Ready to retire? Before you take the plunge, make sure key legal documents are prepared and signed to serve you in later years. While this isn’t an exhaustive list, it includes some of the basics every retired person should prepare to address their health and financial wishes. Continue reading
If you have a relative living with dementia, it’s natural to be concerned about whether you or your children may develop the disease. What most people may not know is there are several types of dementia and most of them are not hereditary.
Learn more about the common types of dementia and the chances of relatives developing the same disease. Continue reading
The odds can be a bit worrisome. The typical 65-year-old is expected to live another 20 years and has over a 50% chance of needing some form of long-term care services in their lifetime.
The average cost for long-term care today is around $138,000. Medicaid can cover part of this cost, but only for the impoverished. Long-Term Care insurance (LTCI) helps cover the risk of a long-term care event, but only about 10 million Americans are covered. Continue reading
Are you ready to have “the talk” this Thanksgiving?
No, we’re not referring to the “birds and the bees talk”, though you’re welcome to go there. We’re referring to the “long-term care talk.” Continue reading
After working hard for most of your life, it’s time to have fun and relax in comfort during retirement. Luxury retirement communities offer the maintenance-free lifestyle and easy-living many retirees hope for.
However, luxury retirement living comes with a price. If you’re considering a luxury retirement community in your future, don’t forget to factor in the extra amenities, features, and services included in the cost. Continue reading
After elections, and before the holidays, is an equally important day, World Kindness Day. Next Tuesday, November 13th, is an internationally recognized day to focus on good deeds throughout communities. The cause was introduced in 1998 by the World Kindness Movement, and people from all over the world participate. At LTC Consumer we wanted to honor three people in retirement who show kindness by volunteering within their communities and encouraging others to do the same. Continue reading
Baby boomers refers to the group of individuals born between 1946-1964 following World War II. According to the U.S. Census Bureau, this generation has had the lowest poverty rate of all age groups. However, as baby boomers are entering retirement age, they have a new set of spooky realities facing them. Continue reading
Elder financial abuse often goes unreported. Just 1 in 44 cases of elder financial abuse are ever reported, according to the National Adult Protective Services Association. However, it’s one of the most rampant forms of abuse among older adults. The abuse is particularly common among elderly with cognitive impairments such as dementia or Alzheimer’s. Continue reading
Marriage is a big commitment. It’s natural for couples to be nervous before jumping in. Recent trends suggest more people are foregoing marriage to cohabitate instead.
What’s Trending: Cohabitation
One reason for an increased interest in cohabitation instead of marriage isn’t just the fear of matrimony, it’s more out of concern of the possibility of it ending. With the prospect of divorce looming over people’s heads, many are more apt to move in with each other versus committing to forever. Continue reading