How Are You Challenging Outdated Beliefs on Aging? Join the #DisruptAging Conversation.

Reply
Posts: 1,402
Topics: 51
Kudos: 1,570
Registered: ‎10-15-2013

Re: Who will take care of me when I am old?

Message 11 of 18 (180 Views)

@ASTRAEA & @nyadrn  OMG, you guys!!!  I am absolutely loving this conversation!  I'm so independent, I think I'd want one of those!  Yes, there is a "creep factor" but it's so much fun to think about as well! 

 

Speaking of "creep factor" and taking care of needs, have you seen the TV documentary about life-like human robots that people are buying as "companions?"  Whoa!

 

http://bloombergtv.ca/2016-08-30/news/love-and-marriage-with-robots/

"Never succumb to the temptation of bitterness." ~ Rev. Martin Luther King, Jr.

Posts: 34,439
Topics: 1,074
Kudos: 11,814
Registered: ‎02-27-2008

Re: Who will take care of me when I am old?

Message 12 of 18 (162 Views)

@ASTRAEAWow can't wait to see some of these amazing things!!

Life's a Journey, not a Destination" Aerosmith
Treasured Social Butterfly
Posts: 19,126
Registered: ‎12-25-2011

Re: Who will take care of me when I am old?

[ Edited ]
Message 13 of 18 (159 Views)

nyadrn wrote:


Boy now that is an interesting prospect and it is actually possible. We were talking at work about how soon there wil be driverless cars and buses and older people will be able to get around without driving and who knows what other things. I love that "thing" you install in your home for your dog where there is a screen and you can call home snd talk to your pet and they can see you and you can press a button and send them a dog treat.  Maybe our kids or a caretaker could do the same for us.   Ok that is creepy LOL

 


I definitely got a laugh out of the picture of someone remotely giving us treats! The April issue of Consumer Reports is their annual car issue, and many car (and computer) companies are projecting some form of an autonomous car by 2021 .. that's only 4 years away!

 

Honda has developed ASIMO (Advanced Step in Innovative Mobility), their robot .. said to be the world's most advanced humanoid robot.


Registered on Online Community since 2007!
Posts: 34,439
Topics: 1,074
Kudos: 11,814
Registered: ‎02-27-2008

Re: Who will take care of me when I am old?

Message 14 of 18 (142 Views)

ASTRAEA wrote:

Sorry I didn't catch this topic earlier; I had internet connectivity problems the past 2 days!

 

The money part is actually the more straight forward part, but coming up with responsible & reliable people to help you oversee things in your old age, if you don't have close relatives is more daunting .. for me at least! Not only am I single & have no children, but I have no siblings, nor am I close - emotionally or geographically - to my 1st cousins' children. There are younger cousins, but who knows what kind of adults they'll become, or where they'll live as adults.

 

Maybe I should hope for a robot. They're already using them as greeters & concierges in hotels, and I think even for assisting the elderly in taking the right pills at the right time. Maybe in another 15 or 20 years when we're in our 80s, they'll be more sophisticated .. able to cook & clean, and able to take basic medical readings & transmit them to the doctor's office, to make sure you're OK.


Boy now that is an interesting prospect and it is actually possible. We were talking at work about how soon there wil be driverless cars and buses and older people will be able to get around without driving and who knows what other things. I love that "thing" you install in your home for your dog where there is a screen and you can call home snd talk to your pet and they can see you and you can press a button and send them a dog treat.  Maybe our kids or a caretaker could do the same for us.   Ok that is creepy LOL

Life's a Journey, not a Destination" Aerosmith
Treasured Social Butterfly
Posts: 19,126
Registered: ‎12-25-2011

Re: Who will take care of me when I am old?

Message 15 of 18 (142 Views)

Sorry I didn't catch this topic earlier; I had internet connectivity problems the past 2 days!

 

The money part is actually the more straight forward part, but coming up with responsible & reliable people to help you oversee things in your old age, if you don't have close relatives is more daunting .. for me at least! Not only am I single & have no children, but I have no siblings, nor am I close - emotionally or geographically - to my 1st cousins' children. There are younger cousins, but who knows what kind of adults they'll become, or where they'll live as adults.

 

Maybe I should hope for a robot. They're already using them as greeters & concierges in hotels, and I think even for assisting the elderly in taking the right pills at the right time. Maybe in another 15 or 20 years when we're in our 80s, they'll be more sophisticated .. able to cook & clean, and able to take basic medical readings & transmit them to the doctor's office, to make sure you're OK.


Registered on Online Community since 2007!
Highlighted
Posts: 1,402
Topics: 51
Kudos: 1,570
Registered: ‎10-15-2013

Re: Who will take care of me when I am old?

Message 16 of 18 (155 Views)

@nyadrn  Thank you for bringing up this topic.  It lives in the shadows.  Everyone "knows" what they should be doing but almost everyone seems to procrastinate until there are no real decisions left.  Children who are "in the dark" should step up to the plate and initiate the conversations...their lives may be forever changed by the needs of their parents & grandparents.  They should make every effort to inform themselves by insisting on knowing what sort of plans (if any) are in place and exactly where the documentation is kept.  If there is no plan, then they'd better get busy and make notes about their futures while they get mom & dad situated. 

