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Tag: assisted living

Will The High Costs Of Long-Term Care Leave You Broke?

When people refer to “Dying Broke,” they typically are envisioning spending their retirement nest egg on creating experiences and memories for themselves, family, and friends. They usually aren’t talking about outliving their financial resources as a result of...

Why We Put Off Planning for Long Term Care

An essential component of planning for retirement and old age is building financial resources to pay for long-term care. Yet having enough money is not automatically a guarantee of getting the best care you need when you need it. The biggest problem is availability....

Will Your Retirement Resources Cover Long-Term Care?

If you want to stop a conversation cold, just ask a group of friends, “Do you ever worry that you might outlive your retirement income?” The response is likely to be nervous laughter. It doesn’t occur to most people to seriously consider this possibility. The greatest...

“You’re It.” Financial Caregiving and Money Beliefs

“Mom, I can’t take time off work today to take you to your doctor’s appointment, so I’ve arranged to pay for an Uber driver instead.” The elderly parent’s need for transportation is met. The son or daughter’s obligation and...

Resources and Services for Your Aging Plan

Watch this video on YouTube A few weeks ago I wrote about the importance of having a “Plan B” for aging when life events take an unexpected turn. Among the most common of these events are sudden and unforeseen health challenges that leave you unable to...