Facebook

Longevity Risk: World’s Oldest Person Dies at 119

 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

 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?

 “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

 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…