22+ hour, 6+ min ago  (748+ words) Long-term care planning is widely acknowledged as a critical component of a client's financial strategy. Financial professionals know this. The industry knows this. Research confirms it. Yet the conversation is too often postponed, softened or skipped altogether. This creates what…...

4+ mon, 4+ week ago  (836+ words) An advisory firm with a client base with a median age of 65 has about 14% of its revenue controlled by clients with Alzheimer's disease. There is one type of risk financial professionals have left largely unaddressed, according to a Retirement Income…...

7+ mon, 1+ day ago  (892+ words) Even a strong retirement savings plan can be derailed by an overlooked and surprisingly common financial burden: long-term care. About 80% of 65-year-olds will need some form of long-term care, according to a report from the Center for Retirement Research at…...

7+ mon, 3+ day ago  (518+ words) The report found that the increase is consistent with a "general upward trajectory of projected health-related expenses" for retirees. A 65-year-old retiring in 2025 can expect to spend an average of $172,500 for health care and medical expenses throughout retirement, according to…...

7+ mon, 1+ week ago  (772+ words) In a July 22webinar, the Employee Benefit Research Institute and Morningstar revealed that employees" perceptions of long-term care needs, knowledge and accessibility of long-term services and supports, as well as longevity influence their financial readiness in retirement. The webinar was based…...

8+ mon, 3+ week ago  (75+ words) With more than 53 million Americans providing unpaid care, the financial and emotional pressures of caregiving are intensifying. As millions of Americans take on caregiving roles, the financial burden is growing and many are unprepared, according to a nationwide study conducted…...