if you are
going to plan for the future that
you have some long-term care
coverage, " Hoe says.
Also, get health care directives
and power of attorney papers
in order so if you become
incapacitated, your wishes are
followed, suggests Hoe. " You
have to give people the right
to make these decisions, " says
Hoe, adding that prolonged
measures to keep a terminal
patient alive can be costly.
While Medicare coverage
is usually a step up in
comprehensive coverage for
seniors, many have additional
expenses that they should be
prepared to cover. Supplemental
insurance, such as cancer
insurance, can provide protection
for substantial medical expenses,
and Hoe suggests consumers
shop around for the best plan
to fi t their budget and needs.
Also, make sure some of your
investments are conservative
and liquid so you can pay for
healthcare costs.
8DK:G6<: 8G>H>H
6bZg^XVch l]d adhi ZbeadnZg ]ZVai] ^chjgVcXZ ^c '%&%/
57%
7:86B:
JC>CHJG:9
14%
25%
;djcY Vcdi]Zg hdjgXZ d[
]ZVai] ^chjgVcXZ XdkZgV\Z
Ancc 7VgicZhh
;78 Hdch d[ CdglVn
6aWZgi AZV! B^cc#
© 6k^Y \da[Zg
© :c_dnh heZcY^c\ i^bZ l^i]
]^h ild \gVcYX]^aYgZc
>i¿h a^`Z lVa`^c\ V i^\]i gdeZ l]Zc ^i
XdbZh id ]ZVai] ^chjgVcXZ# :kZgnWdYn
lVcih i]Z WZhi XdkZgV\Z [dg i]Z aZVhi
Vbdjci d[ bdcZn# >¿kZ hZZc ^i l]ZgZ eZdeaZ
]VkZ cdi ]VY hj[È X^Zci XdkZgV\Z! ]VY W^\
XaV^bh VcY lZgZ hijX` l^i] h^oVWaZ W^aah# >i¿h
]VgY id È cY i]Z g^\]i Xdbbdc \gdjcY# Ndj
lVci id `ZZe ndjg Xdhih ^c a^cZ! Wji i]Z Xdhi
d[ egZb^jbh `ZZeh \d^c\ je#
Ndj gZVaan cZZY i]Z egdiZXi^dc# >[ ndj
i]^c` VWdji ^i³^i bVn Xdhi+%% V bdci]
[dg V ]ZVai] eaVc VcY ndj cZkZg jhZ ^i#
7Z ]Veen ndj Y^Yc¿i ]VkZ id jhZ ^i# L^i]
(%% V bdci] VcY V aZhhZg eaVc ndj bVn
WZ hijX` l^i] V W^aa# >[ ndj \d [dg i]Z
]^\]Zg YZYjX^WaZ! Vi aZVhi bV`Z hjgZ ndj
]VkZ XdkZgV\Z [dg XViVhigde]^X ZkZcih#
Ndj cZZY egdiZXi^dc [gdb i]dhZ W^\
XaV^bh# >[ ndj Ydc¿i! Vaa ndjg hVk^c\h XVc
ZVh^an WZ l^eZY dji l^i] dcZ ^aacZhh#
8dci^cjZY i]Z^g _dW " WVhZY
XdkZgV\Z i]gdj\] 8D7G6
L]^aZ BZY^XVgZ ^h V \ddY i]^c\! hdbZ
hZc^dgh hVn i]Zn Ydc¿i lVci id eVn ZmigV
[dg hjeeaZbZciVa XdkZgV\Z# >i¿h VWdji ]dl
bjX] g^h` ndj VgZ l^aa^c\ id iV`Z# I]^c` ^[
ndj ]VkZ Vcni]^c\ Xdb^c\ je dc i]Z ]dg^ "
odc! hjX] Vh V WVY `cZZ i]Vi l^aa ZkZcijVaan
cZZY ViiZci^dc# IVa` id V adXVa ^cYZeZcYZci
V\Zci l]d ]VcYaZh bdgZ i]Vc dcZ d[ i]Z
BZY^XVgZ hjeeaZbZcih dg VYkVciV\Z eaVch
id Y^hXjhh i]Z egdh VcY Xdch d[ i]Z dei^dch#
HDJG8:/ 8DBBDCL:6AI= ;JC9 '%&% 7>:CC>6A =:6AI= >CHJG6C8: HJGK:N
hdchd[cdglVn#Xdb K>@>C< ;:7GJ6GN '%&' 29
ask an expert
Viking Magazine - February 2012
Table of Contents for the Digital Edition of Viking Magazine - February 2012
Contents
Viking Magazine - February 2012 - Cover1
Viking Magazine - February 2012 - Cover2
Viking Magazine - February 2012 - Contents
Viking Magazine - February 2012 - 4
Viking Magazine - February 2012 - 5
Viking Magazine - February 2012 - 6
Viking Magazine - February 2012 - 7
Viking Magazine - February 2012 - 8
Viking Magazine - February 2012 - 9
Viking Magazine - February 2012 - 10
