Our daily roundup of retirement news your clients may be thinking about.

Fresh approaches to paying for long-term care Experts are calling for better long-term care insurance since only the wealthiest people are capable of paying for the costs, which pose a significant risk to any retirement plan, according to Morningstar. According to the Bipartisan Policy Center, this new type of coverage --dubbed "retirement long-term care"-- could be bought using people's 401(k) funds and should impose no penalty for early withdrawals. This insurance type also should be offered on federal and state health insurance exchanges, with options limited to the level of daily benefits, length of coverage, and length of waiting period before the start of coverage. –Morningstar

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access