At 97, Cathy Schuh’s father does Sudoku, the crossword, plays bridge weekly and is a whiz on the computer. The former chemical engineer and his wife, Ms. Schuh’s mother, live in an assisted living community in Illinois — they’re fortunate to have the help they need now that she, a former teacher, has dementia at 93.
Believe it or not, the oldest Millennials are turning 45 years old this year. To commemorate this milestone and to help plan for longevity, John Hancock and the MIT Age Lab recently partnered together to create the Longevity Preparedness Index.
I have always been a strong proponent of financial and investing literacy, and a decade ago, I had the opportunity to turn that passion into advocacy when I joined the Save Our Retirement coalition.
There is a question I ask every client who has not yet addressed long-term care planning, and it goes something like this: If you needed help with daily activities tomorrow, such as bathing, dressing, or managing medications, where would the money come from?
