People underestimate what their costs of living in retirement will be in three critical ways: Assuming you’ll spend less in retirement than while working: The majority of people have never really sat down and calculated what they’ll need every month.You need to be comprehensive in listing out all expenses. List everything you might spend in… Continue reading Three Ways You’re Underestimating Retirement Costs
Tag: long-term care
Is Your Retirement Plan Ready for The Longevity Revolution?
Americans are living longer than ever, with the average life expectancy now rising to about 79 years. Some have referred to this trend as the “longevity revolution,” but it’s also creating a revolution in the way people think about retirement. What worked for retirees a generation ago isn’t going to work today. For most people,… Continue reading Is Your Retirement Plan Ready for The Longevity Revolution?
Planning for Your Own Long-Term Care
Planning for our own long-term care may not be pleasant, but it’s essential. In this guide, the National Institute on Aging shares how you can look after yourself and your future: You can never know for sure if you will need long-term care. Maybe you will never need it. But an unexpected accident, illness, or… Continue reading Planning for Your Own Long-Term Care
Afraid of a Hefty Long-Term Care Bill?
Even as aging Americans revel in the splendor of their well-earned retirements they still harbor plenty of worries, such as outliving their savings. Near the top of the worry list is the fear their health will deteriorate so much they’ll be forced to seek long-term care, a situation that could live them and their families… Continue reading Afraid of a Hefty Long-Term Care Bill?
Americans More in Control of Their Long-Term Care
The provision of long-term care in the U.S. has shifted from what was once a predominantly institutionally based system of care to one in which recipients can increasingly receive a range of both medical and supportive services at home and in the community, according to the latest edition of The Gerontological Society of America’s Public… Continue reading Americans More in Control of Their Long-Term Care
The Long-Term Care Patients Who Are at Highest Risk for Hospitalization
Long-term services and supports are provided to 12 million people who live in nursing home and assisted living facilities, as well as their own homes. Within that group, New York University researchers found, people who have a high probability of suffering from cardiopulmonary disease are hospitalized more often than people with other kinds of conditions.… Continue reading The Long-Term Care Patients Who Are at Highest Risk for Hospitalization
Long-term Care: Perceptions, Experiences, and Attitudes of Americans 40 or Older
The Associated Press-NORC Center for Public Affairs Research announces the publication and availability on April 24th 2013 of a major survey that provides a new baseline of understanding about what Americans 40 years or older believe about their need for long-term care services, what such care would cost, and how such issues fit into their… Continue reading Long-term Care: Perceptions, Experiences, and Attitudes of Americans 40 or Older
Five Ways to Start Preparing for Retirement
The “Greatest Generation” experienced the burgeoning of government and corporate pension and health-care plans post-World War II, but baby boomers and later generations are facing the severe compromise of those benefits. While thousands of boomers reach retirement age every day, they will continue to take on more responsibility for providing income for their essential living… Continue reading Five Ways to Start Preparing for Retirement
Long-Term Care: Are You a Denier?
The statistics are staggering. About 10,000 baby boomers turn 65 each day and the U.S. Department of Health and Human Services reports that more than 70 percent of people over 65 will require long-term care services at some point. But few people make preparations for this inevitable part of life that can drain a family… Continue reading Long-Term Care: Are You a Denier?
Are Some Hospital Patients Kept Longer than Necessary?
Some hospitals may be keeping patients longer than necessary because of the way Medicare determines payment rates, according to a study from the UCLA Fielding School of Public Health. Medicare pays these facilities – known as long-term hospitals – at a higher rate for patients who stay for at least a certain number of days;… Continue reading Are Some Hospital Patients Kept Longer than Necessary?