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4 Common Long Term Planning Excuses

4 Common Long Term Planning Excuses 4 Common Long Term Planning Excuses

According to the 2012 State of Planning Survey commissioned by Genworth, Americans aged 35 and over have many excuses for why they don’t have a plan in place for their future long term care needs. In this first part of our two-part series on long term care planning, we look at reasons behind long term care avoidance among Americans.

Here are 4 common excuses respondents have avoiding long term care planning:

Source: “2012 State of Planning”, Genworth Financial

1. Not wanting to think about being dependent on others 1. Not wanting to think about being dependent on others
2. Not finding the right time to discuss options with loved ones 2. Not finding the right time to discuss options with loved ones
3. Thinking they can handle it themselves 3. Thinking they can handle it themselves
4. Being unaware that long term care was something to plan for 4. Being unaware that long term care was something to plan for
Implications Implications

This avoidance and lack of initiative can have significant consequences for consumers in the long run, especially considering that, according to the U.S. Department of Health and Human Services, Americans reaching the age of 65 have a 70% chance of requiring long term care.

So how do you overcome putting off long term care?

Pyschologist and Money Coach Dr. Barbara Nusbaum provides tips for “Resilient Planning”

According to the 2012 State of Planning Survey commissioned by Genworth, Americans aged 35 and over have many excuses for why they don’t have a plan in place for their future long term care needs. In this first part of our two-part series on long term care planning, we look at reasons behind long term care avoidance among Americans.

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