Mattson Financial Services - October 2018

HIDDEN FEES AND ADDED SERVICES THE REAL COST OF ASSISTED LIVING

According to the U.S. Census Bureau, the population of seniors is growing. Projections indicate that 56 million seniors will inhabit the country by 2020 and 74 million by 2030. As the number of seniors increases, so does the need for senior living facilities. While you can still find plenty of traditional nursing homes, assisted living facilities have soared in popularity over the years. While this type of community has many benefits for seniors and their families, it can be difficult to parse exactly what you’ll be paying for. The pricing structure and contract details require careful consideration before you decide on an appropriate facility for your loved one. Prices for assisted living facilities vary significantly. Because they offer a slew of services, you need to be fully aware of what you’re paying for. The base price you are quoted will usually include rent, meals, and activities offered on the premises. Some companies may offer a few additional basic services included in this cost, but as a rule, you can expect that any extra services will increase the price.

Add-ons for assisted living services can range from basic hygiene needs to medical costs. If your loved one needs help dressing, you can expect an additional fee. The same goes for medication reminders, escorts to meals, incontinence care, and many more services. On-site activities are usually folded into the base rate, but be sure of that before signing. Access to a gym, pool, or pharmacy, for example, may incur extra charges. One advantage of the pricing model of assisted living facilities is that you can add services at any time. Many care facilities house seniors of varying health and ability levels. In the event that your loved one needs more services, they can be easily added to your payment package. However, it’s important that you read the terms and conditions detailing any services you decide to include. Otherwise, you may end up paying for a service your loved one doesn’t need.

‘THE ART OF LEARNING’

A Child Prodigy Rethinks Success

who had to relearn everything because of it. Yes, “The Art of Learning” reads like a gripping, emotional memoir, but make no mistake — Josh Waitzkin’s work doubles as an effective guide for business owners striving to attain perfection in their fields. JoshWaitzkin’s name will be familiar to longtime chess fans and movie buffs alike. As a child prodigy, Waitzkin won his first national chess title at age 9, which quickly made him an international sensation. His father, Fred Waitzkin, wrote the renowned book“Searching for Bobby Fischer,”chronicling his young son’s journey into the world of chess. This then inspired the movie of the same name. Now, one does not normally think of child prodigies as being great sources of insight into finding success. By definition, prodigies are exceptional — exceptions who operate on a different playing field than most. But Waitzkin firmly positions his journey through the chess world as the antithesis of what he calls “the art of learning.”

As the author states,“The moment we believe that success is determined by an ingrained level of ability as opposed to resilience and hard work, we will be brittle in the face of adversity.”Waitzkin was very gifted at chess, and he didn’t have to push himself early on, but by the time he did find challenging opponents, he found loss and adaptation impossible to handle. It wasn’t until he stepped out of the rigid grids of chess and into the flowing movements of tai chi that Waitzkin was able to formulate a guide to success. Appropriately subtitled “An Inner Journey to Optimal Performance,”Waitzkin’s story of grappling with childhood stardom and climbing the brackets of the tai chi chuan circuit is full of wisdom applicable to anyone looking to achieve mastery in their field. With compelling personal anecdotes and a unique perspective on what success really looks like, “The Art of Learning” is a fresh, vibrant addition to the personal development genre.

This is a book about a journey. It chronicles a life of international chess tournaments, high-stakes martial arts competitions, a boy who found too much success, and the man

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