“Retirees: Here’s Why You Might Be Investing All Wrong,” by Motley Fool, Fox Business

Quote:

 

“Sometimes, investing isn’t even the right way to handle some financial needs. If long-term care worries are paramount, then it might be more cost-effective to obtain long-term care insurance Opens a New Window.  than to set aside the hundreds of thousands of dollars you’d need to cover such costs on your own. That way, you can pay the premium and then utilize the rest of your retirement savings more effectively, knowing that you have your long-term-care risk under control.”

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

This article is an interesting interpretation of the recent EBRI finding that contrary to conventional wisdom most retirees seek to grow rather than consume their savings. Recognizing that means more should buy LTCI to protect net worth.

Retirees: Here’s Why You Might Be Investing All Wrong

#retirees
#goldencareagent