It’s Time to Talk About Aging
We are all, inexorably, marching toward old age. By 2030, 72 million Americans will be age 65 or older.1 The good news is longevity has been improving, and people are remaining healthy and vibrant at older ages.
We put this guide together because 57% of people never have the conversation with anyone about their potential need aging related income planning or long term care.
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Even if you dread the conversation, the situation can become much worse if you do NOT talk about long-term care, asset protection, and other important topics with your loved ones. At the same time, when you have a conversation with your parents or loved ones now, there is a much better chance that you can help maintain their comfort, quality of life, and a good measure of independence, with reasonable preparation.
It’s never too soon to start talking about the future with your parents, no matter what stage of life they are in right now. By establishing plans now, you will help protect your parents so they can continue to live on their own terms, as fully as possible throughout their entire life.
