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Is Long Term Care a "Gray" Area?

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According to the most recent statistics, the cost of a nursing home has increased 54 percent over the past 15 years and, for the first time last year, reached an average of $100,000 per year.  So as more and more retirees continue feeding the “silver tsunami” relocation to our state, this is becoming an increasingly important topic.

Mike Switzer interviews Barbara Franklin, a long-term care specialist in Charleston, SC.

  

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.