Over the last several decades, the population of older Americans has increased at a historic rate. One significant factor in the unprecedented growth is the aging of the Baby Boomer generation, the oldest members of which began entering their retirement years in 2011. By 2030, experts tell us that one in five Americans will be retirement age. The U.S. Census Bureau expects the population aged 65 and older to nearly double from 43.1 million in 2012 to 83.7 million in 2050. For the first time in history, the number of older adults (age 65 and older) is expected to outnumber [Read more…]
How Living Trusts Can Help Ensure Continued Access to Medical Care
Access to affordable healthcare is a hot topic across the nation these days. If you are fortunate enough to have good employer sponsored health insurance right now, don’t make the mistake of becoming complacent. Once you reach your retirement years, everything changes with regard to healthcare. Like most seniors you may be looking forward to relying on Medicare to cover most healthcare needs; however, Medicare doesn’t cover everything. Specifically, Medicare won’t cover long-term care expenses. Consequently, you may need to qualify for Medicaid. Living trusts can help you do that. Specifically, creating a Medicaid trust now, as part of an [Read more…]
