How To Stay Out Of The Nursing Home And Age Independently

24/07/2024 30 min Temporada 1 Episodio 34

Listen " How To Stay Out Of The Nursing Home And Age Independently"

Episode Synopsis

It’s on so many people’s minds.  “How do I stay out of the nursing home when I get older? Next to that – “how do I save my assets that I’ve worked so hard for all my life?”
Well, I think one goes with the other. If you stay out of the nursing home when it comes to your long-term care – you will almost certainly protect your assets.  In fact, 90 percent of people over 65 want to remain at home as long as possible. 
BUT – It takes planning.  Nobody wants to plan for being in a nursing home. Why would they?  I think that makes sense and I am 100 percent behind strategies that keep someone at home and out of a nursing home.  Like I said that takes some specific planning and some intentional efforts.  We are going to talk about some of that in this episode.
First of all, here’s the truth – the forecast is not good.   I’ve talked about this before.   4.1 million Americans will turn 65 this year.  The numbers of people aging over 65 is growing.   In 2020 1 in 6 people in the U.S. was 65 and older.  In 2030 all baby boomers will be over age 65 – more people will be over age 65 than any other age group. 
People are also living longer.  You think this is going to change things?  Absolutely……without a doubt.  In fact, it’s so significant it is called the Silver Tsunami – like a tidal wave crash clearing everything in its path.   This is expected to put unprecedented pressure on our health care system – that’s why I’m 100 percent behind anyone that wants to avoid nursing home care – just need to plan specifically. 
The government expects that out-of-pocked health care costs to double to $27 billion by 2030. It’s also supposed to be harder to find space in these facilities.
So in this episode, we’re talking about getting started with a strategy to stay at home and out of a nursing home.

Downloadable resources mentioned in this episode:
Home Safety Checklist

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