What are you doing to provide for your long-term care?

Most people who reach the age of 65 will eventually need some sort of long-term care, and few of them have saved enough for it. Today’s Question: What are you doing to provide for your long-term care?

  • Darin

    I’m going to the gym 3-5 times per week and eating light meals heavy on fruits and vegetables. That alone will probably solve 80% of all long-term health care needs.

  • Hiram

    Nothing really. Like most Minnesotans I fully intend to stick the state with the bills simultaneously with my whining about how my taxes are too high.

  • Clark

    Travel to Hudson Bay and float away on an iceberg as this would be a more desirable end then living remainder of elder years in a nursing home.

  • Wade

    Attempting to eat properly and exercise regularly. However old age and disease is inevitable for all of us.

    Once I get close enough to an age of concern, I’ll be investing in long term care insurance. I’ve worked to hard over the years to cheat my wife and future kids out of my legacy money all for long term care.

  • Duane

    When my wife and i were 51 & 52 years old,we took out a Long Term Insurance policy at cost of $81 per month which provides $300,000 for me and $500,000 for my wife. This amount of funds plus my Social Security and pension should provide the funding for most Care Facilities. Couple this with proper diet and exercise I hope should cover moderate care should it be needed.

  • Steve the Cynic

    My heirs don’t need an inheritance. They can take care of themselves. If my assets go to provide jobs for hard-working nursing assistants, that would not be a bad thing. The main thing I’m doing is letting it be known that I don’t want to be in a for-profit nursing home, because they have an economic incentive to keep you sick.

  • Barb

    I think I will be able to figure it out .long as my mind is intact. If I can not make my own decisions I have a very specific health care directive the basically commands comfort care only with no treatment or care that will extend my life.That includes meds,antibiotics and food supplements..

  • Amy

    I’m 28 years old so its hard to think about plans for my own long term care at this stage in life. However, I work in the long term care field as a care coordinator for one of the health plans managing state MA dollars, so I definitely know what exists now and what probably won’t exist because of lack of funding in the next few years. Message to all over age 50: buy long term care insurance!

  • Gary F

    Long term care insurance. Dollar cost averaging monthly into the stock market. Maxing out my Roth.

    What it comes down to is living within your means. What a concept.

    If it means less eating out, or not buying that $3 cup of coffee, or having the big cable/dish package, or how many I-tunes you download a month, or buying the overpriced food at the movie theater, or the chips and soda at the gas station when you fill up, or needing to have the newest cellphone. Need versus want.

    My mom had a stroke 13 years ago and is in a nursing home. My dad burned through all his long term care insurance and much of his savings.

  • Shane

    I am doing the same thing everybody else is. Nothing. Why would I provide for my own future when the state will do it for me? So I am going to continue to purchase new cars, big screen tv’s, the best internet/cable package I can get, vacations, a big house, computers, smart phones, etc. Then when I need the long term care I’ll just stick my friends and neighbors (not to mention my children) with the bill. Makes perfect sense to me!

  • James

    Eat right and exercise:

    Two eggs, bacon, toast, coffee,,, maybe a buttermilk waffle.

    Walk the dog 2 miles a day, 40 sit ups, 40 push-ups, and 15 pull-ups.

    Shoot competitive hand gun (IDPA) to keep the reflexes sharp.

    Go to church.


  • steve

    i havent really given any thought but i go by the motto you dont stop running when you get old you get old when you stop running!

  • Matt A

    As always, Steve the Cynic has the response which is most fun to read.

    For me, I intend to invest in long term health care insurance.

    I’m positive I’ll avoid a nursing home like the plague. I’ll probably just be a stubborn scowly old man spouting off about not wanting to be a burden to anyone and hoping my savings is enough.

    That’s about as much though as I’ve put into it so far.

  • Tamara

    I’m being really good to my kids, hoping they’ll take me in if I run out of funds during my golden years [grin].

  • James

    What can I do? I don’t have a good job. From listing to some of the programs aired on MPR recently, I will never have a good job.

  • Neil

    My strategy is to first avoid it as much as possible by staying fit and eating right. It seems like every day a new connection is found between poor health habits and becoming incapacitated and/or dying early.

    “Shane” has the best cynical response.

  • Tony

    I won’t need long term care because I’ll be working paycheck-to-paycheck until I die.

  • http://http Kathy

    Around age 70 we’ll give all of our assets to our very trustworthy daughter.

  • Rob

    Hoping to live long enough to see my kids major life events, maybe meet my grandkids, then die fast before such things are a worry. Maybe take the “long walk” before I become a burden on my family.

  • Kevin VC

    Long term care?

    Being unemployed and not able to take care of the ‘short term care’ that is like a foreign word that makes no sense.

    And every day I hear someone talking about presumed entitlements to their wealth I start to grab the Maalox or Koapectate…

    Sorry Money exists as a community agreement of trade and if the community who put that money together do not agree then the money has no value.

    Stop just thinking of yourselves, those who already have their basics fulfilled, and realize your money is a charge of responsibility to the community. That you are part of the problem the community has if you are not part of the solution.

    This is just common logic.

    Now if you get me going on the moral side, well ….

    (I prefer not to)

    Remember the one thing that got Jesus so upset he was suddenly noticed by the Roman guards?

    Money Changers….

    Why can’t humans be Humane to one another?

  • http://www.idealpolicy.com Rose

    During the 1960s, my generation changed the way society looked at growing up, marriage, giving birth, children, etc. For good or bad, those who came of age during that time had a different way of living.

    We will bring the same revolution to the way we choose (or not choose) the way we die. My personal perference is to be “left in peace and left alone”.My children and my doctor know my wishes. My preference is to die conscientiously

  • http://www.facebook.com/ Jenita

    Thanks for sahrnig. What a pleasure to read!