Long-term care is one of the trickiest topics in financial planning. The potential costs are quite high, yet the available insurance products leave something to be desired.
Three researchers with the Center for Retirement Research at Boston College recently sought to answer a few of the questions that you have likely asked yourself: how likely are you to need long-term care? And how likely are you to need a severe level of care as opposed to a more minor level of care? And how long is your need for care likely to last?
- What Level of Long-Term Services and Supports Do Retirees Need? from Anek Belbase, Anqi Chen, and Alicia Munnell (pdf)
Recommended Reading
- Enrollment Trends in Medicare Options from Kim Blanton
- On the Link Between Great Thinking and Obsessive Walking from Jeremy DeSilva
- Charles Schwab Discloses SEC Investigation of Digital Advisory Business from Ciara Linnane
- The Psychological Benefits of Commuting to Work from Jerry Useem
- When Should You Self-Insure? from Darrow Kirkpatrick
- Don’t Be Dogmatic About Retirement-Portfolio Withdrawals from Christine Benz
Thanks for reading!