Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Long-Term Care Planning

Seniors should prepare for long term care needs.

X
Your article was successfully shared with the contacts you provided.

44% of pre-retirees will be at risk of not having enough savings to maintain their current lifestyles once they retire, excluding health care and long term care costs.*

64% of pre-retirees will be at risk of not having enough savings to maintain their current lifestyles once they retire, including health care and long term care costs.*

24% Probability that a 65-year-old in 2010 will spend a year or more in a nursing home.**

75% of long term care policies cover both nursing home care, and in-home care.***

Source:
*Center for Retirement Research
**Congressional Budget Office
***Brown and Finkelstein


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.