Long-Term Care Planning
Planning for long-term care continues to be a major concern for many facing retirement, but their risk-management plans need some improvement, according to a new report from the Society of Actuaries.
Sixty-five percent of Americans know that long-term care planning is an important, cost-saving action. But only 44% of them have started taking any steps to prepare for unanticipated costs, according to a new consumer study from Lincoln Financial.
We know at this point that people aren't talking about their possible future long-term care needs. But why? Confusion, for one, says renowned gerontologist Ken Dychtwald.