Planning for Life

Low Dementia Growth Predicted for Massachusetts

Posted by Anthony Bushu on May 3, 2017

older coupleBy Jamie Marshall

The Alzheimer’s Association has released its annual report of facts and figures about the disease, reporting that 5.5 million Americans suffer from the disease, 200,000 of whom are below age 65.

Most of those with Alzheimer’s, 82 percent, are 75 or older, with more of these between 75 and 84 than those 85 and older. This contrasts with a similar article I wrote six years ago, when most people with Alzheimer's were 85 and over. I assume this has to do with changing demographics: there are relatively few Americans in the older cohort because they were born during the baby bust of the Depression -- 85 years ago was 1932. This trend will continue for another decade and a half, and then the "older old" population will skyrocket as the oldest Baby Boomers start reaching the 85 year old threshold beginning in 2031.

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Topics: baby boomers, dementia, Massachusetts

Five Myths about How We Age

Posted by Elizabeth Stepakoff on August 1, 2016

According to Stanford Professor Laura L. Carstensen, the 20th century bequeathed us a fabulous gift:  an average of 30 more years of life!  Life expectancy at birth is now 78, whereas in the early 1900s it was only about 50.  Today there are more than 70,000 centenarians in the U.S., roughly four times the number there were just ten years ago.  We need to think about those extra decades, and how we want to spend them (and how we plan to afford them). 

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Topics: baby boomers

Some Sobering Statistics, Especially for Baby Boomers

Posted by Harry S. Margolis on November 24, 2015

By Harry S. Margolis

For most people, putting off estate planning until they're older does not present a problem. The odds are that they'll be alive and healthy for the foreseeable future. But for Baby Boomers, these odds are changing rapidly.

I developed the following (somewhat morbid) table from Social Security Administration actuarial data ( to reflect the chances of dying in any 10-year period. As you can see, it is quite small before age 50, especially for women, but then increases dramatically, essentially doubling each decade.

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Topics: baby boomers, Estate Planning

5@55: The Essential Estate Planning Documents

Posted by Harry S. Margolis on September 29, 2015

By Harry S. Margolis

What estate planning documents do you need and by when do you need them? Brooklyn elder law and estate planning attorney Judith D. Grimaldi along with her co-author, Joanne Seminara, answer this question in their new book, 5@55: The 5 Essential Documents You Need by Age 55. They make the case that for baby boomers, now's the time.

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Topics: baby boomers, Estate Planning

Why We Should Keep Baby Boomers on the Job

Posted by Harry S. Margolis on September 15, 2015

By Harry S. Margolis

Baby boomers, those born between 1946 and 1964, aged now between 51 and 69, are retiring in droves, 10,000 a day by one measure, and will continue to do so for the next two decades. Unfortunately, neither they nor our national economy can afford this. The economy needs skilled and experienced workers, even if some may not be totally up-to-speed on the latest social media phenomena. And few baby boomers have sufficient savings to see themselves through a long retirement. Those savings are more important than ever since very few baby boomer retirees will have pensions.

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Topics: baby boomers, social security

Obesity Decline a Good Omen for Elder Care

Posted by Harry S. Margolis on July 28, 2015

By Harry S. Margolis

Years ago, I interviewed Dr. Robert Butler, the father of gerontology, for a podcast series I had at the time. With complete self-interest, I asked how he thought Baby Boomers would fare as they aged, fully expecting a bright future as the result of our athleticism and the benefits of good health care. I was surprised at his response that Baby Boomers as a group could look forward to a miserable old age due to obesity.

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Topics: long-term care planning, baby boomers

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