How Not To Tear Your Family Apart

Longevity Challenges in Retirement

Today’s advisors need to include a discussion about the costs associated with living longer in retirement. For many people, that may also include additional costs associated with being a caregiver which may negatively impact their ability to save towards their own retirement. In our story, Jodi’s life is slowly taken over by the increasing care needs of her parents. After working through the 3 Steps and having their advisor serve as a facilitator, Jodi gets her parents the type of care they need, at a cost they can afford, in a setting of their choice. When she suggests to her children that she doesn’t want them to be caught in the caregiving sandwich generation, they, at first, panic and assume she is ill. It’s a real struggle for younger generations to understand the positive role early long-term care planning plays in a secure lifestyle and retirement. After visiting a site that estimates a person’s longevity, the Care Planning Team begins to understand why the best time to plan is now.