Retirement Finances

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...

Article encourages partial annuitization through fixed annuities as a prudent approach to planning one's retirement finances. Even if you invest well and diversify your portfolio, you can't be completely sure that you'll outlive your money. That's where putting a portion of your assets into an immediate annuity can be useful -- by guaranteeing a stream of income for life, supplementing what you'll get from Social Security and any employer pension you might receive. Source: Motley Fool Full Story