“Confronting Retirement in a Low-Yield World,” by Christine Benz, Morningstar.com
“One key risk factor for Stephen and Diane’s plan–as is the case with so many retirees today–is that they don’t have long-term care insurance. Unfortunately, purchasing insurance at their age can be extremely expensive; depending on their health, it may be unavailable. I’d recommend that they think through an action plan on this front–either carving out a long-term care fund and segregating it from the rest of their portfolio or investigating some type of long-term care coverage such as a hybrid annuity/long-term care policy. This article discusses the pros and cons of long-term care hybrids. ”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
This Morningstar portfolio makeover article closes with advice about long-term care.
Confronting Retirement in a Low-Yield World,”
#retirement
#goldencareagent