What is the ignored conversation?
No one wants their kids dressing or feeding them, but yet, the conversation about paying for help is often ignored.
People who want to avoid forcing their kids into becoming their caregivers need a plan for later in life. There is a cost for any support, from the disruption caused the oldest daughter (statistically most likely to become the caregiver) and her family, to the tens or hundreds of thousands of dollars of expense for an extended stay in a memory facility.
According to the Alzheimer’s Association, Alzheimer’s Disease is America’s sixth leading cause of death, killing more than breast and prostate cancer combined. Put another way, one in three seniors dies with Alzheimer’s or another dementia. But unlike most cancers, Alzheimer’s patients may need care for ten years or more.
John Broyles, CFP® brings a range of experiences garnered through living abroad, working with mutual fund and insurance companies and as a financial advisor. He joins us as a Regional Sales Director with OneAmerica®, a company through which we have already delivered insurance policies designed to address these needs.
John Broyles and OneAmerica are not affiliated with LPL Financial and Enduring Wealth Advisors.