You are noticing that one of your parents/grandparents is getting older. He/she is starting to have challenges with memory, and you notice an increased need for additional support for his/her chronic health conditions. Using the information in the textbook (Chapter 7), consider your and your parent’s/grandparent’s personal financial resources, interests, lifestyle, and needs. Next, describe and discuss at least 2 long-term care options that you would consider discussing as options with your parent/grandparent. In that discussion, identify at least 2 advantages and 2 disadvantages for each of the long-term care options you selected.
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