Baby Boomers Retiring: Clever Tips to Avoid Facing Expensive Long-Term Care Costs

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

Most Americans today are concerned about retirement particularly their retirement expenses. But unlike before Americans are more optimistic about retirement based on the New Generations Ahead Study by Allianz Life.   The study was conducted among 3,000 Americans – 1,000 baby boomers (52-70 years old), 1,000 Gen Xers (37-51 years old) and 1,000 millennials (20-36… read more

Using this long term care planning checklist can help many older Americans face reality: Knee-deep in long term care expenses that they need to drain their savings and assets just to make up for the costs. Another unfortunate reality is that many of the younger baby boomers following their footsteps still have no retirement savings… read more

Here’s the one truth we can no longer avoid: Retirement is fast approaching for the youngest of the baby boomers, and yet many are still far from being ready for it. Yes, many are at a loss at how to handle these issues. After all, the retirement concerns baby boomers face seem too impossible to… read more

Last Updated On:   The youngest of the baby boomers are just a few short years from turning 65. However, the ongoing changes and the obvious struggles of the ones who retired before them have left the younger boomers hesitant to take the step. Perhaps, one of the biggest concerns on their minds right now… read more

Delayed retirement is increasingly becoming popular among baby boomers, and it is primarily because of two reasons:   Longevity and the lack of retirement savings.   As many of you are aware of by now, turning 65 years old opens us to a great deal of uncertainty. Many are living longer lives than they initially… read more

The reality in the United States is this:   Baby boomer retirement is on the verge of a crisis: many are still have no retirement savings, the older ones have run out of money funding their long term care costs, and the younger ones are at a loss of ways to plan effectively.   So,… read more

Long-term care and retirement planning are two of the biggest challenges that baby boomers must overcome now. Yet, not many know how to navigate the process successfully.  As 10,000 individuals from this generation retire daily, the country is on the verge of what is being dubbed as the silver tsunami. The questions we now pose… read more

Having a comprehensive long-term care plan is necessary for every baby boomers without children today. If you look at the costs of all the care services in the country, you will find that even the lowest rates in the most budget-friendly states are not, well, cheap. These can amount to hundreds and thousands of dollars… read more

The holidays are fast approaching! And with the sumptuous meals and gift exchanging that we are all excited for comes the reality that we all must bid adieu to 2016 and prepare to welcome the upcoming one. However, ALTCP.org is not ready to close the chapter yet! From successfully aiding individuals in their retirement goals… read more