According to the latest jobs report from the U.S. Bureau of Labor Statistics, in June, the healthcare sector added 37,000 jobs. As the country’s population grows older, the need for more employees in the healthcare services and senior care field, including what’s referred to as “direct care” workers–like home health aides, personal care aides, and [...]
Plan better for long-term care learning more about the odds of requiring assisted living and other long-term care services.
During my years as a financial planner I would often hear people in retirement say that they had already planned for the latter stages of retirement because they had purchased long-term care insurance. In fact, there was a time when I, too, felt that owning long-term care insurance was a plan.
Senior care centers and retirement communities are not all created equal. Although these two terms are often used interchangeably, there are some important distinctions to be made.