Putting the ‘gold’ in golden years

If you were born between 1944 and 1964, you are a Boomer, and are well aware of how important it is to save for your retirement. Today, the responsibility for retirement saving has shifted from employers to employees, and Social Security provides only a base level of income. Today, it’s up to you to put the “gold” in your “golden years.”

Many Long-Term Care companies survey trends in the marketplace. Among them, Genworth, Inc. did a Financial Reality Check Survey in 2011. 73% of people answering the survey said that they “would not know what to do if they received a call today letting them know that a family member needed long term care.”

The survey also reveals that people value their independence over comfort. For example, did you know that:

  • 8% say they would turn to family for financial support in retirement
  • 11% would move in with family to ensure a comfortable retirement
  • People are 5 times more worried about being a burden than dying, and
  • 78% say they would find it “helpful to talk with a financial professional or specialist about long term care planning” but only 16% have actually had the conversation.*

While it’s tempting to look for the proverbial “pot of gold” at the end of the rainbow and to think or talk about more pleasant things, we all age and most of us end up needing help in some shape or form. It’s not difficult to keep big or small issues from overtaking the golden years! Being prepared with informed decisions based on reviewing long term care protection can mean you’re “gold to go!”

*Genworth, Inc. April 2011 Cost of Care/Financial Reality Check Survey  ~Elise

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How to avoid spending your last days in a nursing home

One sentence I’ve yet to have a potential client say is, “When I’m old, I hope to live my last days in a nursing home.”

I hear you loud and clear – that’s not your preference.

As the co-owner of YourLTCresources.net, I’m an extended care professional, and have been for the better part of the past 30 years. Helping you provide for yourself and your family in the ways you want is the best part of my job.

I know nursing home living is not part of your plan, so let’s map out a health care insurance plan that factors in your ideas, your finances, and your family. If you are approaching your 50s, right now is a great time to make key decisions while you are still vital and healthy, and make your preferences known.

I often refer to myself as a “tour guide” in the labyrinth of Long-Term and Short-Term Health Care Insurance options. Navigating that path on behalf of my clients is what I do best. And the best news I have for you is, you have a LOT of choices!

When we sit down to talk, it’s you that will be telling me what’s important to you, and how you want to live out your life. What I do is provide you with options that work with your ideas and your budget. Together we can plan for every health contingency.

You’ve worked hard to set up your life the way you want it to be. Let me help you align your future health and well being in the same way.

~ Elise