Long-term care top concern among Americans

A survey that Matthew Greenwald & Associates conducted for the Society of Actuaries found that 69% of pre-retirees — workers age 45 and older — are worried about long-term care and inflation, followed by paying for health care (67%).

For retirees, 58% are worried about long-term care, 52% about inflation, and 47% about health care.

If you are among them, you should read A Boomer’s Guide to Long-term Care.

Inside, I show you:

* How long-term care expenses could leave you broke
* Why you must assume control
* Why a woman is at greater risk
* What the government will pay, and more important—won’t pay
* How to avoid getting shipped off to a nursing home
* If long-term care insurance is right for you
* What to look for in a long-term care insurance policy
* How to cut premium costs 

A Boomer’s Guide to Long-term Care is available in paperback and Kindle format.

What you must know as senior population soars; number of nursing homes shrinks!

By 2030, some 20% of the U.S. population will be 65 or older; the number of 85-year-olds will rise more than 50%, and the centenarian cohort will almost triple. On top of that, the number of nursing homes will continue to tumble. So you can understand why it’s becoming more difficult than ever to pick a nursing home for a loved one.

Click here for the crucial questions you need to ask … 

Nursing home residents becoming better connected

In the wired and wireless world we live in today, connections are ubiquitous. But long-term care often has been slow to join in. Even now, many seniors living in nursing homes are spending their remaining years in “relative” obscurity, looking forward to weekly or monthly visits from family and friends.

Click here for the full article by McKnight’s. 

Latest research uncovers the changing face of long-term care

In A Boomer’s Guide to Long-term Care, I discussed the plight of unpaid caregivers and long term care cost. According to a 2006 Urban Institute report:

• About three-quarters of frail, older people receiving assistance outside of a nursing home rely on unpaid caregivers.
• Unpaid caregivers provide an average of 201 hours per month to help with personal activities and household chores.
• Nine out of ten married, frail Americans receive help from their spouse. One out of three of these caregiver-spouses have health problems themselves.
• More than half of the elderly who need assistance are unmarried and receive help from their daughters.
• Over half of adult children helping their frail parents are employed.

With each generation this is becoming more and more difficult – and stressful – for families who are trying to balance personal responsibilities with work demands. These caregivers may feel isolated from their friends and overwhelmed by their responsibilities. The result can be high stress levels, depression, and physical ailments.

Now a just-released report from Genworth revealed additional impacts, financially and emotionally, that providing long term care can have on unpaid caregivers. Plus it provides insights on ways to mitigate those impacts by planning for what may lie ahead. Click here to read The Expanding Circle of Care, Beyond Dollars 2015.