“Planning challenge: Aging clients, no kids, assisted living required,” by Ann Marsh, Financial Planning

“Choosing an assisted living facility can be frightening prospect for anyone, but the fear can be greater for people with no kids to help them through the process. … While most elderly people receive some care from family members, the number of those able to help ‘is unlikely to keep pace with future demand’ as people live longer, the study found. … Nicklas, Thakor and other planners offer the following advice:”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Double whammy. More childless couples aging; fewer family caregivers. Another reason to have good LTCI for care coordination and financing. But insurance isn’t part of the advice offered in this article.

Planning challenge: Aging clients, no kids, assisted living required

#assisted
#goldencareagent