A recent Associated Press article reports that government figures show nearly 7 in 10 Americans will need long-term care at some point after they reach age 65, whether it’s from a relative, home health aide, assisted living or a nursing home. Continue Reading
About Curt Wilkerson
According to the Pew Research Center, just over a quarter of the total U.S. population are “baby boomers,” which refers to the dramatic post–World War II baby boom from 1946 to 1964. And if you are one of this 26% and preparing for your retirement, then you are most likely aware that you are facing very different circumstances than your parents. Continue Reading
We hear a lot about the importance of adequately planning for a successful retirement but there is often a hole left during this planning process when considering the cost of medical care. More than two-fifths (42%) of people age 65 and over have reported a functional limitation. Eighteen percent had difficulty with one to two basic activities of life (ADLs) [Source: 2009 Long Term Care Insurance Sourcebook, American Association for Long-Term Care Insurance]. Unfortunately these statistics prove that there is a high probability that you or a loved one will one day no longer be able to perform the basic activities of life and will need the extra care.