In California, the population of adults over age 65 has grown 18 percent since 2000, making it, at 4 million senior residents, the state with the largest senior population. With a much-touted long-term care crisis in front of us, this could pose a substantial problem for the state. “”This should be a wake-up call for our elected officials to start focusing on aging policy now,” said Paul Downey of Senior Community Centers. “Otherwise, we’ll be dealing with it in crisis-mode.” Especially alarming is the projected continued rate of growth as Boomers age: By 2030, the senior population in the Golden State will have doubled.
Kathleen Owings tells ThinkAdvisor about the two kinds of client reactions to the pandemic and leading a nearly all-male platoon.
Advisors can use technology to help clients map out how to cover health care costs today, in the near future and during retirement.
An “all-time high” in the S&P is likely this year if there is no “second wave,” he predicts.
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