“5 Retirement Planning Tips for Solo Agers,” by Laura Petrecca, AARP
“Retirement planning can be daunting for anyone. For solo agers, facing those challenges without a spouse or adult children to turn to for financial, emotional or physical support can make it even more complex. According to a 2023 AARP report, about one-third of people age 50 and older live alone and either don’t have children, are estranged from their children, or can’t depend on their children or other family members for help. … Taking these steps during your working years can help you reach retirement with confidence that your savings will last if you expect to be largely on your own. … Nearly a quarter of benefits-eligible workers say their company offers long-term care insurance, but only 9 percent enroll, according to a 2024 survey by the Employee Benefit Research Institute.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Why so little LTC planning when the risks are so well publicized? Stupid consumers? Or do they know more than the experts who are puzzled by their complacency? To make sense of what ails LTC, read the Paragon Health Institute’s “Long-Term Care: The Problem” and “Long-Term Care: The Solution” and watch this “virtual LTC event” featuring age wave visionary Ken Dychtwald and leading LTC researchers. To find ample private funds for LTC, check out “Medicaid’s $100+ Billion Leak.” For what not to do, see “Medi-Cal-amity: California’s Reckless Expansion of Medicaid Long-Term Care to the Affluent.” Much more on long-term care here.