Surveys by AARP state that 90% of Americans over 50 years of age want to remain in their homes as they age.[sup]1[/sup] “Aging in Place” is the new term coined to reference the ability to continue to live in one’s home safely, independently, and comfortably, regardless of age, income, or ability level.[sup]2[/sup] It means living… Read more »
Senior Care
A wild card in any financial plan is the aging process. Longevity coupled with incapacity can decimate a family’s resources, forcing adult children to contribute to their parent’s support and jeopardize their own retirement. Long-term care insurance can mitigate the financial obligation, but only when the insured is unable to perform two of six specific… Read more »
Fear of losing their independence is the primary concern of older adults. Take Mrs. Weeks, who fell and lay on the ground for three hours before being found by the gardener. She was given an ultimatum by her family, either go to a nursing home or hire an in-home caregiver. That was four years ago.… Read more »