Viking Magazine - February 2012 - 11
Viking Magazine - February 2012 - 12
Viking Magazine - February 2012 - 13
Viking Magazine - February 2012 - 14
Viking Magazine - February 2012 - 15
Viking Magazine - February 2012 - 16
Viking Magazine - February 2012 - 17
Viking Magazine - February 2012 - 18
Viking Magazine - February 2012 - 19
Viking Magazine - February 2012 - 20
Viking Magazine - February 2012 - 21
Viking Magazine - February 2012 - 22
Viking Magazine - February 2012 - 23
Viking Magazine - February 2012 - 24
Viking Magazine - February 2012 - 25
Viking Magazine - February 2012 - 26
Viking Magazine - February 2012 - 27
Viking Magazine - February 2012 - 28
Viking Magazine - February 2012 - 29
Viking Magazine - February 2012 - 30
Viking Magazine - February 2012 - 31
Viking Magazine - February 2012 - 32
Viking Magazine - February 2012 - 33
Viking Magazine - February 2012 - 34
Viking Magazine - February 2012 - 35
Viking Magazine - February 2012 - 36
Viking Magazine - February 2012 - 37
Viking Magazine - February 2012 - 38
Viking Magazine - February 2012 - 39
Viking Magazine - February 2012 - 40
Viking Magazine - February 2012 - 41
Viking Magazine - February 2012 - 42
Viking Magazine - February 2012 - 43
Viking Magazine - February 2012 - 44
Viking Magazine - February 2012 - 45
Viking Magazine - February 2012 - 46
Viking Magazine - February 2012 - Cover3
Viking Magazine - February 2012 - Cover4
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-nov-dec-2024
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-jul-aug-2024
https://www.nxtbook.com/greenspringmedia/viking/may-jun-2024
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-mar-apr-2024
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-jan-feb-2024
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-nov-dec-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-sep-oct-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-jul-aug-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-may-jun-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-mar-apr-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-november-2011
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-jan-feb-2023
https://www.nxtbook.com/mspc/viking/202212
https://www.nxtbook.com/mspc/viking/202211
https://www.nxtbook.com/mspc/viking/202210
https://www.nxtbook.com/mspc/viking/202209
https://www.nxtbook.com/mspc/viking/202208
https://www.nxtbook.com/mspc/viking/202207
https://www.nxtbook.com/mspc/viking/202206
https://www.nxtbook.com/mspc/viking/202205
https://www.nxtbook.com/mspc/viking/202204
https://www.nxtbook.com/mspc/viking/202203
https://www.nxtbook.com/mspc/viking/202202
https://www.nxtbook.com/mspc/viking/202201
https://www.nxtbook.com/mspc/viking/202112
https://www.nxtbook.com/mspc/viking/202111
https://www.nxtbook.com/mspc/viking/202110
https://www.nxtbook.com/mspc/viking/202109
https://www.nxtbook.com/mspc/viking/202108
https://www.nxtbook.com/mspc/viking/202107
https://www.nxtbook.com/mspc/viking/202106
