Baby Boomers Face Challenges: Caring for Aging Parent

Matt McCann shares this story about how many Baby-Boomers are now taking care of a parent as well as their own career and family responsibilities. This story shows how one such Boomer cared for her mom with help of Long Term Care Insurance and lots of love and effort. One thing the story doesn't mention is how being a caregiver has an impact on both the health and finances of the adult son or daughter.

The AARP, in a new report just out in July 2015, shows this impact.

60% of family caregivers are attempting to do so while still working and taking care of their own families. 55% of those reported to already feel overwhelmed by this caregiving. 68% reported to having to use their own money to help take care of a parent and 39% felt financially strained by this cost.

“Many of my clients tell me they would prefer their adult children to be their sons and daughters and not their caregivers. In other words, they want the loving and support and would rather not burden their adult children with the physical, emotional and financial burdens Long Term Health Care can have on loved ones,” McCann said.

The link to the story: http://longtermcareplanningnews.com/article?article=110

The link to the video of the TV News report from WFTS-TV, Tampa: https://www.youtube.com/watch?v=ipllvsLk_gA

"I can show people how making affordable Long Term Care Insurance can be a very affordable part of their retirement plan. Most of my clients are age 40-60. While you can still obtain coverage up to about age 75, health issues and cost might be an issue," McCann said.

McCann noted that you can get quotes from all the top companies at this website link: http://mccannltc.net/free-quote/