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Tag: long term care

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....

Should You Pay Your Family For Senior Care?

Many of my older clients, aware of their declining physical capacities, are increasingly open to the idea of receiving in-home healthcare. It’s an excellent way for seniors to maintain their independence and stay in their own homes as long as possible before...

Creating a Plan for Long-Term Care

Last week’s column concluded that, while long-term care insurance is unaffordable for most Americans, everyone needs a long-term health care plan. Knowing how long you may live is one of the first variables to consider in putting together such a plan. A number of...

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...