The Problem With Aging
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The Problem With Aging

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How to solve issues we all face in retirement, income and health care, running out of money.

How to solve issues we all face in retirement, income and health care, running out of money.

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  • We’re going to spend the next half hour together to let you know about some important issues facing all of us. The educational portion will be about 90 percent of the next 30 minutes and we’ll close with a few minutes to let you know what’s going on with us, in case you are interested. Is that fair?
  • The common perception is 20 years older than we are presently. A Roper’s Study showed people age 50 think 70 is old, 70 think 90 is when old age sets in.
  • The easy answer is have enough money or don’t live too long!
  • Smart pills to burn off fat here in 10 years, caloric restriction. The fewer calories we take in the longer our life adding 10-15 years. Nanotechnology will put a small nanochip to let “control central” know about impending diseases developing.
  • Between 1991 and 2001 bankruptcy up in seniors more than 244%

Transcript

  • 1. The Problem With Aging Have you solved it? Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 2. Did you know?
    • Two-thirds of all people in history to live to age 65 are alive TODAY.
    • The fastest growing age segment in the U.S. is 85 and over. (Willard Scott will be very busy.)
    • The U.S currently has more people over 65 than Canada has people.
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 3. How old do you feel?
    • How many feel 10 years younger?
    • 20 years younger?
    • 30?
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 4. A Roper Study
    • People age 50 believe old age arrives at their 70 th birthday.
    • People age 70 believe old age sets in at 90.
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 5. Denial isn’t just a river in Egypt Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 6. Denial has it’s downside . . . Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 7. The “Graying of America”
    • Between 2004 and 2020 the over 50 group will grow by 74%
    • During the same time the under 50 group will grow by only 1%
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 8. The New Family Tree Content copyright 2011-2012. Financial Answers for Care. All rights reserved Sara Knauss, Allentown, PA Lives to 119 Grandson Age 79 Daughter Age 97
  • 9. A Glimpse of the Future
    • Sarah (after 53 years of Social Security)
    • Her Daughter (lived to age 97)
    • Her Grandson (lived to age 79)
    • ON SOCIAL SECURITY AT THE SAME TIME
    + +
  • 10. What We Fear in Retirement
    • In 1960 it was dying,
    • Now it is “Will I outlive my money?”
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 11. Can We Keep Extending Life?
    • Keeping telomeres from shrinking stops
    • aging in all of our major organs.
    • We can currently split the human
    • cell 400 times or prolong life
    • 8 times lifespan in the lab.
    • Smart pills, caloric restriction, nanotechnology all on the horizon.
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 12. Little Known Fact: Medical Advances Create More Poverty
    • Adding just 2 years of life to 5% of those 65+
    • They will be old enough (and poor enough) to go onto Medicaid (not Medicare.)
    • This will cost 140 Billion (per year) in housing alone.
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 13. As Life Expands, Money Shrinks!
    • “ Interest-Rate Bankruptcy” means eroding principle for many seniors as they dip into principle.
    • Older Americans after years of work and saving are the fastest growing segment claiming bankruptcy .
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 14. The 3 Biggest Problems to Solve
    • Securing your income for a long retirement.
    • 2. Long-term health care costs .
    • Keeping income and health
    • care plans in line with inflation .
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 15. The Truth About Senior Health Care
    • Medical costs have been rising at 2x the rate of inflation for over 25 years.
    • Medicare fails in providing for long term health care situations and paid only 20% of LTC bills in 2005.
    • An estimated 20% raise in income taxes would be needed to pay for this care alone .
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 16. 3 Ways to Avoid Outliving Your Money
    • Choose guaranteed hybrid long term care solutions.
    • Consider dual-purpose products for income which allow you to maintain access to your funds.
    • Control your money and with it your future health care options by being educated on the issues.
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 17. Hybrid Example: 60 yr-old couple 100,000 Bank 100,000 YOURS 145,000 Theirs 245,000 LTC or Heirs Income-tax free Insurance Co.
    • Safe
    • Accessible
    • Guaranteed
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 18. New Legislation Creates Tax “Forgiveness” for Seniors 50,000 Principle Invested 100,000 Totally Income Tax Free For LTC Current Annuity New PPA Annuity 50,000 Taxable Gain Tax-free exchange
    • Safe
    • Accessible
    • Guaranteed
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 19. Do you believe
    • You could run out of money in retirement?
    • There are health care bills that the government won’t pay for?
    • We have information you need to protect yourself and your family?
  • 20. Let us help, before time flies by
    • We specialize in hybrid, dual purpose money solutions working with you and your other advisors.
    • We offer patented products with lifetime guarantees for your peace of mind.
    • We have 5 easy questions to get started solving your biggest retirement concerns today.
    Content copyright 2011-2012. Financial Answers for Care. All rights reserved
  • 21. 5 Simple Questions
    • What is your current age ?
    • What is your gender ?
    • If married, age and gender of spouse ?
    • Has memory loss already occurred?
    • Is mobility an issue for you now?
  • 22. Send Answers by Email or Call
    • [email_address]
    • (314)780-5771 and leave a message with your information and I will get back with you right away.
    • Thank you for allowing us to serve
    • you and your loved ones.