“When Older American Households Fall Short,” by Darwin Bayston, ThinkAdvisor

“After reviewing data from all five of these surveys, the research team published a report finding that roughly half of older American households are likely to face a shortfall in the retirement income they will need. The percentage of retirees at risk ranged from 42% to 60%, depending on the income definitions applied, in the various statistical models used by researchers. … The research team’s report provides new scientific evidence that financial advisors would be well-served to consider and should prompt all of us to challenge ourselves with this question: How can you help your clients who were unable to accumulate enough wealth to provide the basis for sufficient retirement income in their golden years?”

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

Obviously, protect the principle with LTCI if at all possible.