Time to Find Some Before It’s Too Late The harsh realities of retirement and long term care are upon us but America continues to prove its unequipped to handle the growing number of retirees who will need long term in the future. “Unfortunately, America does not have a strategy to deal with this growing demand,” writes Long-Term Care Commission chair Bruce Chernof in an editorial, according to an article published in Reverse Mortgage Daily. The sad truth is, that while the biggest retirement concern is financial security and the “Golden Years” are slowly becoming the “Debt Years” few initiatives are being taken to provide affordable long term care solutions. Part of problems abound from misunderstanding between retirees and family members, particularly those who falsely believe their family will be able and willing to provide sufficient long term help care, they can rely on, when the time comes. Chernof states: “About two-thirds believe they can look to their families for significant support and even more people think they will get at least some support from their families in a time of need. However, in spite of these assumptions, nearly six in 10 are not even having conversations with family about their future desires and preferences for care.” I am a firm believer that talking about things beforehand could avoid everyone involved a lot of heartbreak. Unfortunately, not enough retirees are taking the time to make sure their family is aware of their plans. For those who want access to long term care, but hope to stay at home, this might become more difficult. Not to mention, the costs of long term care continue their upward swing, whether it’s in-home care or nursing home facilities. Aside from saving, there is definitely a disconnect when it comes to long term care. Ironically enough, Americans are concerned they will not have enough to live comfortably during retirement nor have enough to pay for medical expenses but little is being done to remedy the problem currently. A lot of creative thinking and strategizing might be the only solution available in order for future retirees to be able to afford long term care. Chernof concludes by writing: “Americans also have major misconceptions about the costs of long-term care and about who — or what — will pay for these needs when the time comes […] Americans are clearly asking for solutions and mechanisms to begin to prepare for their future care needs so that we all can age with dignity, choice, and independence.” This editorial comes at a time when various organizations, like the AARP, try to find a solution to this increasingly dire problem. Currently, a reverse mortgage can help you age in place providing the financial security and reliability necessary to enjoy retirement. There are many options available to you in order to supplement your retirement, or begin to plan your retirement. If you think a reverse mortgage is right for you, give PS Financial Services a call at (888) 845-6630 or send us an email at info@PSReverseMortgage.comWe do not pressure those who inquire. – See more at: http://activerain.com/blogsview/4284457/non-existent-long-term-care-solutions#sthash.pdEbFLfj.dpuf