Choosing Senior Living If you're considering moving into an assisted living community, it's important to do your research and understand what your options are. Read our checklist for advice on how to select the right facility for you.
" says Dr. Steven Buslovich, a New York-based geriatrician and medical director. "For instance, instead of going into an assisted living community, you may be able to utilize a senior/adult day center as a viable alternative, particularly if you are able to assist in the care ...
Home care, as the name suggests, is care that is provided at home, or while the elder is still living in their own home. This is the type of care that is best for people who can still live independently (sometimes with a spouse or other family member) but may need assistance with th...
for example, that Americans who live past the age of 70 can expect on average to spend $172,000 for long-term care over their lifetimes.1But most families (as many as 83%2) say it would be impossible or very difficult to afford $60,000 fo...
Life insurance can be a prudent financial tool to hedge your bets and provide protection for your loved ones in case you die while the policy is in force. However, there are situations in which itmakes less sense—such if you buy too much or insure people whose income doesn't need to ...
People who live in long-term care facilities don't necessarily need the medical assistance that skilled nursing facilities offer. And long-term care facilities, by definition, attract residents who are looking for an essentially permanent living situation. Skilled nursing facilities are designed to be...
Over 20% of people on the cusp of retirement have no savings at all, but that isn't stopping them. 超过20%即将退休的人没有任何储蓄,但这并没有阻止他们退休。 Millions of people across the world can't afford to retire, and they're doing it anyway. So what does this mean for everybody...
In most cases, people want to remain in their homes for as long as possible; however, home care is not necessarily the best option for everyone. Home care is ideal for Those who need assistance with mobility, bathing, toileting, or household tasks. Those who need companionship or company...
Long-term care (LTC) insurance covers the cost of a nursing home, assisted living facility, adult day care, or home health care for people who are unable to take care of themselves. With an LTC plan in place, you’ll have a way to pay nursing home care costs without emptying out your...
However, if you rent, you should assume costs will rise over time and you might need a higher annual income for retirement than you expected. The same goes for anyone who plans to move to an expensive assisted-living facility. Related:6 Ways to Invest in Apartment Buildings [w/Minimal Effo...