How will you take care of your future Long-Term Care needs?

According to a 2004 research paper released by the National Bureau of Economic Research (NBER), economic theory would suggest that individuals would purchase Long-Term Care insurance to protect themselves against the risks associated with custodial care costs.  The private, nonprofit, nonpartisan research organization found that, “long-term care expenditures represent a significant financial risk for the…

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Understanding the role of your home in retirement

According to the 2013 Investment Company Fact Book, American retirement relies upon a five-layer pyramid comprised of Social Security, homeownership, employer-sponsored retirement plans, individual retirement accounts and other assets.  Social Security represents the base of that pyramid, as it is the largest component of retiree income for most Americans and the predominant income source for…

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