Like an Oncoming Train: Many Retirees Will Face the “Unpredictable but Likely” Burden of Paying for Long-Term Care

A recent article from the CNBC website shone a spotlight on one of the great dilemmas facing most retirees: paying for the costs of long-term care. As the CNBC article, written by reporter Sarah O’Brien, points out, part of what makes this such a troubling issue for today’s seniors is that no one can say…

Misplaced Confidence: Americans’ High Level of Retirement Optimism Doesn’t Match the Cold Hard Facts

First, let’s give you the good news: American workers and retirees are expressing rising confidence that they will have enough money to live comfortably in retirement, according to a major national survey. Now here’s the bad news: that high level of confidence is almost entirely unsupported by the facts. That’s the inescapable conclusion from reading…

If the Parents Won’t Initiate the “Retirement Conversation,” Maybe It’s Time for the Kids Turn the Tables

Here at AgingOptions we often say that aging is a family affair – another way of saying that parents need to involve their adult kids in their plans for the future. We’ve seen too many families fall apart because mom and dad never made their wishes clear. Others have faced financial pressure because the parents…

Kiplinger: Paying for Long-Term Care from Your 401(k) Could Put You in Danger of a Major Tax Bite

If you’re like most retirees, a significant portion of your retirement savings is in pre-tax accounts such as a 401(k), 403(b) or IRA. And like most retirees you’re probably concerned about how best to cover any future long-term care costs that might arise. According to this recent article from Kiplinger, if you were counting on…

Older Americans Face Tough Choices When Planning for Long-Term Care

We once heard someone say, “Growing old isn’t for sissies.” If you’re a regular listener to our AgingOptions radio program, or a regular reader of our blog, it won’t come as a surprise to you that aging Americans face some significant challenges when planning for their long-term care. Now this article that just appeared last…

Kiplinger: Four False Assumptions that Could Ruin Your Retirement

None of has a crystal ball, so when we look ahead to our retirement years we have to make some educated assumptions about all sorts of things – where our money will come from, how healthy we’ll be, and how much our kids will be involved in our lives, just to name a few. But…

Holiday Family Time May Be the Best Time for Long-Term Care Talk

Are you getting together with family during the holidays? As odd as the idea may seem, these family gatherings – especially if you’re not physically together very often – might provide the ideal opportunity to have a conversation about a topic many families avoid: long-term care. We ran across this article last week on the…