Friday, February 27, 2015

Boomer's FitnessTrends - A Healthy Way to Grow Old

The largest generation in the US has changed the health, retirement and long-term care industry of the country, over the last years, boomers have been frantically freaking out and panicking over issues about the need to go over their financial plans and prepare for retirement's biggest risk - health and long-term care. The main issue surrounding these trends is the increasing cost of health and long-term care services at a very fast rate. They were too busy building funds for these risk and almost forgot that they could do something to prevent some health and long-term care condition.

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Thursday, February 26, 2015

Long-Term Care Insurance: A Difficult Decision for Baby Boomers

Majority of baby boomers may already have estate, financial, retirement plans, wills and trust in place. However, if these were place years ago, this is a good time to review and reassess those plans to see if the goals and priorities are still your desires and wishes. Your wealth might have accumulated or it might have been reduced and your health is not the same five years ago. You might consider making some tough decision and include long-term care in you plan.
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Baby Boomer's Decision Making - A Reflection on Financial Abuse

Baby boomers make up a large part of the US population, and as they enter their retirement years, experts stated that they need to make important and wise decisions about finances, health and long-term care. This is the stage in their life where they have be in control of their decisions, however, as people age, making smart ad wise decisions over critical issues can be an enormous challenge especially when you are dealing with chronic illness that may affect your decision making ability.

In an article written by  Jodi Mohrmann, he discussed how elderly adults can be vulnerable to abuse when they are suffering from cognitive impairment.  Normally, boomers faced difficulties adapting to changes as they enter retirement which may include adapting to a new and different routine, missing their colleagues and daily tasks and dealing with expenses that are more than what they had anticipated. But these can be more challenging if you are suffering from memory loss like dementia.
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Tuesday, February 24, 2015

Looming US Deficit, Are Baby Boomers to Blame?

Baby boomers are known to have spend their younger years living in prosperity, and enjoyed these lucrative years until the great recession occurs. Now that all of them are in their retirement years, the US government is providing them with health, long-term care and retirement benefits, which eats up most of the national, federal and state budget.

The country is living with more debt, and federal debt is currently in the highest level. The country's debt was not expected to increase sharply, until recently, when boomers start retiring and rely on their social security and government funded health and long-term care programs. Medicare and medicaid are already strained programs and are considered bankrupt. With all these facts, are the baby boomers to be blame for the country's huge financial deficit? This is the same arguments posted in USNews, and suggested that boomers should be responsible in fixing the debt.
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Monday, February 23, 2015

Aging In The Right Place - Redefining Baby Boomer's Choices for Living

Survey showed how baby boomers are changing retirement, but when it comes to choosing their living arrangements, it seems that majority of boomers plan to stay put and "age in place". The idea of aging in place is to live independently and conveniently in the comfort of your home and with the presence of your loved ones and family members.
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Friday, February 20, 2015

Retirement Reality for Baby Boomers

The baby boomers generation is facing more challenge when it comes to retirement, if you are going to check updates and news about the baby boomers, you will find out that most of the issues concerning them have something to do with retirement and financial planning. This is because all boomers are in their retirement years now and majority of them are still struggling to build a nest egg.
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Tuesday, February 17, 2015

Long-Term Care: Believe It Will Happen To You

For most baby boomers, they want to remain independent and stay in the comfort of their home as they enter their retirement years, it is an important factor for them for aging in place. However, this may no longer be an option once a catastrophic event like a health or long-term care crisis arises.

For those who are still healthy and well-abled, they usually don't think that crisis may happen, but a sudden fall. accident or illness can change everything. As baby boomers age, they become frail and susceptible to injuries, the perception that things like these are never going to happen suddenly becomes reality. 
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Monday, February 16, 2015

Baby Boomer's Long-Term Care Expenses, A Personal Responsibility

When the CLASS Act was repealed, medicaid spending is expected to increase dramatically. A lot of baby boomers were looking forward to the said program, however, legislators and executive body think that the program may not be feasible and will be facing enormous budget funding. Medicaid is the single largest payer of long-term care expenses, and with millions of boomers not having any plan on how to cover this expense, they resort to relying on the program and go beyond the point of engaging in an activity called medicaid planning just to be eligible for the program.
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Friday, February 13, 2015

Baby Boomer's Health and Finances: Which One Must Be In Good Shape?

Most often than not, the main concern being discussed about baby boomers is finance, a lot of boomers are worried about their financial strength more than anything else. It also plays a big role in their retirement, estate and most especially financial planning.
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However, a survey done by Allianz proved this wrong, the result was surprising! More baby boomers are concerned about fitness and wellness, and finances only comes in second. However, this trend among boomers seems to be a little bit confusing in terms of professional help. Although majority of older adults may want to keep themselves healthier, only a few considered getting professional help to guide them in their health and fitness campaign. And a lot of them are willing to seek or consult an expert in terms of financial planning.

Thursday, February 12, 2015

Baby Boomer's Notion of Aging, Retirement and Long-Term Care

Majority of baby boomers are seriously weighing retirement now, with more things to put into consideration and quite a number of expenses to anticipate. They are indeed setting a new trend and are redefining retirement based on current circumstances, instead of dreaming about life's luxuries and leisure, they are taking retirement one step at a time.
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Tuesday, February 10, 2015

Can't Determine Where to Retire? Don't Base Your Decision on "Best Places To Retire" List

As a number of baby boomers hit their retirement age, they have been focusing on savings, finances, health and long-term care cost and other issues facing retirement, with all these crisis associated with retirement, do they ever have the time to think about moving and looking for a perfect place to spend their golden years?
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Monday, February 9, 2015

Aging in the Workforce: Baby Boomer's Retirement Crisis

When it comes to baby boomers, retirement is a major issue, there are things that worried and terrified them, thus, a lot of boomers are planning to stay in the work force to build a bigger nest egg, and wants an extended time to accumulate more money.
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Saturday, February 7, 2015

Heart Disease - A long-Term Care Illness Posing A threat to Baby Boomer Women

In our previous blog, we joined millions of Americans in observing World Cancer Day to help spread awareness, prevention and treatment for the disease, today, we may see a lot of social media post about women wearing red dress with the hashtag #GoRedForWomen. Ever wondered why those women are all wearing red? Because its National Wear Red Day, which symbolizes the observation of heart disease awareness.
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Thursday, February 5, 2015

Planning for Retirement: Security for Baby Booomers

Working in the golden years have proved that baby boomer's attitude towards retirement has dramatically changed. A lot of people who are 55 years old and above are still active in the workforce and some are still looking for career opportunity despite their old age.
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Wednesday, February 4, 2015

Cancer Crisis: A Burden for Aging Baby Boomers

Today is World Cancer Day, a lot of people are joining hands to help spread awareness about this chronic illness and encourage the prevention, detection and cure to the disease. Considered as the second  most common or leading cause of death, this disease may require a patient to be on long-term care services, around 8% of claimants are affected with this illness. Cancer can affect people from all walks of life, regardless if you're wealthy or poor, young or old, however, the most significant risk factor of cancer is age. This being said, seniors and boomers have higher risk of developing the disease.
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Baby Boomer's Health is Wealth

"Health is wealth", this is an old saying but holds true especially for aging baby boomers. The burden of health and long-term care cost are being shouldered by majority of our aging population since they are prone to be care recipients due to the effects brought about by aging.