Long-Term Care’s Unexpected Costs and Their Effect on Retirement Security
About 80% of 65-year-olds will need some form of long-term care, according to the Center for Retirement Research at Boston...
Tag: long-term care
EBRI Discusses Retirement Risks From Not Addressing Long-Term Care
Employees’ perceptions of long-term care needs, knowledge and accessibility of long-term services and supports influence their financial readiness in retirement.
Long-Term Care Insurance Payouts Jumped During 2021
Clams paid this year represent a $2 billion increase over the total benefits paid by the long-term care insurance industry in 2018.
Long-Term Care Concerns Dog Older Workers and Retirees
Those that enter retirement married have the most resources to handle care needs, while women who are unmarried have the least, according to a new survey.
Including Long-Term Care Planning in Retirement Planning
Advisers can help clients create a more holistic plan for retirement by becoming familiar with and including strategies to pay for long-term care.
Trendspotting
Familial Caregiving Affects Many
Experts advise making financial plans before they are needed
End-of-Life Planning Outstrips Retirement Care Planning Among Baby Boomers
Two-thirds of middle-income Boomers know someone who has required retirement caregiving, either in their home or in a nursing home, yet few Boomers are taking action to plan...
Americans Worry About Running Out of Money in Retirement
CPA financial planners say Americans are also concerned about maintaining their lifestyle and not being able to meet rising health care costs.
Planning for Long-Term Care Needed to Alleviate Burdens on Family Members
Among family caregivers, 60% said they had no idea how demanding it would be, and that an insurance product to help with long-term care could have alleviated some...
Long-Term Care Planning Neglected by Many Older Americans
When individuals plan ahead for long-term care, they can better secure their own future while reducing financial burdens on their friends and family.
Health Care Unknowns Have Always Vexed Retirement Planners
A new “Cost of Long-Term Care” analysis published by Moll Law Group underscores the fundamental difficulty of planning for the health care unknowns faced by all retirement savers.
Trendspotting
A Secure Retirement for Only 50%
8 out of 10 households could be fine—if costs could be reduced
Female Advisers Say Women Are Underserved
Three quarters of women under 40 do not have a financial adviser.
Three Quarters of Americans Have Not Planned for LTC Needs
Yet nearly six in 10 say saving for long-term care is a financial priority