Using a financial advisor to help you plan for retirement can be a great choice: it can help you get a better grasp on your finances, understand specific goals and targets for savings, and provide you with information that you otherwise might not know.
The need for long term care continues to grow throughout the United States and the cost of that care is following suit. Genworth Financial’s annual Cost of Care Survey breaks down prices of the different long term care options available. According to the survey, assisted living facilities are experiencing the quickest rise in cost among the various setting options for care.
Several of the top Long Term Care Insurance companies have been forced to raise premium rates in the past few years due to a number of factors. Amidst all the rate increases, some policyholders have been less than pleased, but others have taken it in stride, recognizing that there is indeed a good reason behind the increases.
Retirement planning means a lot of different things to different people. For many, it means simply making estimations of how much you will need to live comfortably in retirement and putting money into savings to help achieve your monetary goal.
The rapid advancement of technology is having huge effects across industries, and the healthcare industry is not exempt. According to the 17th annual Global CEO Survey conducted by PricewaterhouseCoopers, more than four-fifths of global healthcare CEOs believe the aging population and technology in healthcare will transform the sector.
As the aging population continues to explode across the United States, more families are facing tough decisions regarding long term care. One question that has a large bearing on the issue arises time and time again: just how much, if anything, do we owe our parents?
What Do Boomers Owe Their Parents?
A recent article focuses on this question of what Boomers owe their parents.
New data says that long term care residents who qualify for Medicaid but not Medicare accrue the most expenses for their state’s program.
The US Government Accountability Office released a report detailing the expenditures of Medicaid beneficiaries based in their form of payment.
As more and more Boomers delay retirement for a lack of savings, some are taking a risky plunge and putting all their savings into a new venture: starting their own business.
Leaving Jobs Behind
A recent story in USA Today covered the journey of these Boomers, who decided retiring just didn’t sound too appealing and opted for more of a challenge, instead.
As Americans continue to deal with a lagging economy, the presence of debt seems to only be increasing. The majority of people who contribute to retirement plans have accumulated more debt than retirement savings in recent years, according to a new report.
A study conducted by Hello Wallet evaluated the financial standings of older adults between the ages of 50 and 65.
As the presence of long term care continues to increase across the country, more people are looking into the details of long term care and the direction the industry is moving. Though nursing homes were once the dominating care setting, recent data revealed that is no longer the case. The majority of long term care claims paid to policyholders are for home care, according to this new data.