Let me start with a study done last year which said: By 2020 (now only 4 years away) there will be more people in the US working as caregivers than working in retail.

This will be true not only because everyone shops on Amazon now, but because we did not have enough children to take care of us in older age and must hire this done, at home or in a facility. … Read more...

Yesterday’s Wall Street Journal had some interesting statistics on labor growth predicted for the next decade.  The article stated that 95% of new jobs would be in the service sector.

Previous articles have noted that the fastest growing service profession is caregiving. … Read more...

“The biggest challenge of all is holding onto your patience.”

Reprinted from Money Magazine

For years, Madeleine Smithberg has been at the forefront of American comedy as co-creator of “The Daily Show” and a talent coordinator for “Late Show with David Letterman.”… Read more...

Last week a well known mutual fund company attempted to answer the question of why so many retirees die with significant savings left.  Is it because they wish to leave large amounts for family? Perhaps they are afraid to spend the last dime just before death?  … Read more...

More than 8 million people (mostly women over 65) used the services of a LTC provider in 2012, according to the first ever compilation of federal data on the subject by the National Center for Health Statistics.  This includes adult day care, home health care providers, assisted living facilities and nursing homes.… Read more...

The population of America is growing at its slowest rate ever.  Population increased last year at only 0.72%.  Yet 10,000 Americans turn 65 every day.  We are becoming an older population.

You may have read about legislation in many states to raise the minimum wage. … Read more...

If I had a nickel for every time I heard people say that Medicaid gives you the same care as paying for care does………

True, there is no sign above the door in your facility stating if you are paying the full bill for care or if Medicaid is paying the bulk of it. … Read more...

Many state have been working diligently to provide Medicaid benefits for home care instead of forcing Medicaid recipients into nursing homes.  This serves more people in nicer and often more appropriate settings.  However, it does not seem to save money as when the medicine tastes good, more people want the medicine.… Read more...

1. LTC insurance is not necessary – the government pays for this

Correct!  The government will pay for LTC needed, in a nursing home only in many areas, once you are impoverished (broke), unless you have given any money away, for any reason in the past 5 years. … Read more...

I realize LTC is not a topic you relish discussing.  Hopefully your clients won’t need such care, and if they do perhaps they can pay for it out of cash flow (at possibly $100,000 a year).  However, if the topic comes up, here are some ideas and strategies that might help.… Read more...