long term care insurance

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?

People who purchased long-term care insurance are getting a nasty shock: Insurers are demanding huge premium hikes.

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.

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?

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.

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."

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.

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?

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.

Long-term care is horrifyingly expensive – as The New York Times pointed out in an analysis this week, entitled "ignore Long-Term Care at Your Peril." Long-term care insurer Genworth offers this 2010 online state-by-state calculator of the cost of long-term care. The government offered these...