Many American Baby Boomers, already confronting a difficult economic environment, are ill-prepared for the negative impacts of a long-term care event and have ignored the lessons learned through the experiences of their parents.
Answers to Money Questions
Whether you've been a savvy investor, a shrewd saver, or have always lived paycheck to paycheck, once you become a senior, your financial landscape will change. After age 65, you're eligible for Medicare, which means, depending on your health circumstances, that you may be able to carry less (or no) private health insurance.
If you're considering retiring, you'll gradually find out if your savings and investments will carry you through, or if you will need some kind of supplemental income. Retirement planning strategies are becoming more sophisticated everyday, what would work best for you?
How much does senior living cost? What is Medicaid, anyway? When should you start collecting Social Security? We're bringing the information you need together in one place so you can make the decisions that will help you live a secure, rewarding life.