https://www.nxtbook.com/mspc/viking/202105
https://www.nxtbook.com/mspc/viking/202104
https://www.nxtbook.com/mspc/viking/202103
https://www.nxtbook.com/mspc/viking/202102
https://www.nxtbook.com/mspc/viking/202101
https://www.nxtbook.com/mspc/viking/202012
https://www.nxtbook.com/mspc/viking/202011
https://www.nxtbook.com/mspc/viking/202010
https://www.nxtbook.com/mspc/viking/202009
https://www.nxtbook.com/mspc/viking/202008
https://www.nxtbook.com/mspc/viking/202007
https://www.nxtbook.com/mspc/viking/202006
https://www.nxtbook.com/mspc/viking/202005
https://www.nxtbook.com/mspc/viking/202004
https://www.nxtbook.com/mspc/viking/202003
https://www.nxtbook.com/mspc/viking/202002
https://www.nxtbook.com/mspc/viking/202001
https://www.nxtbook.com/mspc/viking/201912
https://www.nxtbook.com/mspc/viking/201911
https://www.nxtbook.com/mspc/viking/201910
https://www.nxtbook.com/mspc/viking/201909
https://www.nxtbook.com/mspc/viking/201908
https://www.nxtbook.com/mspc/viking/201907
https://www.nxtbook.com/mspc/viking/201906
https://www.nxtbook.com/mspc/viking/201905
https://www.nxtbook.com/mspc/viking/201904
https://www.nxtbook.com/mspc/viking/201903
https://www.nxtbook.com/mspc/viking/201902
https://www.nxtbook.com/mspc/viking/201901
https://www.nxtbook.com/mspc/viking/201812
https://www.nxtbook.com/mspc/viking/201811
https://www.nxtbook.com/mspc/viking/201810
https://www.nxtbook.com/mspc/viking/201809
https://www.nxtbook.com/mspc/viking/201808
https://www.nxtbook.com/mspc/viking/201807
https://www.nxtbook.com/mspc/viking/201806
https://www.nxtbook.com/mspc/viking/201805
https://www.nxtbook.com/mspc/viking/201804
https://www.nxtbook.com/mspc/viking/201803
https://www.nxtbook.com/mspc/viking/201802
https://www.nxtbook.com/mspc/viking/201801
https://www.nxtbook.com/mspc/viking/201712
https://www.nxtbook.com/mspc/viking/201711
https://www.nxtbook.com/mspc/viking/201710
https://www.nxtbook.com/mspc/viking/201709
https://www.nxtbook.com/mspc/viking/201708
https://www.nxtbook.com/mspc/viking/201707
https://www.nxtbook.com/mspc/viking/201706
https://www.nxtbook.com/mspc/viking/201705
https://www.nxtbook.com/mspc/viking/201704
https://www.nxtbook.com/mspc/viking/201703
https://www.nxtbook.com/mspc/viking/201702
https://www.nxtbook.com/mspc/viking/201701
https://www.nxtbook.com/mspc/viking/201612
https://www.nxtbook.com/mspc/viking/201611
https://www.nxtbook.com/mspc/viking/201610
https://www.nxtbook.com/mspc/viking/201609
https://www.nxtbook.com/mspc/viking/201608
https://www.nxtbook.com/mspc/viking/201607
https://www.nxtbook.com/mspc/viking/201606
https://www.nxtbook.com/mspc/viking/201605
https://www.nxtbook.com/mspc/viking/201604
https://www.nxtbook.com/mspc/viking/201603
https://www.nxtbook.com/mspc/viking/201602
https://www.nxtbook.com/mspc/viking/201601
https://www.nxtbook.com/mspc/viking/201512
https://www.nxtbook.com/mspc/viking/201511
https://www.nxtbook.com/mspc/viking/201510
https://www.nxtbook.com/mspc/viking/201509
