LTC in the News
The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.
- BIC.Financial-Planning.com – When Clients Hire Family Caregivers, Be Careful, Advisors Warn
- ThinkAdvisor.com – Sorry, No Room for Your Mom
- ThinkAdvisor.com – The Good News and Bad News About Retirees’ Health Care Costs
Help Clients Face Up to Long-Term Care
When you try to broach the topic of long-term care with clients, they often hit a brick wall of denial. This makes it even more urgent that you do everything possible to break down resistance. Learn more
How to Curb the High Cost of Caregiving
Caregiving is often so easy at the start, you don’t even think of it as caregiving. It’s a few days off from work to accompany Dad for medical tests, or a couple of hundred dollars a month for someone to check in on Auntie, or a few extra flights home to help your parents move into a senior community. It seems manageable—until it isn’t. Short-term fixes can stretch into years, upending lives, taking family dysfunction to new levels, and blowing up otherwise solid retirement plans.
Caregiver Crunch? No Problem, This Is How Tech-Savvy Millennials Will Care for Aging Baby Boomers
Finding ways to care for the growing number of older adults who need assistance is one of the most complex challenges facing our aging society. Young Gen Xers and Millennials will be the first to experience the caregiver crunch. Certain features of these cohorts—high student loan debt, a tendency to move away from their hometowns and not come back, and simply being born in fewer numbers—will create unique pressures on them as they find themselves taking care of their aging parents.
Now You Can Add Long-Term Care to Death and Taxes
There is a wide disconnect between how many Americans will need long-term care versus what people actually think they’ll need. Today, 70% of Americans will need some type of long-term care, but only 46% believe they will need it, according to a new study where 2,000 people were surveyed to see how prepared Americans were for the realities of long-term care.