Wednesday, October 29, 2014

Boomer Watch: Coming to Age - Baby Boomer's Long Term Care Needs

Gone are the days when people will just have to stay with parents or grandparents and live with them for the rest of their lives, as the boomer generation have changed the way the society view aging and end of life issues.

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Being the largest and most of the times regarded as the wealthiest generation, the boomers are still struck with critical financial issues in terms of health and long-term care, the changes in family dynamics have largely affected the cultural awareness, with more and more people living longer and women getting into the workforce instead of staying at home. Although family still plays a major role in  providing unpaid caregiving services, the necessity of planning for future long-term care needs is still significant.

Long-term care insurance is a crucial planning tool that is often overlooked, it is much less expensive than what most people think because you are able to manage and cover a big risk of incurring large out-of-pocket-expenses by paying a more affordable monthly premiums.

Completelongtermcare discusses the reasons why baby boomers need to think about long-term care differently and why long-term care insurance is needed more than ever.

Tuesday, October 28, 2014

Boomer Watch: Generation X to Baby Boomers Long Term Care Needs - "Burden Me Not"

Commonly known as America's neglected middle child, the generation X are now facing the dilemma of being in the sandwich generation taking care of growing children and aging baby boomer parents. So how do you juggle your time between career, caregiving and your personal lives?

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Monday, October 27, 2014

Boomer Watch: Critical Issues of Baby Boomers - Health, Long-Term Care, Retirement ,Financial Security and Aging

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With the explosion of the population after the world war II, the baby boomers are considered the largest generation in history. As the boomer generation age, by the year 2019, the total population of Americans over 65 will dramatically increase from 41 million to 70 million, that is an astounding 75% increase!

Friday, October 24, 2014

Boomer Watch: Preventing Retirement Burnout Among Baby Boomers

Are you just existing and not making the most out of your boomer life? As you approach your retirement years, do you ever feel bored? Retirement may bring physical, emotional and social changes in your life, you have to be ready to deal with it or you might struggle from depression which may lead to aggression.

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Thursday, October 23, 2014

Boomer Watch: Main Issues for Baby Boomers and Aging Americans

Are you one of the baby boomers who feels bothered about their future? You are not alone, and it doesn't come as a surprise anymore, people are prone to worry once their transition from their working year to their retirement year, but the boomers generation feels more worried despite some of them having earned financial power.

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Monday, October 20, 2014

Boomer Watch: Long-Term Care Insurance - It's Significance to Aging Boomers

The entire baby boomer generation is needing long-term care services due to frailty and less agility brought about by aging and illness . A lot of Americans are blaming baby boomers as the cause for the sinking economy due to several issues faced by the aging boomers including health care, housing, long-term care, debts and retirement.

Friday, October 17, 2014

Boomer Watch: Baby Boomer's Finances in Retirement - Savings, lnsurance and Portfolio

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Have you ever wondered if you are already in good financial shape? Is your retirement savings sufficient enough to keep you comfortable down the road, or are you worried that you might outlive your savings?

Thursday, October 16, 2014

Boomer Watch: Long-Term Care and the Highest Prevalence of Obesity Among Baby Boomers

The latest report from the US Census Bureau revealed that the vast majority of baby boomers are obese. The figures showed that 72 percent of older men and 67 percent of older women are obese, these baby boomers have the highest prevalence of obesity compared to their parent generation.

Wednesday, October 15, 2014

Boomer Watch: Working With the Elderly In The Long-Term Care Industry

No one really knows how hard it is to deal with a long-term care event unless you go through it. A lot of people often lose their patience when providing care to a senior who is a dependent of long-term care services. Especially when they have to deal with patients suffering from Alzheimer's disease.

Tuesday, October 14, 2014

Boomer Watch: Boomer's Finances - From Your Children To Your Retirement

Not all boomers are focused on themselves, despite challenging years ahead, a lot of boomers are still focused on providing for the needs of their children, particularly education. Financial planning can be very complex, the needs of each boomer is unique so you have to create a plan that will best meet your needs.

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Monday, October 13, 2014

Boomer Watch: Seeking Other Ways to Pay for Long-Term Care Expenses

According to the American Association for Long-Term Care Insurance, only about 51% of applicants qualify in their 50's, 42% in their 60's, and 24% in their 70's. With these statistics, more than half of baby boomers may not be able to qualify for long-term care insurance. Even though the ruling about getting ltci varied depending on the insurance company, there are several conditions that may make it impossible for an individual to quality, especially now that even parental medical history is being considered.

Friday, October 10, 2014

Boomer Watch: Baby Boomers Impacting America's Healthcare System

When the first wave of baby boomers reached retirement, there were lots of speculations on how the boomers are changing America's health care system. Due to the dramatically increasing numbers of aging boomers, and most of them having health issues, there were assumptions that this will stress the government programs like medicaid and medicare because more and more boomers are requiring long-term care services.

Boomer Watch: Knowing Your Long-Term Care Options

As the number of aging baby boomers drastically increases, they develop health conditions that requires long-term care services. In line with this, they have to develop a comprehensive plan to strengthen your retirement strategy, this includes making good decisions about weighing your different options and finding the best choice that matches your needs, preference and situation.

Thursday, October 9, 2014

Boomer Watch: Reblogged - "I Don't See the Silver Tsunami Yet"

A lot of talks about the aging baby boomers, their retirement years and the cost of long-term care are being discussed. Indeed there is a need to worry on who will pay for the baby boomers' long-term care cost. However, it seems that majority of these boomers are not aware of the coming dilemma.

Friday, October 3, 2014

Boomer Watch: Reblogged - Advice for Baby Boomers Facing Long-Term Care Crisis

As baby boomer approaches their senior years, the crisis on aging, retirement, financial, housing, health and long-term care looms. The most difficult issues they are facing is the long-term care crisis, and the financial strain it can cause.  With the number of caregivers growing less every year, and the increasing cost of care, boomers should prepare ways to address these issues in the coming years.

Wednesday, October 1, 2014

Boomer Watch: Reblogged - October is Long-Term Care Planning Month

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There are more reason to celebrate the month of October - it is long-term care planning month which also marks the resident's right  month, Although it is best to plan for long-term care while you are still young, healthy and employed, October is a special time to observe long-term care planning to remind individuals that there is a need to prepare and plan ahead and to encourage people to find ways and develop a comprehensive plan that will address their future long-term care needs.