Category Archives: Long Term Planning
Long Term Care Prices Are on The Rise
Americans keep assuming, incorrectly, that the government will cover the vast majority of their long-term care expenses, but that is not true, and research shows that long term care expenses are only increasing. The Genworth 2017 Cost of Care Survey was recently released and the President and CEO of Genworth’s U.S. Life Division indicated… Read More »
Planning for Your Future Healthcare Decision-making: What Are Superagers?
Some elders will retain a significantly sharper memory and cognitive ability than their peers. In a recent study, it was identified that these people all carry a very unique trait. The natural process of brain decline regarding memory begins in the late 20s and early 30s, however the average ager, according to a recent… Read More »
Wealth Planning and Long-Term Care Planning for Aging Parents
If you have the responsibility of taking care of your aging loved ones, this is an extremely common situation that is facing more people in the sandwich generation. The sandwich generation often has children of their own, while they are also helping with the health care management or the costs associated with the loved… Read More »
What You Should Know About the Rise in Costs of Long Term Care
Over the course of 2015 and 2016, long term care is on the rise. Long term care refers to any situation in which an individual has suffered an incapacitating event or significant healthcare event prompting a stay in a nursing home or another type of medical assistance. According to surveys from Genworth Financial, in… Read More »
For Caregivers, Ensuring Legal Matters Essential
Doctor laying hand on senior man’s shoulder Caregivers of people with serious illnesses, particularly cognitive issues of the elderly, have a lot on their plate, but they also have an obligation to make future legal preparations for their loved ones. “As a caregiver, you should begin making legal preparations soon after your loved one… Read More »
Long-Term Care Rate Hikes Troubling
As members of the Baby Boom generation move into retirement and beyond, long-term care insurance policies to help cover the costs of assisted living or nursing homes are becoming more and more of a necessity, rather than a luxury. Unfortunately, the cost of these policies is rapidly become prohibitive for a large segment of… Read More »
Planning for the unplanned requires expert advice
Most people don’t want to contemplate their death, but that doesn’t prevent them from planning for it in terms of their estate. And while most people likewise don’t want to give a thought to a relationship failing to work out, it happens. Wise individuals also make plans with this sad possibility in mind. “People… Read More »