Boomer Denial Costing Kids


	Boomer Denial Costing Kids

nevadagal

5-23-2008 4:51 PM

69 views

tags:

long term care, long term care insurance, aging parents, baby boomers

nevadagal says:

Wake up from the trance...if you aren't planning for the cost of long term care by educating yourself about long term care insurance then you are putting your kids financial future at risk.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1e5519d8-c19d-4879-b0ed-8789cd7a2387/27975B6D-0D23-48DA-A59D-8A092F104A9F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.mlive.com/news/index.ssf/2008/04/taking_care_of_ailing_parents.html" href="http://www.mlive.com/news/index.ssf/2008/04/taking_care_of_ailing_parents.html" style="font-size: 11px;">www.mlive.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mlive.com/news/index.ssf/2008/04/taking_care_of_ailing_parents.html"><H1>Taking care of ailing parents taps adult kids emotionally and financially</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mlive.com/news/index.ssf/2008/04/taking_care_of_ailing_parents.html"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.mlive.com/img/BA9CA103-89E0-40EE-B73D-EF62C8879713" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mlive.com/news/index.ssf/2008/04/taking_care_of_ailing_parents.html"><P>Like Junghans, most adult children who spend 20 or more hours a week caring for their parents are women. When they essentially reverse roles with an ailing or elderly parent or parents, often during a crisis, they often pay a high emotional, physical and financial cost.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mlive.com/news/index.ssf/2008/04/taking_care_of_ailing_parents.html"><P>A study by MetLife found caregivers lose an average $659,000 in wages, Social Security and pension contributions over a lifetime. About half of those caregivers also cover many out-of-pocket expenses, such as paying for medications or buying groceries, for an average $2,400 per year.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mlive.com/news/index.ssf/2008/04/taking_care_of_ailing_parents.html"><P>"It's usually the daughter who takes on the caregiving role," Junghans said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mlive.com/news/index.ssf/2008/04/taking_care_of_ailing_parents.html"><P>According to a recent study by the National Alliance for Caregiving and AARP, the typical primary caregiver is a working woman in her mid-40s who has gone to college, and who cares for an elderly parent who lives nearby. Many women leave the work force entirely.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/27975B6D-0D23-48DA-A59D-8A092F104A9F/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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