“Future Retirees Will Be More Vulnerable to Market Shocks: CRR,” by Bernice Napach, ThinkAdvisor

Quote: “Financial assets are expected to play an increasingly larger role as a source for retirees’ income, which increases their financial fragility, according to the Center for Retirement Research. In its latest report ‘Will the Financial Fragility of Retirees Increase?”’ CRR notes that the ‘increased dependence on financial assets’ makes retirees more vulnerable to market downturns, especially if they have inadequate savings.”

LTC Comment (from Damon V. Moses, Administrative Coordinator, Center for Long-Term Care Reform):

All the more reason for future retirement planners to use some form of LTCi as “portfolio insurance” in order to protect their nest eggs and ensure quality care when an insurable event occurs.

Future Retirees Will Be More Vulnerable to Market Shocks: CRR

#caregiving
#goldencareagent