DuPont Wealth - December 2018


As technology and medical advances continue to prolong our lives, it’s becoming more and more common for people to live 20 years or longer past the age of retirement. Thus, the old rules and conventional wisdom of retirement savings no longer apply. Here’s a brief look at how longevity is rewriting the eldercare rulebook. ASSET MANAGEMENT Modern medicine may have us living longer, but cognitive disabilities like Alzheimer’s remain a risk for many seniors. This makes asset management plans more crucial than ever before, as they ensure your estate can be maintained responsibly by someone you trust in the event you lose the ability to make financial decisions. These plans can range from informal agreements to complex trusts. An estate planning expert can help you determine which of these plans is right for you and your family. HEALTH CARE The truth is that living longer isn’t cheap. The more advanced in age we get, the more likely it is we may find ourselves in need of high-cost, long-term medical aid. Unfortunately, our current Medicare system has not adjusted to the changing times. Current, long-term nursing home care is not covered by Medicare Parts A or B, meaning seniors’ best hope for coverage is to meet Medicaid’s strict eligibility requirements. LIVING ARRANGEMENTS Aging presents its own unique challenges when it comes to day-to-day living and socializing. Thankfully, there are many options available, from community services like elder day care centers to full-service residential facilities. Making sure you are not

only in a comfortable living situation but that you also have the vital social stimulation to keep your mind active can make a huge difference in your later years. REVIEWING YOUR PLANS

Gone are the days of one-and-done retirement plans. As we reach the advanced stages of our lives, our needs

and the needs of our families can change

drastically. If an estate plan does not adjust to these shifting realities, they can cease to be effective.

Don’t hesitate to play a more active role in your plan. It’s your future, after all.



Whether or not you have an open fire, you can easily roast some chestnuts using this simple, delicious recipe.


2 pounds fresh chestnuts, unpeeled

2 teaspoons kosher salt, or more to taste

• •

2–3 sprigs rosemary

Pinch of freshly ground nutmeg

1/2 cup unsalted butter, melted

Freshly ground black pepper, to taste


1. Heat oven to 450 F. 2. Place a large sheet of foil on a rimmed baking sheet. 3. On a large, flat workspace, place chestnuts flat side down. Using a sharp knife, carve an X on the rounded side of each chestnut. 4. In a large bowl of hot water, soak chestnuts for 1 minute. 5. Pat dry and transfer to a medium bowl. Add rosemary, butter, salt, pepper, and nutmeg. Toss to coat and transfer to baking sheet. Arrange in a single layer. Gather the edges of the foil together, leaving an opening at the top.

6. Roast until peels curl up, about 30–45 minutes. 7. Transfer to a platter and serve while hot or warm.

Inspired by Bon Appétit magazine

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