Poll: Aging Americans in Denial About Need for Long-Term Care
Americans underestimate their chances of needing long-term care as they get older -- and are taking few steps to get ready, a new poll shows.
long term care insurance
Why Long-Term-Care Insurance Premiums Are Soaring
Most U.S. seniors will need long-term medical care, and millions bought long-term-care insurance to pay for it. Now, massive rate hikes may price them out of their policies.
Why Your Financial Planner Isn't Giving You the Advice You Want
Most people could really use some help managing their finances, yet relatively few seek the services of professional financial planners. The reason: Those pros typically aren't focusing on what the average client really wants.
The Biggest Risk to Your Golden Years -- It's Not What You Expect
We devote our entire working lives socking money away for tomorrow. But even the most well-crafted and seamlessly executed financial plan does nothing to mitigate one enormous risk we confront. Sadly, we typically don't realize this threat until we come face-to-face with it.
An Insurance Policy Made to Order for the Sandwich Generation
Millions of baby boomers have watched long-term care expenses decimate their parents' finances, and realized they needed better plans for their own golden years. Could asset-based long-term care insurance policies be the solution?
Long-Term Careless: An Insurance Nightmare As Premiums Nearly Double
People who purchased long-term care insurance are getting a nasty shock: Insurers are demanding huge premium hikes.
7 Resolutions for Retirees in 2012
Retirees may be past the days of resolving to work out more or buy fewer $4 coffees. Yet when it comes to money in particular, resolutions may be even more important for those living on fixed income. From financial nuts and bolts to more holistic aims, here's a look at seven worthy resolutions for retirees to commit to in 2012.
Do You Need Long-Term Care Insurance?
According to the Department of Health and Human Services, those of us who reach age 65 will have a 40% chance of entering a nursing home, and 10% will stay in one for five years or more. So does this mean you need long-term care insurance?
Demise of Obama Long-Term Care Plan Leaves Gap
It's the one major health expense for which nearly all Americans are uninsured. The dilemma of paying for long-term care is likely to worsen now that the Obama administration pulled the plug on a program seen as a first step.
'Doctor Marion' Takes Elder Care Message on Tour
More than 8,000 Baby Boomers are turning 60 each day, and many have made serious miscalculations about what they'll need in retirement. So Elder advocate Marion Somers, Ph.D., is crisscrossing the country again to spread the word: "This country is going to be hit with a geriatric tsunami and we are not prepared."
Caring for Aging Parents Will Cost Boomers $3 Trillion
You would probably do anything for your mom and dad, but the cost of caring for them in their old age can be crippling. A new study shows that the nearly 10 million Americans who are providing care for their aging parents will lose an estimated $3 trillion to do so.
Insurance Riders: When to Say Yes to Extra Protection
Ordinary insurance policies cover the basics -- but what if you want more? The industry will happily take more of your money to give you the added piece of mind that a rider can provide. The question is, when are riders worth it?
When It's Worth It to Pay a Financial Guru
America is DIY Nation, but in certain financial situations, a do-it-yourself strategy can make a bad situation much worse, because in investing and money matters, most of us don't know what we don't know. Here are eight times in your life when the high stakes demand that you call in the experts.
Investing at 60: Pacing Yourself for a Long Retirement
Personal finance expert Jean Chatzky has reached the last post in this series, aimed at those of you who are age 60 and over -- or interested in a little advance planning. Here are your tips for making that nest egg last as long as you do.