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Many older adults will require some long-term care (LTC) later in life, with over half needing intensive support – often for an extended period. The resources required to meet such high-intensity, long-duration needs – either informal support from family members or paid formal care – can be substantial. The question is whether older adults understand…
Households approaching retirement face a wide variety of risks to their financial security. They may live longer than planned and deplete their resources; they may experience unexpectedly high inflation; or they may receive unusually poor returns on their investments. Equally consequential is the risk that households will face major expenses to cover medical and long-term…
