SAVING GRACE
Traverse, Northern Michigan's Magazine|March 2020
How to finance and save for senior care.
CARA MCDONALD

A broken hip, a sudden stroke, memory loss—none of us like to think of a future in which we’re laid up or need long-term care, but sticking our heads in the sand won’t pay the whopping bills. According to the US Department of Health and Human Services, if you turn 65 today, there’s a 75 percent chance you’ll need long-term care at some point in your life.

“As hard as it is, this is part of a conversation we have every day with our clients,” says Claudia Rodriguez, a financial adviser with Edward Jones in Traverse City. “It’s a conversation ideally to have in your 40s into the 50s.” Why so soon? Because one of the most common methods of funding, long-term care insurance, looks at issues of insurability just like health and life insurance would. And, as Rodriguez points out, “we are all just one doctor’s appointment away from a diagnosis that can render us uninsurable.”

Rodriguez notes, however, that long-term care insurance is just one of three major options you should have on your radar.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM TRAVERSE, NORTHERN MICHIGAN'S MAGAZINEView All

Camping With Your Dog

Bringing your dog on your next outdoor overnight excursion? Oh, yes! With a little planning, your canine companion will enjoy camping just as much as you. These Northern Michigan spots are perfectly pet-friendly.

3 mins read
Traverse, Northern Michigan's Magazine
April 2021

SWEET ON THE BETSIE

JENA MATZEN AND GREGG TRAHEY WEREN’T LOOKING FOR A BIG HOME UP NORTH. BUT THEY DID WANT STYLE.

3 mins read
Traverse, Northern Michigan's Magazine
April 2021

REFRESH IN BLUE AND WHITE

ASKED TO MOVE A HARBOR SPRINGS HOME FROM TRADITIONAL TO TRANSITIONAL STYLE, INTERIOR DESIGNER GEMMA PARKER BUILT ON THE FRESH, TIMELESS ALLURE OF BLUE AND WHITE.

3 mins read
Traverse, Northern Michigan's Magazine
April 2021

MAKING CONNECTIONS

Explore Emmet and Cheboygan counties by foot, bike or hoof, thanks to this scenic trail.

1 min read
Traverse, Northern Michigan's Magazine
April 2021

Please, eat the violets.

The wild violets that dot our forest floors are pretty enough to eat. Go ahead—let our six simple recipes fuel your culinary imagination.

3 mins read
Traverse, Northern Michigan's Magazine
April 2021

OASIS ON ELK LAKE

ARCHITECT KEN RICHMOND DESIGNS A HOME THAT CAPTURES THE CARIBBEAN COLORS OF ELK LAKE WHILE FEELING COMPLETELY ORGANIC TO THE NORTHWOODS.

4 mins read
Traverse, Northern Michigan's Magazine
April 2021

LOSS AND NATURE

Leelanau's Cedar River Preserve provides peace and perspective.

2 mins read
Traverse, Northern Michigan's Magazine
April 2021

GO WITH THE FLOW

Celebrating an unconventional trout opener among friends.

5 mins read
Traverse, Northern Michigan's Magazine
April 2021

CHAMPION OF TREES

Archangel Ancient Tree Archive is the “most hopeful project on the planet,” says David Milarch.

2 mins read
Traverse, Northern Michigan's Magazine
April 2021

DINING OUT NEAPOLITAN, BUT WITH STYLE

American House—the Siren Hall spinoff—is making darn good pizza.

2 mins read
Traverse, Northern Michigan's Magazine
April 2021
RELATED STORIES

VIRTUAL SCHOOL: TEACHERS WANT TO IMPROVE BUT TRAINING VARIES

After a rocky transition to distance learning last spring, Georgia teacher Aimee Rodriguez Webb is determined to do better this fall. She bought a dry-erase board and a special camera to display worksheets, and she set up her dining room to broadcast school lessons.

4 mins read
AppleMagazine
AppleMagazine #458

Ronaldo and partner mourn death of newborn twin son

'It is the greatest pain that any parents can feel, couple say

3 mins read
The Independent
April 19, 2022

Question of GUILT

Susanna Reid meets British grandmother and death row inmate Linda Carty

2 mins read
TV & Satellite Week
March 19, 2022

TWICE LOST TWICE FOUND

Two fishermen discovered a nine-year-old floating alone in the middle of the ocean. Thirty-five years later, Desireé Rodriguez reunited with her rescuers.

9 mins read
Reader's Digest Canada
April 2022

Reunited With Her Rescuers

Thirty-five years after two fishermen plucked a young girl from the Pacific Ocean, a podcast leads to a remarkable reunion

10 mins read
Reader's Digest UK
December 2021

CREATIVITY, BEAUTY, PEACE

ROSANNA OCAMPO knows that maintaining healthy relationships is crucial to what she does. “We treat each other like family. That's important in any workplace because you need the peace to create beautiful things,” she says.

6 mins read
Lifestyle Asia
May 2021

A-Rod & J.Lo: WHAT REALLY HAPPENED?

WHY THE SCANDAL-PLAGUED POWER COUPLE OFFICIALLY CALLED IT QUITS

3 mins read
WHO
May 03, 2021

STRAWBERRIES GROW IN A CAVITE RESIDENCE

WHEN WE TALK ABOUT STRAWBERRIES, the first thing that comes to mind is the cold temperatures that are usually present in elevated areas such as Baguio and the Mountain Province, which are famous for this crop. This is because strawberries grow ideally in locations that have a temperature of 15 to 26 degrees Celsius.

3 mins read
Agriculture
May - June 2020