RETIREMENTGUY

Three things are true about long-term care, though many Americans don’t want to believe it: You are very likely to need it in old age. It will cost a lot more than you think. And, no, Medicare won’t pay for it. Two recent studies help explain how Americans think about the financial aspects of their long-term care needs, and why they are so poorly prepared. But the results also may hold a key to future policy solutions to the challenges of funding personal care in old age....

Taking over as the caregiver for a loved one can be stressful for many different reasons, and it comes with a lot of unanswered...

Inheritances might be how you build generational wealth, but according to a new study conducted by Edward Jones and Age Wave research,...

An individual person who shoulders full or part of a deceased person’s funeral expenses cannot claim funeral or burial expenses on their...

Death isn’t a pleasant thought, but the reality is that everyone dies, and death taxes can be challenging for family and friends. After...

Despite a growing need for investors to start thinking about their long-term care needs, a study from Lincoln Financial Group, found that...

For millions of baby boomers, Gen-Xers, and millennials who have no long-term care strategy, the pandemic has sent a message: Act now or...

If you have one or more policies in place, ensuring that you have appropriately nominated your beneficiaries and that your beneficiary...

It’s beautiful and helpful and should be required reading for all of us as we age. My friend texted this to me about Being Mortal (Atul...

Genworth’s recently released 18th annual cost-of-care survey showed that the cost of long-term care services increased across all...

The cost of living rises every year, which makes paying for basic expenses more difficult. Long-term care (LTC) premiums are increasing,...

Washington workers will soon start paying a new payroll tax to fund a first-of-its-kind long-term care program. The WA Cares fund was...

Only one-fifth of 65-year-old Americans won’t need long-term care services. Everyone else can expect to require some level of it — and...

Saving money for retirement is only part of ensuring a financially secure future. The other half involves making smart decisions about...

For months, families and operators of long-term care facilities have been telling me about the indirect toll the covid-19 pandemic has...

Everyone should be saving for retirement. But if you're a woman, you should be saving more than your male peers. As of 2019, the average...

Emotions involved with caring for the elderly can seem almost as overwhelming as the finances. As your loved ones age, what topics must...

There are some 73 million baby boomers in the U.S., and by the end of the coming decade, all of them will have turned 65, according to...

Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a...

Do you sometimes think about what your life will be like when you retire? Most people imagine living independently in comfortable and...