Updated Tuesday, July 22, 2014 as of 9:39 PM ET
Practice - Retirement Planning
Longer Lives, Higher Costs: Is Your Firm Ready?
Sunday, September 1, 2013
Print
Email
Reprints

Fifty may be the new 30, but James Bashaw is feeling old. The founder of a namesake private wealth management firm in Houston is reasonably healthy, but his wife Kim, who is just three years older than him, was diagnosed three years ago with Huntington's disease, a genetic illness that causes progressive degeneration of nerve cells in the brain, resulting in physical and cognitive disorders and eventually dementia. Lately, Bashaw has spent hours filling out forms to move her into an assisted living facility. The questions are "overwhelming," he says. "It's not that you don't know the answer, it's that you don't want to think about it." Fortunately for the couple, the cost of Kim's care is covered by the long-term care insurance he bought many years ago, when Kim's father was diagnosed with the disease.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Lists
2014 Summer Reading List for Advisors

Current Issue

The June Issue is now online!


TWITTER
FACEBOOK
LINKEDIN

Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here