The numbers are staggering. America is getting older. Family members face physical, emotional, and financial pressure. Yet too many think it will not happen to them.
Despite common sense and observation, many people still think they will somehow avoid the problems of aging. The risk of long-term care is real, and planning is essential to a successful future retirement.
Siblings are often in conflict when a parent needs long-term health care. There is debate about who does what or what assets to be liquidated to pay for care. It can be easier with planning.
Vaccination rates for long-term care facility staff are still a concern nationwide as some people still refuse the COVID-19 vaccine.
Loneliness can be a significant health concern and is more dangerous than many imagine. In older adults, loneliness and depression have adverse effects on health and independence.
President Biden calls for an increase in Alzheimer's research funding to help find a cure or treatment for the disease. Even with treatment, long-term care costs will continue to affect many American families.
Many are aware that if you have first-degree relatives with dementia, your risk of dementia increases. Research shows that extended family history can also increase your risk. Planning is essential.
Many people start thinking of relocated as they approach retirement or after they finally do retire. Some places offer more benefits for retirees than others.
After age 50, you become a target. Scammers know you have savings, and they want your money. There are real risks to your retirement, much less the scammers. Understanding the risks and being aware of scams is essential for peace-of-mind.