The Rising Cost of Long-Term Care: Evaluating the Financial Implications for Retirement
As you plan for retirement, it’s important to consider not only your desired lifestyle but also potential challenges that may arise, including the need for long-term care. Long-term care encompasses a range of services for individuals who have difficulty performing everyday tasks due to age, illness, or disability, and recent data shows that about 70% of retirees will need it at some point. As the costs for long-term care continue to increase, understanding the financial implications and exploring strategies to address them becomes a crucial component of your retirement planning. Below, we’ll discuss the importance of long-term care planning to […]
5 Reasons Women Should Plan for Long-Term Care
Women Face Many Challenges in Retirement and Planning Ahead is Key to Achieve Financial Security As healthcare costs continue to skyrocket, it’s becoming more and more important for American workers to develop a plan for addressing the costs of long-term care within their overall retirement plans. Failing to do so can pose a significant risk to your financial security, and it’s particularly critical for women, who already face extra challenges when it comes to living comfortably in retirement. Below we’ll discuss five specific reasons that women should consider the costs of long-term care when planning for retirement.
