Friday, July 31, 2015

www.sperosfinancial.com Long-Term Care Tip of the Day!



Long-Term Care, Steep Costs Even When It's 'Free'
Whether clients choose unpaid care or rely on it out of necessity, it's important to understand the hefty costs of such care. 

EARLY RETIREMENT




Family care-giving often leads to the caregiver quitting a job. According to the AARP "Valuing" study, around 22% of retirees left the workforce earlier than planned in order to care for an ill spouse or family member.

Around 83% of people in their prime working years (ages 51 to 54) may need to take care of their own parents or their parents-in-law, according to research cited in the AARP study. For those nearing retirement (60 to 69 years), more than 45% face the risk of needing to care for a parent.

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