Healthcare Expenses

Questions and Answers on Long-Term Care Insurance

There is a very good article in the New York Times on long-term care insurance . The article is largely in a question and answer format. It is non-technical and there are many comments and questions from readers that should prove very useful to anyone taking a look at long-term care insurance products for themselves or for a family member. There are good, basic questions such as "why should I buy long-term care insurance" and "don't Medicare and Medicaid cover long-term care?" Long-term care...

Up to 64% of American Households at Risk of Failing to Maintain their Standard of Living in Retirement

The Center for Retirement Research at Boston College released a brief and an update of their National Retirement Risk Index (NRRI).  A link to the brief summary can be found here.

The NRRI shows the percentage of American Households that are at risk of failing to maintain their standard of living in retirement.  The index shows that 44% of American households are at risk.  This figure increases to 61% when healthcare costs are included, and to 64% when the...