Skip to main content

With their sheer numbers and unique approach to life, baby boomers have forever changed the landscape of the country.  Experts predict they will continue to have a dramatic impact going forward as they face the challenges of increased medical needs and concerns over long-term care.

Certainly, changes will be required. The country’s medical workforce is already stretched, and the shortage is expected to worsen. The costs of long-term care are steadily escalating, and many boomers don’t have adequate savings or insurance to cover them. Even those that do don’t view life in a nursing home in a positive light.

Thankfully, there are some bright spots on the horizon. Advances in technology may reduce pressures on medical professionals and offer additional options for seniors. Virtual and e-health medical care is growing in popularity. We now have software that monitors vital signs and tells patients when to take medications. There is an app that allows seniors to let caregivers know what they ate, what medications they took and how they are feeling. Traditional emergency-response services enable users to easily call for help; others employ activity sensors in seniors’ homes, sending an alert whenever typical actions are not taken. Two-way video conversations can replace some health aid home visits.

A substantial number of older Americans is able to avoid or delay long-term care by living with other family members. In response to this growing need, new home plans frequently include mother-in-law suites or two master suites.

Area Agency on Aging offices offer a variety of services in the home and community to help seniors retain their independence, including meal delivery, recreational activities, transportation, housekeeping help, senior companions and even assistance with minor home repairs. As boomers age, this assistance will undoubtedly increase to meet growing demands.

While it’s great to have an optimistic outlook and hope you never need long-term care, it’s always best to plan for the unplanned. I would be happy to meet with you to review your plan for long-term care and discuss changes you might consider to better prepare for retirement. Contact Jordan Dechtman, your Denver registered investment advisor representative at 303-741-9772, email him at or visit our website to schedule an appointment.

Important Disclosure Information

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Dechtman Wealth Management, LLC [“DWM”]), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from DWM. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. DWM is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the DWM’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request or at

Please Note: DWM does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to DWM’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please Remember: If you are a DWM client, please contact DWM, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.  Unless, and until, you notify us, in writing, to the contrary, we shall continue to provide services as we do currently.

Please Also Remember to advise us if you have not been receiving account statements (at least quarterly) from the account custodian.

Join our newsletter

"*" indicates required fields

This field is for validation purposes and should be left unchanged.