Long-term care is pricey and many people think they’ll never need it. Now insurers are suggesting a different solution.
Family caregivers provide billions in free care to family members, but the time, emotional and financial pressures weigh heavily.
Consumers tend to think of investment professionals when they think of money management, but there’s more to managing your personal wealth than putting together an investment strategy aligned with your life goals and financial needs.
Avoiding a fall is a lot cheaper than recovering from one.
For people who plan to rely on Medicaid for long-term care, knowing the differences in the states’ coverages may be a factor in deciding where they want to live in retirement.
Radar and other technology can keep a watchful eye on people, allowing them to live independently but safely.
Long-term care insurance is pricier than it used to be as the cost of care has skyrocketed, but the industry is searching for a better answer.
Considering health care costs, a long-term care strategy and managing longevity risk, the goal of not running out of retirement income requires a lot of financial planning.
Seniors can have a power of attorney in place, a health care directive and a will, but all of that planning can be overturned by a guardianship being established by a nursing home.
Combining life insurance with long-term care works for some people, but it isn’t a good deal for others.