Long-term care is a big issue within the elder law community. The baby boomer generation is reaching retirement age, with 10,000 people applying for Social Security every day. This volume is expected to persist for the next 20 years. What this means is that more and more people are going to require assistance with their day-to-day needs as they get older. However, there are not an unlimited number of people to provide this assistance. Home health aides are already in relatively short supply. … [Read more...] about Will Robots Fill Elder Care Needs in Future?
When you are planning for retirement, you are going to be evaluating your projected budget that you will be working within during your senior years. This is going to include typical living expenses along with the costs that you expect to incur as you cross things off your bucket list. However, when you are making plans you should understand the fact that long-term care costs may be a very big factor. According to the United States Department of Health and Human Services, most of the people in … [Read more...] about When Is It Too Late to Do Medicaid Planning?
People sometimes discuss estate planning with rose-colored glasses on, assuming that all families are comprised of people who always agree about everything. In fact, the typical family is going to try to maintain a harmonious dynamic but it can sometimes be challenging because of the diverse personalities that comprise the family. This is something to keep in mind when it comes to planning for aging and your eventual passing. As for the eventualities of aging, the possibility of the need for … [Read more...] about Fostering A Resonant Family Dynamic
Intelligent retirement planning involves getting a firm grasp on the expenses that you may be facing when your working years are through. Looking forward to taking vacations and enjoying leisure time and estimating costs associated with this part of the equation can be fun, but you must also consider your twilight years that lie beyond your active retirement years. There are potential expenses that you may face when you reach an advanced age, and some of them are considerable. People are living … [Read more...] about Assisted Living Costs: HECM Is An Option