Tag: long-term care
I recently met with a 71-year-old retiree who relies on Social Security for a sizable share of her retirement spending. She’s concerned about recent news that the Social Security retirement trust fund will run out in 2032 – just six years from now. Having read the headlines, she is now worried she’ll lose much of…
The consulting firm Milliman recently published its 2025 Long-Term Care Index, calculating that – on average – 65-year-olds should set aside $135,000 for their future high-intensity long-term care needs. Great Variability While an average figure can be a helpful anchor point, Milliman’s estimates show substantial variability based on gender, location, and health status, among other factors. For instance,…
