Long-Term Care Insurance: Does Baby Boomer Need It?

You may have read, seen or heard that for people aged 65 and above, the odds of needing long-term care services at some point in their life is 70%, so how come baby boomers are ignoring this prospect? Boomers have seen their parents struggle with long-term care, they are aware of the emotional, mental and physical devastation people have to deal with as a result of not taking necessary actions to plan properly for future health and long-term care needs.

Aging the Boomer Way: Who Will Take Care of Childless Seniors?

Statistics revealed that 1 in every 5 baby boomers is childless, that is about 15 million boomers who never had children. And since boomers are mostly in their retirement years, there is a looming crisis on who is going to take care of them? We are all aware that the foundation of caregiving is family, majority of caregivers are spouses and children, for spouses who are childless, women are expected to provide care, if so, who will take care of her when she eventually needed care? And how about single boomers who are likely to live alone in their old age?

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Baby Boomers Retirement Planning Guide - Don't be Ill-Prepared

Once you hit the age of 50, your goals change, you are more serious and focused on retirement security, savings goals and financial future. Boomers are now more confident, this is evidenced by the research result which showed that there is a great increase in the percentage of boomers who are certain when they would retire.

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Boomers Live Better When Cared at Home

The process of aging as they say, is inevitable, it is something beyond our control, therefore, we must learn to accept and make the most out of it. Boomers are very much aware of this fact, and with aging comes frailty and immobility. Although this condition does not cut across all boomers and aging individuals but most of them experience it as they age.

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Boomers Retirement Plan - Going Against the Trend

When you say "baby boomers" most people think of a senior citizen in their retirement years, this is somehow true because the oldest baby boomers are already retired and the youngest of them is in already in their golden years.

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Perhaps, people perceived retirement as a time to travel, play golf, relax and enjoy leisure time without having to worry about deadlines and office stress. However, current trends showed that not all boomers are traveling nor thinking about spending time playing golf. As they approach retirement, boomers are making decisions based on their financial capability, basically because they were the ones who are most affected by the great recession.

They are trying to pursue their financial goals but is more focused on home ownership and retirement savings. Foxbusiness discuss the bucking past trends of how boomers stay put in retirement. The boomers retirement plan may be consistent for years and we are yet to see how they are going to get along with these plans

Baby Boomer's Early Retirement: Health, Finances and Long-Term Care Issues May Interfere

Based from different surveys and studies, baby boomers are more worried about the affordability of health services than their own health. Health and long-term care issues are threat to their financial strength, thus, a threat to their retirement savings and plans. It will impact not only their finances but also their relation to their family.

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Boomer Health: How Sitting Can be Hazardous To Your Health

Perhaps the best gift you can give to an aging loved one is health, health is indeed wealth and no amount of money can guarantee that you will be healthy for the rest of your days. It is your personal responsibility to stay fit and healthy.

Baby Boomer's New Year's Resolution: Health, Finance and Emergency Fund

Another year has passed and another year will be added to the baby boomer's age. Aging baby boomers may find it elusive to make a list of resolution that will not be forgotten nor ignored just like any other new year's resolution. They are now more focus on doing and creating things that will benefit them as they age.

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Boomer Options for Long-Term Care, Which One Are You?

As we grow older, we want to maintain our independence and quality of life even in the event that we are having a hard time performing the activities of daily living. For most baby boomers, they want to stay in the comfort of their homes, with the presence of their loved ones.

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Things Boomers Need To Know About Long Term Care Insurance

What’s your long term care plan? Many baby boomers are thrilled to plan for their retirement. Some already have exciting plans about the places they want to visit or things they want to accomplish. However, many people forget to plan for long term care, but not Mary Bruels’ mother. 

According to Jackie Callaway of acbcactionnews.com, 20 years ago, Mary Bruels’ mother made a life changing decision. At that point in time, Mary's mother, Marjorie, recognized that she and her husband are not getting any younger. She realized that their savings might not be enough to pay for long term care expenses not covered by Medicare.

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