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Category: longevity

Longevity Risk: World’s Oldest Person Dies at 119

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 How long are you likely to live? Outliving your retirement resources is a potential risk for many Americans. Most retirement planning scenarios project a 30 year retirement span but what if you live past 100?  According to The Wall Street Journal (4/26/22), the world’s oldest verified individual, Kane Tanaka of Japan, born January 2, 1903,…

Paying for long-term care

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 It’s estimated that 50% to 60% of 65-year-olds will require some form of long-term care at some point in their lives, often in 80s or later. Physician  John Lim recommends considering an alternative to self-funding (often followed by Medicaid), traditional long term care insurance (LTCI), or hybrid policies (afford payouts even if you don’t need…

Will you need long term care in old age?

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 “Seventeen percent of 65-year-olds will need no long-term care. Almost one-quarter will develop severe needs, requiring many hours of help for more than three years.” “Most older people will fall between those poles, with 22 percent having only minimal needs. The largest group, 38 percent, can expect moderate needs — like support while they recover…

The Longevity Factor

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 Roberta W. McCain, maverick mother of Sen. John McCain, dies at age 108! She took to the presidential campaign trail at 96 on behalf of her son, Sen. John McCain of Arizona. One of the founders of REI equipment coop lived to age 107. Are you considering the impact of living much longer than you…

Your complete guide to a succesful and secure retirement

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“Investment and personal finance experts Larry Swedroe and Kevin Grogan present uniquely comprehensive coverage of every important aspect you need to think about as you approach retirement, including: Social Security, Medicare, investment planning strategy, portfolio maintenance, preparing your heirs, retirement issues faced by women, the threat of elder financial abuse, going beyond financials to think…

Retirement Caregiver Crisis

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A labor shortage in the caregiving market could have widespread implications for families. Nursing homes in Maine, the state with the oldest average age, are having to close down due to not being able to hire enough staff. Other nursing homes throughout the U.S. struggle with keeping qualified staff. This situation does not portend well…

Quick and easy retirement calculator

Financial Planning For Women

Writing for The Squared Away Blog, one of my favorites, author Kim Blanton describes a new online tool from Vanguard to help near retirees and retirees figure out how long their savings will last. She explains the tool and reviews some of the limitations of online calculators. Read her blog: https://squaredawayblog.bc.edu/squared-away/how-long-will-retirement-savings-last/Keep in mind that the…