Roundup: 5 Keys to Facing Longevity and Protecting Your Retirement Savings from Long Term Care Costs

Longevity might be a dream come true for some. People envisioned longer life expectancy to be the best time for them to do things they haven’t done while they were working, enjoy leisurely trips, move to their dream home or spoil themselves once in a while. But for others, it’s a dream gone awry. Why?… read more

Americans 65 and above will require some form of long-term care according to ALTCP ltc statistics. These people who are 65 and above is projected to balloon from 46 million today to over 98 million by 2060. This report by the Population Reference Bureau (PRB) in the U.S demographic shift gives us a peak of… read more

  Life expectancy continues to grow over the years. In America, the average life expectancy is 79 years. Because of this, people turning 65 in today’s society have a 70% chance of eventually requiring some kind of long-term care support. A semi-private room at a nursing home averages to $82,125 a year. So, you could… read more

Aging and long term care are the immediate problems of Americans that needs to be addressed today. The American population is living longer, which is both good news and bad news to Americans. Due to medical advancements, people will most likely live much longer today. Some people would gladly welcome it with open arms because… read more

Baby boomers retiring would face expensive long-term care costs that can wipe out their retirement savings if they don’t plan for these properly. But are they even doing enough to prepare for long-term care? Well, I’m afraid not. According to the recent retirement survey done by Go Banking Rates, 42% of Americans will only have… read more

As Americans continue to live longer, it is more likely that they will need long term care. It involves different types of long term care facilities and services designed to meet your personal care needs. Long-term care also promotes independent and safe living in case you can no longer perform activities of daily living (ADLs)… read more

Have you considered health care costs as one of the major retirement expenses you should plan for now? If not, then make sure you’re ready to shell out a considerable chunk of money to cover healthcare and medical expenses. According to Fidelity Investment’s annual retiree health care cost estimate, a 65-year old couple retiring this… read more

Elder care services can help preserve the quality of life by thwarting mishaps. Growing old is a fact of life, and everyone is subjected to that—even those who have practiced living and eating healthy. Naturally, your body becomes frailer as you age. Chances are you will need assistance in carrying out simple activities in your… read more

    Some people start saving for retirement at 50, which is a tad late than other people. However, it’s better to start saving late than not having any savings for retirement at all. The thought of not having retirement savings is scary but what’s scarier is not doing anything to secure your future. According… read more

As a long term care beneficiary, you need to handle your long term care expenses skillfully. The benefits from long term care come at a cost. You have to spend money so you can cope with aging, disability, or chronic illness. By valuing the importance of proper planning you can live with ease and with… read more