long term care insurance

Boomers Need to Talk About Long-Term Care

No one wants to talk about death, illness or divorce, but holiday get-togethers provide an opportunity to get discuss these important topics to ensure a successful retirement.

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.

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.