Who will care for you as you age?

Over two- thirds of Americans (68%) expect that they will be able to rely on their families to meet their LTSS (long term services and supports) needs when they require help, but this belief may collide with the reality of dramatically shrinking availability of family caregivers. By the year 2030, the ratio of possible caregivers for seniors over the age of 80 will be 4.1, a far cry from the 7.2 it was in 2010.

The average age of caregivers for the elderly is 45-64, the baby boom generation. The departure of the boomers from their peak caregiving years will mean that the population aged 45-64 is projected to increase by only 1 percent between 2010 and 2030. During the same period, the 80-plus population is projected to increase by a whopping 79 percent, according to a recent study conducted by AARP . These statistics are pretty frightening, especially when considering todays restructuring and fragmenting of traditional families. With fewer potential caregivers available, the number of people needing institutionalized care will grow. Which means the cost of quality care will grow as well.

It is crucial that you have a plan set in place, in the event of requiring assistance that friends and family members are unable to provide. With our team of skilled experts, we will create a personalized plan for you using strategies such as Social Security optimization, fiduciary investments, income planning, and insurance services. You will then have the comfort and security knowing that you have a secondary care plan just in case your children are unable to carry out that role.