Rajiv Nagaich is an elder law attorney, author, adjunct law school professor, and retirement planning visionary who has achieved national recognition for his cutting-edge work with retirees and his contributions to the practice of elder law. He is the founder of two firms based in Federal Way: Life Point Law, an elder law and estate planning firm, and AgingOptions, a firm that provides retirement-related education to consumers and professionals.

Rajiv Nagaich is an elder law attorney, author, adjunct law school professor, and retirement planning visionary who has achieved national recognition for his cutting-edge work with retirees and his contributions to the practice of elder law. He is the founder of two firms based in Federal Way: Life Point Law, an elder law and estate planning firm, and AgingOptions, a firm that provides retirement-related education to consumers and professionals.

The bride was 19, and the groom was 89 | Senior lifestyles

  • Saturday, March 27, 2021 1:30am
  • Life

Is it love? Or is it exploitation?

Last fall, a 19-year-old employee of an assisted living center in Arkansas married her “boo,” an 89-year-old dementia patient. She married him for his money, then used her Twitter account to brag about what she was doing.

What would you say if I told you it’s not the 19-year-old’s fault?

Before you start firing off comments accusing me of victim-blaming, let me be clear. Yes, the 19-year-old is partly at fault. But what we’re really dealing with here is a case of retirement plan failure. If the man had done of better job of planning, this whole sorry scenario could have been prevented.

Let me explain. When you’re creating a plan for retirement, it’s important to anticipate your health, housing, financial, and legal needs as you age. It’s also important to think through in advance what kind of support you will need from your family. Most retirement plans don’t address these things.

In a case like this one, it’s natural to look for someone to blame. It’s part of our culture. And I admit that when a 19-year-old hooks up with an 89-year-old and then boasts about it on social media, we’ve crossed the line into elder abuse territory.

Someone was asleep at the wheel. Where was his family? Who was looking out for him? And if there was no family, did he have a network of people to support him? Where was his appointed surrogate? Where were his healthcare agents? Where was his case manager?

This is a great example of what can go wrong when you only plan for the financial part of retirement. Our 89-year-old obviously had created a financial plan—he was independently wealthy—but he missed the mark everywhere else.

If this man had created a plan for his personal well-being in retirement, he would have known that health is more than just your physical condition. His plan would have included provisions for social connection and companionship, needs that don’t diminish as we age. He probably thought nothing about this as he was funding his trusts and buying his IRAs. It had probably never occurred to him that there might come a day when his loneliness would make him vulnerable to exploitation.

America may be the greatest country in the world, but there will always be those who want to take advantage of others. It’s one of the unfortunate byproducts of our capitalistic system. He’s a man who’s well to do. She’s a woman who’s not doing too well. It’s just another transaction in the market economy, right?

This drama didn’t have to happen. If our 89-year-old had created a coordinated, comprehensive, and multi-disciplinary plan for retirement, he wouldn’t have ended up in the path of this predator. Who is the best professional to help you with this planning? It’s not your financial planner, not your doctor, not your real estate agent, and not your estate planning attorney. It’s a LifePlanner.

Rajiv Nagaich is an elder law attorney, author, adjunct law school professor, and retirement planning visionary who has achieved national recognition for his cutting-edge work with retirees and his contributions to the practice of elder law. He is the founder of two firms based in Federal Way: Life Point Law, an elder law and estate planning firm, and AgingOptions, a firm that provides retirement-related education to consumers and professionals. For more information, visit AgingOptions.com, LifePointLaw.com or call 877-762-4464.


Talk to us

Please share your story tips by emailing editor@federalwaymirror.com.

To share your opinion for publication, submit a letter through our website https://www.federalwaymirror.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) Please keep letters to 300 words or less.

More in Life

tsr
Celebrate the holiday season in Federal Way

Santa parades, holiday tree lighting, Federal Way holiday market and more.

Centerstage Theatre
Centerstage Theatre’s holiday pantomime tradition returns

“Puss in Boots” is showing Nov. 27 through Dec. 19 in Federal Way.

2022 Infiniti QX60 Autograph
Car review: 2022 Infiniti QX60 Autograph

By Larry Lark, contributor If you want your SUV to make a… Continue reading

2022 Mini Cooper S 2-door. Courtesy photo
Car review: 2022 Mini Cooper S 2-door

By Larry Lark, contributor They don’t come around very often, but when… Continue reading

2022 Telluride Nightfall Edition
Car review: 2022 Kia Telluride

By Larry Lark, contributor Big, bold and boxy, that’s the newly tweaked… Continue reading

2021 Jeep Grand Cherokee L Overland
Car review: 2021 Jeep Grand Cherokee L Overland

By Larry Lark, contributor With almost 30 years and four generations under… Continue reading

t
Well-fed from the Federal Way Farmers Market: Carrot cake muffins

The Federal Way Farmers Market is open every Saturday through Oct. 30.

2021 Honda Ridgeline AWD Sport
Car review: 2021 Honda Ridgeline AWD Sport

By Larry Lark, contributor Honda’s Ridgeline is the perfect vehicle for anyone… Continue reading

2021 Genesis GV80 Prestige
Car review: 2021 Genesis GV80 Prestige

By Larry Lark, contributor Genesis is branching out. With the introduction of… Continue reading

2021 Toyota Sienna Platinum hybrid minivan
Car review: 2021 Toyota Sienna Platinum hybrid minivan

By Larry Lark, contributor Minivans. They were at the top of the… Continue reading