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Who will care for aging Americans if the flow of immigrants is curtailed?

Immigrants play a big and growing part of providing care for America’s elderly parents and grandparents   Gerald F. Seib explains the critical role of immigrants in caring for America’s elderly in The Wall Street Journal (Jan. 28, 2018): How a Heated Immigration Debate Might Affect Grandma’s Care  “America is getting older. Some 10,000 baby…

Long Term Care Insurance: Pros and Cons

“Stiff annual premium increases are making long-term-care insurance unaffordable for some retirees, and the high cost can be traced to few insurers remaining in the market, writes Darla Mercado. Yet, with annual nursing home costs approaching $100,000, such policies may be worth holding on to if possible, she writes.” “Near-retirees wanting to shield themselves from…

Financial decisionmaking decline in older adults

 A recent study confirms that seniors become more confident in their ability to make financial decisions at the same time that their financial knowledge and decision making skills are declining… an ominous combination. “Although episodic memory and financial literacy score decline at roughly the same rate after age 60, confidence in financial decision-making ability remains…