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

How to keep long-term care from bankrupting us A report from the Bipartisan Policy Center shows that long-term care poses a serious risk to retirees' financial security, as the costs are likely to increase and people have not saved to cover this need in their advance years, according to this article on Forbes. To help people prepare for long-term care costs in retirement, employers should be encouraged to provide their workers affordable, simplified “retirement long-term care insurance” with auto enrollment feature for workers age 45 and older, says the report. 401(k) participants should also be allowed to tap into the plan without tax penalties to buy long-term care insurance coverage.

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