https://www.nxtbook.com/mspc/viking/201508
https://www.nxtbook.com/mspc/viking/201507
https://www.nxtbook.com/mspc/viking/201506
https://www.nxtbook.com/mspc/viking/201505
https://www.nxtbook.com/mspc/viking/201504
https://www.nxtbook.com/mspc/viking/201503
https://www.nxtbook.com/mspc/viking/201502
https://www.nxtbook.com/mspc/viking/201501
https://www.nxtbook.com/mspc/viking/201412
https://www.nxtbook.com/mspc/viking/201411
https://www.nxtbook.com/mspc/viking/201410
https://www.nxtbook.com/mspc/viking/201409
https://www.nxtbook.com/mspc/viking/201408
https://www.nxtbook.com/mspc/viking/201407
https://www.nxtbook.com/mspc/viking/201406
https://www.nxtbook.com/mspc/viking/201405
https://www.nxtbook.com/mspc/viking/201404
https://www.nxtbook.com/mspc/viking/201403
https://www.nxtbook.com/mspc/viking/201402
https://www.nxtbook.com/mspc/viking/201401
https://www.nxtbook.com/mspc/viking/201312
https://www.nxtbook.com/mspc/viking/201311
https://www.nxtbook.com/mspc/viking/201310
https://www.nxtbook.com/mspc/viking/201309
https://www.nxtbook.com/mspc/viking/201308
https://www.nxtbook.com/mspc/viking/201307
https://www.nxtbook.com/mspc/viking/201306
https://www.nxtbook.com/mspc/viking/201305
https://www.nxtbook.com/mspc/viking/201304
https://www.nxtbook.com/mspc/viking/201303
https://www.nxtbook.com/mspc/viking/201302
https://www.nxtbook.com/mspc/viking/201301
https://www.nxtbook.com/mspc/viking/201212
https://www.nxtbook.com/mspc/viking/201211
https://www.nxtbook.com/mspc/viking/201210
https://www.nxtbook.com/mspc/viking/201209
https://www.nxtbook.com/mspc/viking/201208
https://www.nxtbook.com/mspc/viking/201207
https://www.nxtbook.com/mspc/viking/201206
https://www.nxtbook.com/mspc/viking/201205
https://www.nxtbook.com/mspc/viking/201204
https://www.nxtbook.com/mspc/viking/201203
https://www.nxtbook.com/mspc/viking/201202
https://www.nxtbook.com/mspc/viking/201201
https://www.nxtbook.com/mspc/viking/201112
https://www.nxtbook.com/mspc/viking/201110
https://www.nxtbook.com/mspc/viking/201109
https://www.nxtbook.com/mspc/viking/201108
https://www.nxtbook.com/mspc/viking/201107
https://www.nxtbook.com/mspc/viking/201106
https://www.nxtbook.com/mspc/viking/201105
https://www.nxtbook.com/mspc/viking/201104
https://www.nxtbook.com/mspc/viking/201103
https://www.nxtbook.com/mspc/viking/201102
https://www.nxtbook.com/mspc/viking/201101
https://www.nxtbook.com/mspc/viking/201012
https://www.nxtbook.com/mspc/viking/201011
https://www.nxtbook.com/mspc/viking/201010
https://www.nxtbook.com/mspc/viking/201009
https://www.nxtbook.com/mspc/viking/201008
https://www.nxtbook.com/mspc/viking/201007
https://www.nxtbook.com/mspc/viking/201006
https://www.nxtbook.com/mspc/viking/201005
https://www.nxtbook.com/mspc/viking/201004
https://www.nxtbook.com/mspc/viking/201003
https://www.nxtbook.com/mspc/viking/201002
https://www.nxtbook.com/mspc/viking/201001
https://www.nxtbook.com/mspc/viking/200912
https://www.nxtbook.com/mspc/viking/200911
https://www.nxtbookmedia.com