Anyone who pays attention to the news no doubt hears or reads countless stories about the various types of abuse that are rampant in our society: child abuse, domestic abuse, sexual abuse, and animal abuse, to name a few. However, there is one type of abuse that is becoming more and more prevalent but receives little media coverage: elder abuse.
Long-term care is expensive, and Americans can’t expect Medicare to pay for it. Given this, Medicaid has, unfortunately, become the long-term-care insurance of the middle class, with some people wiping out their savings and then relying on Medicaid for assistance in paying for their nursing-home stays.
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.
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.
