In our last blog, we took a look at our increasing life expectancy and offered steps so you don’t outlive your money. Today we will take a look at how our longer lives affect not just our immediate family but multiple generations.
It may seem like a remote possibility, but the likelihood that you—or someone you love—will need long-term care is high. The Life Happens blog compiled a list of long-term-care statistics, some of which might surprise you:
Last week we looked at the benefits and costs of in-home care for your elderly loved one. But what happens when it is no longer safe for Mom or Dad to stay in their home? It may be time to discuss a move to an assisted living facility.
According to the last U.S. Census report in 2010, 11 million adults age 65 and over (28%) lived alone, and the likelihood of solitary living only increases as people get older. If your elderly relative is living on their own and not to the point of needing a care facility, it’s important to ensure that they aren’t isolated.
It’s natural for elderly people to want to remain in their own homes. After all, they have often lived there for decades and have many memories associated with both the dwelling and the neighborhood. Yet moving to a nursing home or assisted living community sometimes makes the best sense for a person’s health and well-being.
As a caregiver of a loved one, you need to look out for people willing to take advantage of the person you’re caring for. Last week we looked at two such shady characters: the family black sheep and harmful religious groups. This week we’ll round out the list with alcohol abuse enablers and people willing to trade sex for favors.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
