Selome Samuel

Just Haning Out with Sammy

Tag: retirement investment strategy

How Long Will My Savings Last In Retirement

When looking for long term care facility for a loved one in Missouri, there are a few questions you should ask yourself and a few things to be aware of:

What type of facility do I need? There are several types of facilities, be sure to select one that will meet the needs of your loved one.

Residential Care Facility I: Will provide shelter, board and supervision. They may distribute medication and provide care during short term illness and recuperation.

Residential Care Facility II: Provides same care as a level I, plus provides dietary supervision and help with personal care.

Intermediate Care Facility: Provides personal care, board and basic health and nursing services under the direction of a licensed physician and nurses.

Skilled Nursing Facility: Individuals in Skilled Nursing facilities require 24 hour care and specialized services. These services will be performed under the supervision of a registered professional nurse.

Questions to ask the facility:


  1. Can it meet the needs of my loved one?
  2. Is it currently licensed?
  3. How much does it cost and will they accept my insurance?
  4. Are the current residents happy and treated with dignity?
  5. Is the facility clean? How does it smell?

Residents rights: Missouri residents who live in a state licensed long term care facility are guaranteed certain rights under the Missouri Omnibus Nursing Home act of 1979 and the Federal Omnibus Budget Reconciliation act of 1987 such as:

You must be informed of your rights and responsibilities as a resident (oral and written)

You must be told of services available and costs

You must receive notice before a change in room or roommate

You may purchase or rent goods/services not included in the facility rate.

Please see our recommended sources for insurance and low rates. These websites are also great sources for information. These low rates will help lower your bills every month.

Retirement Calculator With Social Security

Money matters a lot to embark a business. It waters a business to get its root. Without money, starting a business? it sounds unfeasible. Many of us desire of starting our own business, but cash crunch acts as a barrier to fulfill the desire. In this context, new business loans can be emphasized to solve the problem.

New business loans, the ultimate helping hand, are customized for those who are planning to start their own business but facing cash crisis. These loans can be used for various business related purposes like buying machines and equipments, vehicles, other resources that are mandatory to start up a new business.

Finding a lender to avail a new business loan is not so tough. Many lenders like banks, lending institutions, other credit unions offer loans to start a new business. Even, these days, online is also a good option to find out a new business loan. This process is the fastest and the simplest process. You need to click only the mouse and within a minimum time you can access various sites, offering new business loans.

Here, you need to know that at the time of applying for a new business loan, lenders will ask you to fill up an application form where you will have to mention a brief of your new business plan. Actually, with this, lenders want to check whether the business that the borrower wants to start up is sustainable or not.

However, two types of new business loans are available in loan market- secured and unsecured business loans. Like other secured loans, secured new business loans are available against a security. As security any kind of valuable property can be used. Since the presence of security covers the risk of lending money, thus borrowers can avail these loans at lower interest rate. But the main drawback of secured new business loan is the risk of collateral repossession. On the other hand, such kind of risk are absent with unsecured option, as these loans are available without any collateral. And due to absence of collateral, lenders charge high interest rate with these loans. Generally, with these loans, one can borrow anything between ? 5000 to ?100000 where the repayment period varies from 3 to 25 years.

At last, borrowers are advised to take some initiative before applying for a new business loan. Do not stick to one lender, but it is necessary to wander around to get the best deal. Collect various quotes, terms and conditions of different lenders, compare them and then apply for the best deal. And needless to say that you should avoid any sort of deal with unauthorized lender.

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