According to the FBI, Over 92,000 victims over the age of 60 reported $1.7 billion in losses in 2021. In addition, it is predicted that the number of Americans aged 65 and older will nearly double from 52 million in 2018 to 95 million by 2060. As a result, their share of the total population will rise from 16 percent to 23 percent during that period. Elder fraud is likely to become more prevalent as the elderly population grows,…
Retirement planning requires a lot of educated guessing in terms of how long you’ll live and at what age you’ll stop working. In general, people can expect to live at least 20 years post-retirement at age 65. Lifestyle, family history, and overall health are factors to consider. Long-Term Care Costs What hasn’t been factored in until recently, is the cost of any long-term care that might be needed. This is a much harder item to pin down. However, one…
Did you know that 70% of people over 65 will need some form of long-term care? October is the perfect time to start thinking about your long-term care planning. This comprehensive guide will explore the four pillars you should consider: housing, health, legal, and financial. Let's dive in! Housing: Making Your Space Comfortable and Accessible When it comes to long-term care planning, your housing situation is an important factor. Whether you're considering aging in place or exploring retirement communities,…
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