Bridging the Gap: Strategies for Aging Well in Every Decade Symposium
New World Inn
November 9, 2017
9 am – 2 pm
Join us November 9, 2017 for “Bridging the Gap: Strategies for Aging Well in Every Decade” for a mini seminar to educate individuals and couples at any age how to prepare for retirement and beyond. Tickets start at $36 for individuals and $300 for an 8 person table. Ticket prices will increase after October 1st.
Family Ticket Packages are also avaiable – 4 tickets for $150 and 6 tickets for $250.
Topics Covered during the Symposium:
- Real Estate
- Long Term Care
- Importance of Exercise
- Legal Questions such as Trusts, Wills, Executors
- Investment Sources and Options
- Banking and Bonds
Why Should You Attend
We are on the precipice of the greatest retirement crisis in history. While our aging population is living longer than ever, the bad news is traditional retirement saving methods fall short.
Our “sandwich generation” may be caring for up to 4 aging parents while still supporting their own children. This crisis is creating a financial strain on many families making it hard to appreciate the aging process, which is a valued yet sometimes stressful time already. There are financial and life decisions that if they are made proactively would help alleviate much of the financial strain that is being felt about the future. Let us help you learn how to Bridge the Gap and make this transition in life as seamless and positive as it should be.
Facts about Aging in 2017:
- In 2030 there will be 10 million residents over the age of 65
- Seniors today are outliving their retirement. What will it be like in 20 years?
- The average 65 year old couple who retired in 2015 with Medicare insurance will need an average of $275,000 to cover medical expenses during the combined remainder of their lifetimes. This estimate includes deductibles, supplemental insurance premiums, out of pocket expenses and services excluded by Medicare. No matter how you break it down, health care costs in retirement are expected to keep going up.
- 76% of Americans see the cost of healthcare as the largest barrier to retirement while 61% consider illness in a partner as a close second.
- With the rise in other aging expenses in the next 20 years, the growth rate of a nursing home will be nearly $200,000 in 20 years and about $325,000 in 30 years. In home-care costs rise by 3% a year as they have been, then the price tag could be more than $100,000 annually for 8 hours a day care.
- Healthcare costs are projected to rise between 20% to27% by 2025.
- Senior housing in Pensacola alone will be close to non-existent in 5 to 8 years.
- An Assisted Living Facility with an average cost of $2,700 per month, in 20 years will average over $9,000 per month.
- The latest aging figures show men are living an additional 17 years and women another 20 years.