 

There are elder care specialists among attorneys and financial planners and local senior agencies can help one find information on how to write an "advance directive," also known as a "living will."  This would also be the time to discuss a "limited power of attorney." There are even websites on the internet one can use as a guide.  Best advice is to seek the services of an experienced "Elder Law" attorney.  Ask to have the simple documents drawn up, then put yourself (or your parents) into the hands of a competent and certified financial planner.

 

@j868138h  Thanks for laying out some unvarnished truths for all of us.  I may differ in certain views...but not enough to count!  Woman Wink

"Never succumb to the temptation of bitterness." ~ Rev. Martin Luther King, Jr.

Bronze Conversationalist
Posts: 25
Registered: ‎03-16-2017

Re: Who will take care of me when I am old?

Message 17 of 18 (212 Views)

A very good and relevant question that bears some consideration - ideally when you are in your 40s so that you are not working under the pressure of a catastrophic illness, accident, etc. that can then force unwise decisions and actions.

 

1st and foremost - IT IS NOT THE GOVERNMENT's role to take care of you so scratch that off your list immediately. (I'm allowing for a limited government role for those who are truly unable mentally or physically to actively manage their affairs and thus their fate as they age)

 

Next - you and you alone are who determines your fate and quality of life in your later years. Do not abdicate this responsibility to others as no one has as much interest in your future quality of life as you do.

 

Unless you are a baby boomer, you cannot count on social security as it exists today.  Changes will have to be made.  People are living longer so the retirement age will necessarily have to rise to around 70 to keep the program solvent. The earnings cap will have to rise or be lifted so that as wages increase folks who earn more will contribute a proportionate share - I hesitate to use the term their fair share but this is a relatively painless way of increasing revenues.

 

With their incessant "war on the successful" - the so-called rich (watch out here, this will eventually mean those middle class folks who own a home, etc.) the Liberal Progressives will eventually call for "means testing" social security so that the "rich" who do not need it, will be ineligible and the liberals will then be able to use those funds to buy more votes through even more give-away programs discussed as "being fair."

 

Full time nursing care, either private in-home or at a full service nursing care facility is very (can i say prohibitively) expensive.  And (this is an experiential comment) many private pay nursing homes will only accept Medicaid IF you first agree to pay anywhere from 2-3 years at the private pay rates and that can vary from $3500 to over $7,00 per month.  Fancy lobbies and grounds do NOT make a facility a quality care one. Institutions like Marian Manor provide affordable high quality care and should be sought out when needed.

 

Until then - how do I protect myself and my significant other?

--- two answers:

---1 - save your butt off during your working years.  Always contribute at least the minimum needed to get a full employer match to your 401k or similar plan.  If your employer does not offer a 401k or similar, then study and work your butt off to find a job with an employer that does provide this and work so hard you become indispensable to that employer.

--2 and perhaps more importantly -- while you are young - mid 40s to very early 50s - purchase and make funding a priority for Long-Term Care insurance.  Get a good policy from a reliable company and make sure it provides for in-home care (much less expensive) until your requirements exceed what can reasonably be provided at home.

 

It takes research and effort but you can maintain a high quality of life if you take personal responsibility for your future.  If you rely on "the government should and will take care of me in my old age...well when you fail to plan, you plan to fail...and if you think the Obamacare "death panels" were a myth, they were not.  If you are of a certain age, your annual, required my Medicare checkup includes questions about your personal "quality of life" and depending on how you answer them you can and will be steered toward a discussiion of medically assisted suicide as a way of ending a life that has what the government deems "poor quality." Of course, one person's poor quality is anothers high or at least acceptable quality - but you get the idea...don't rely on the government.  If you are not contributing taxes to them, you are of little use...

 

Good luck with this, if you have aging parents you can help them move in this direction through caring conversations.  Living longer is a reality and it takes effort and funding to maintain quality of life.

Posts: 34,439
Topics: 1,074
Kudos: 11,814
Registered: ‎02-27-2008

Who will take care of me when I am old?

Message 18 of 18 (220 Views)

One thing that is glaringly obvious to me is that the many stories about seniors and their issues of care and need in their later years, never start at the true beginning,...

which is the time when a person reaches a certain age and realizes that at some point in the future they might not be able to handle their needs on their own.  

 

At that time, every individual "should" realize that they need to make some plans, have some talks with family, etc to discuss the future.  There is no question that we will all age and there is no doubt that our situations will change.  We each need to take the responsibility for making plans for that coming time.  How many do?   and why not, if they don't?

 

Also, the same question could be asked of the kids and extended family.  You see your elder relative, mom, dad, sister getting older.  You know that at some time in the future the family may have to take some action.  Does anyone inquire as to where documents are, who the doctor is, what mom thinks she wants to do?

 

Seems like everyone talks about little Billie and how he is doing in school and the next family vacation but who talks about the latter years of mom and dad?

Life's a Journey, not a Destination" Aerosmith