This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Americans' Continued Reluctance For Long Term Care Planning Evident In Genworth's '2012 State Of Planning' Survey

In order to put these difficult emotions of fear and anxiety to good use, Dr. Nusbaum suggests:

  • Remind yourself that everyone feels some fear, anxiety, sadness, and worry when thinking about a long term care event. Don't feel badly about these feelings. Be resilient by using them and not avoiding them.
  • Choose a trusted long term care planning partner who can help carve out a plan that addresses personal anxieties and concerns for yourself and your family.  
  • Get clear and specific on anxieties, thoughts and wishes by creating a 3-column list. In the first column list anxieties; in the 2 nd column list specific thoughts about that anxiety; and in the 3 rd column list what a wished-for scenario looks like. The wished-for scenarios are the goals for your long term care plan.
  • Don't have a drive-by conversation with your planning partner. Have the conversation in at least three scheduled meetings. A conversation on the fly is a form of avoidance. Don't let lack of money -- or worries of not enough money -- stop you from planning. Concerns about money are more often than not a part of the long term care planning process. Not planning because of money concerns is a form of avoidance and the potential cost of not planning can be far more expensive and worrisome than planning.
  • Educate yourself by speaking with others who have had a long term care event, caregivers and long term care plan experts to get a clear and true picture of what long term care may actually be like. Also speak to a long term care planning advisor to see what your options are, particularly focusing on your wish-list (watch for avoidance).
  • Finally, with a long term care partner and long term care advisor, develop a plan that gets as close to your wish-list as possible.

Facing Unique Situations

'State of Planning' also found that 60 percent of females report not having a plan in place for future long term care, an interesting statistic considering women tend to have the most exposure to long term care issues as caregivers and are aware of the challenges that coordinating care can pose. Women were also found to be significantly more likely (18 percent) than men (9 percent) to cite not having found the right time to bring this up with loved ones as the most important reason preventing them from creating a plan.  

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs