Many fail to take proactive initiatives to plan, prepare and manage financial resource. Psychological most of us can’t even think that the “vigor” we have today will give way to the possibility that one day we may need assistance with activities of daily living, paying bills or transportation (Millburn, 2018). Just as we age over time, effective planning for retirement happens over time. …show more content…
Educating americans that planning for long-term care starts early; literally starting from the time one gets their first job. Most private employers provide retirement accounts such as a 401(K) or a government 403(B), some even offer to match contributions. As one continues on their career path acquire more educations, and skills such that one can command higher pay. Another plan is to investing in IRA, mutual funds or goal specific saving account like a “house bucket account”, used to start saving for your own home ( Millburn, 2018).
Thinking about the planning for our long-term care needs, often gives way to planning for today. Over shadowed by economics concerns many are living on a “survival” plan for their life and