Until a few years ago, the primary method of planning for future care needs – if an older adult wanted to retire and stay at home – involved purchasing a long-term care insurance policy, or waiting until a health need arose and relying on family to step in. For older adults interested in moving to… Read more »
Do you have a long-term care insurance policy? If you do, your foresight is a decision that can help protect you and your assets from the rising cost of healthcare. However, it’s essential to dust off that policy and understand what it does and does not cover should you ever need it. Typically, long term… Read more »
Hope for the best but prepare for the worst—that adage certainly rings true when planning for potential long-term care needs. After all, those turning 65 today have almost a 70 percent chance of needing some type of professional help with the daily activities of living. And the cost of long-term care can quickly add up…. Read more »
The importance of financial planning for your future cannot be overstated. But how do you know you’re making the right choices to ensure stability? Wealth Management Advisor Al Waldrop provides valuable insights into financial planning as you consider what’s next for your future. Why is planning so important for you and your clients? Financial Planning,… Read more »
Inevitably, there is a group of people we meet who don’t want to or don’t see the need to plan ahead for long-term care. Yes, I know, it may seem “depressing” to spend time on imagining what life would be like when you actually need someone to help you take a bath. But I’ve seen… Read more »
Be honest, now: When you do your retirement planning, do you factor in potential health care costs and long-term care costs? Odds are, you don’t, figuring there’s no way to know what they might be — not to mention the subject is depressing and the numbers could be scary. But ignoring what Ken Dychtwald, CEO… Read more »
More than 65 million people, 29% of the U.S. population, provide care for a chronically ill, disabled or aged family member or friend during any given year and spend an average of 20 hours per week providing care for their loved one. – National Alliance for Caregiving in collaboration with AARP; November 2009 If you’re… Read more »
This is the second part of a two-part post. Click here for part one. The next step in the planning process is to make sure all decisions about housing and supportive care are in place. The most important question to ask is: What is the ultimate goal when implementing a plan? Some seniors are… Read more »
When assisting your parent(s) or loved one in planning for the future, discussions are a must prior to the occurrence of sudden health changes. Understanding their wishes when these changes occur will give you peace of mind instead of trying to make decisions in the midst of the storm. The first step in this process is… Read more »
For several years, many of us at Blakeford were asking the question: What is next? The Blakeford at Green Hills retirement community, now almost 20 years strong, is full of vibrant life and excellent care services. In fact, it has become completely full in the independent living apartments, with a growing demand, evidenced by a healthy… Read more »
