We talked about the effect long term care has on financial planning last week on SeniorCitizenJournal.com. Baby Boomers who have not yet retired, and younger generations as well, need to be seriously planning for their senior years’ long term care needs. We are living longer, and the need for long term care of one kind [...]
Posts Tagged ‘ Baby Boomers plan for health care ’
Looming out there ahead of Baby Boomers are several very big issues that will come to occupy your time, attention, resources and patience. If your DNA is similar to many these days, your parents, at least one of them, will live into their 90′s and perhaps beyond. Read the obits and you will find more and more persons whose age is clocked in the 90′s when they die. And, often, it is the upper 90′s.
This is not to decry the joy of having your parents live a long life. It is to say that with their doing so come demands you may not have expected. Those demands come in the shape of caretaking, costs, and intentional decisions that will enable them and you to be prepared and buttressed with backup plans.