YOUR MONEY-A money guide for fiftysomethings

Comments (1)
samwright wrote:

In my opinion, it is better to start planning for retirement early in order to have more than enough funds to support your current lifestyle and future expenses.

Aside from social security and the stock market, people should also consider long-term care since ltcoptions confirms that 70% of people who are 65 years old and above will require this care. This matters a lot nowadays since its cost continues to skyrocket and will get you broke if you fail to prepare for this.

Buying long-term care insurance is actually a good option since it provides comprehensive coverage and it’s not that costly compared to paying for care out-of-the-pocket. For around $1,000 to $8,000 annually, you can already have insurance.

I hope people will take retirement planning seriously because this is not just for the security of their future but as well as to protect their families.

Jun 03, 2014 11:38pm EDT  --  Report as abuse
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