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Long-Term Care

The “Great Wealth Transfer”: Considerations For Boomers, Their Heirs & The Financial Industry

“Over the next several decades, baby boomers – the wealthiest and one-time largest generation in U.S. history – will pass down an estimated $30 trillion in assets to their children and grandchildren,” notes the author of today’s article which looks at the considerations this so-called “great wealth transfer” creates for boomers, their heirs and the financial industry itself. The first… 

Top Retirement Planning Mistakes, As Told By Financial Planners

When it comes to retirement planning, today’s article provides a case study in what not to do. In fact, it provides seven of them, as relayed by the financial planners who have seen people make these big retirement planning mistakes first-hand. From being too optimistic (or, conversely, too pessimistic) about one’s financial situation, to underestimating the impact taxes will have… 

The Quest For Affordable Long-Term Care Insurance: 5 Insider Tips

While the Department of Health and Human Services estimates that almost 70% of those turning 65 today will require long-term care at some point (and 20% will require it for longer than five years), today’s article acknowledges that – shocked by the prices – too many are choosing to forego this insurance. As such, today’s article outlines five “insider tips… 

“A Grim Picture”: New Estimates On The Cost Of Medical And Long-Term Care In Old Age

$400,000. This is the amount the typical 65-year-old couple will need to save in order to pay for out-of-pocket medical and long-term care costs in old age, according to new estimates from Fidelity Benefits Consulting. As per today’s article, that amount is “$60,000 more than the typical couple’s entire savings at retirement, including equity in their home.” To read more… 

Alternatives To Traditional Long-Term Care Insurance

When it comes to traditional long-term care insurance, the author of today’s article acknowledges that “for the typical retired couple in the United States, $3,200 a year is a meaningful expense. Especially when they are paying for something that they might never use.” As such, he provides an overview of how the insurance industry has changed over the last several… 

Rethink These Myths Before They Impact Your Retirement

In light of the reality that many Americans are on track to fall short of meeting recommended retirement savings targets, as well as the finding that almost half of working-age households have no money saved in retirement accounts, the author of today’s article believes it is time for many to rethink their beliefs about saving, investing and retirement. As such,…