long term care

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?

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.

For the first time, there's a state-by-state scorecard of America's performance in providing long-term services and support to senior citizens and people with disabilities, and the results aren't much to brag about. But they do point the way toward improving the long-term care system -- and saving the nation billions.

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.

My grandmother died at home in her own bed, surrounded by her 13 children and dozens of grandchildren. Her daughters and daughters-in-law cared for her the last six months when she was bedridden and in pain. For today's aging Baby Boomers, however, that scenario is unlikely to be repeated because...