Did you know that you have a nearly 70% chance of needing some form of long-term care at some point in your remaining years when you turn 65? Unfortunately, that care can be costly. That's where ...
The cost of nursing homes, assisted living and at-home care is pretty pricy these days. In fact, data shows the average nursing home facility runs seniors anywhere from $8,600 to $9,700 per month.
Demand and costs for care are rising at the same time that a labor shortage threatens to worsen. How can you plan for this need now? By Mark Miller Samir Shah is a forecaster — but he’s an expert on ...
If you think you’ve saved enough for retirement, you may not be thinking about long-term care. The long-term care industry serves people who cannot perform everyday activities, like dressing or eating ...
“We’ve been paying into long-term-care insurance since we were in our mid-50s,” said a friend, now in her late 60s. “But with all of the premium increases, we might have been better off just investing ...
More than half of Americans over 65 will need help with basic activities like eating or bathing, according to the U.S. Department of Health and Human Services. The cost of providing long-term ...
I often talk about “bucketing”—structuring a portfolio based on anticipated spending needs—in relation to overall retirement spending. Parking near-term spending needs in cash, intermediate-term ...
Most countries spend more than the United States on care, but middle class and affluent people still bear a substantial portion of the costs. By Jordan Rau Around the world, wealthy countries are ...
Most Americans think Medicare covers long-term care, the regimen of daily help that many seniors will eventually require. It does not. That basic misunderstanding has retirement experts worried. It ...