Planning for Eldercare
Tuesday - August 09, 2011 at 07:52 am
It’s no secret that our population is getting older. Today, approximately 13% of the US population is over age 65. That number is expected to jump to about 20% by the year 2030. So it’s a pretty safe bet that a lot of us will eventually have to care for an aging loved-one and oour next guest says it's imperative that proper planning up front is better than waiting until you receive that “crisis” phone call.
Mike Switzer interviews Michael Baughman, a certified financial planner with Abacus Planning Group in Columbia, SC. www.abacusplanninggroup.com
1. State Department of Insurance website www.doi.sc.gov consumer guide to long term care
2. NAPGCM –National Association of Geriatric Care Managers www.caremanager.org
3. www.carf.org : Consumer Guide to Understanding Financial Performance and Reporting
4. www.Livingto100.com offers a life expectancy calculator with a good variety of input
5. www.retirementcommunity.com : locator for different types of retirement communities
6. The National Alliance for Caregiving www.caregiving.org
7. www.benefitscheckup.org Benefits Checkup includes more than 2,000 public and private
8. www.eldercare.gov Eldercare Locator, a public service of the U.S. Administration on Aging
connecting you to services for older adults and their families.
9. The North American Securities Administration has some great senior investor protection